How to Buy Rackspace Technology Stock
Rackspace Technology Inc
Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments.
Rackspace Technology stock last closed at $1.57, up 3.29% from the previous day, and has decreased 27.65% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.39 percentage points. Rackspace Technology stock is currently +49.52% from its 52-week low of $1.05, and -49.35% from its 52-week high of $3.10.
There are currently 219.76M shares of RXT outstanding. The market capitalization of RXT is $345.02M. In the past 24 hours, 752,201 RXT shares were traded.
How to Buy Rackspace Technology Stock
Wondering how to invest in Rackspace Technology stock? Here's how.
- Decide where to buy Rackspace Technology stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Rackspace Technology stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Rackspace Technology stock: The Rackspace Technology ticker symbol is RXT. Is Rackspace Technology stock a good investment? Should you buy shares of RXT? How do RXT's underlying business fundamentals look? Do top analysts think Rackspace Technology is a good buy? Why has RXT's stock price moved recently? (Hint: Our stock market research tools can help you understand if RXT is a good stock to buy).
- Place your RXT purchase: Decide if you will purchase RXT shares at the current market price or use a limit order to buy RXT shares at a specific price.
- Track your investment in RXT: Create a watchlist to watch your position in Rackspace Technology stock.
Step 1: Decide where to buy Rackspace Technology stock
You need an online brokerage account in order to access the NASDAQ market and buy RXT stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you are able to invest in RXT stock today.
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Step 3: Fund your brokerage account
Now that you have opened your account on stock apps to use, you can securely and quickly fund your account:
Watch the tutorial below for more details depositing funds into your brokerage account.
Step 4: Evaluate Rackspace Technology stock
Once you have decided on the best place to buy Rackspace Technology stock, it's very important to evaluate their stock prior to investing, so you actually understand the risk and upside.
Rackspace Technology shares data
Rackspace Technology Overview
WallStreetZen was built to help everyday investors perform better fundamental analysis in less time.
You can see all of the due diligence checks on RXT's stock page.
Is RXT stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge RXT's fair value.
You can access more valuation analysis on RXT's stock here.
RXT Financial Overview
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the RXT balance sheet.
- RXT earnings of -$632.80M is not sufficient to cover its interest payments.
- RXT profit margin has gone down from -25.8% to -28.3% in the past year.
- There are more long-term liabilities than short-term assets on the RXT balance sheet.
- Total RXT debt is still negative.
- RXT debt to equity ratio of -27.51 is negative.
- RXT's operating cash flow of $374.90M allows it to safely service it's debt of $3.43B.
Do Wall Street analysts think it's a good time to buy RXT stock
Out of 7 Wall Street analysts who track RXT, the consensus analyst rating on RXT is a Sell
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent RXT Analyst Upgrades/Downgrades
Kevin Mcveigh, a bottom 4% analyst from UBS initiates coverage on RXT with a hold rating and announces their RXT price target of $1.40, on Nov 7, 2023.
Ramsey El-Assal, a bottom 2% analyst from Barclays maintains RXT with a strong sell rating and lowers their RXT price target from $2.00 to $1.00, on Oct 23, 2023.
You can dive deeper into what analysts are forecasting on the Rackspace Technology stock forecast page.
RXT Technicals
RXT Growth Metrics
Last year, RXT revenue was $2.96B. In the last 5 year, RXT's revenue has grown by 3.81% per year. This was slower than the Software - Infrastructure industry average of 17.02%.
You can research RXT's earnings and revenue performance here.
What are RXT executives and large shareholders up to?
Over the past year, insiders at RXT have sold more shares than they have bought.
Srini Koushik, Chief Technology Officer of RXT, was the latest RXT insider to sell. They sold $65,771.94 worth of RXT shares on Mar 16, 2024.
Get more info about who owns RXT shares here.
Can I get consistent income from RXT stock?
No, Rackspace Technology doesn't provide an income stream by paying out dividends.
RXT Social Trading Data
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Step 5: Place your RXT purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and your broker will execute your order.
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Step 6: Track your investment in RXT
Now that you own some RXT shares, you'll want to stay up-to-date on your new investment.
Put RXT on a watchlist to track the latest developments regarding your RXT stock.
RXT Feed
How to Buy Stock in Rackspace Technology
To summarize, here are the 6 steps to buy Rackspace Technology stock:
- Decide where to buy Rackspace Technology stock
- Sign up for a brokerage account
- Fund your brokerage account
- Evaluate Rackspace Technology stock
- Place your RXT purchase
- Track your investment in RXT
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Rackspace Technology, add RXT to your watchlist below.
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