Rackspace Shows Fast-paced Momentum But Is Still a Bargain Stock
| RXT Stock | USD 2.32 0.07 3.11% |
Slightly above 55% of Rackspace Technology's private investors are presently thinking to get in. The analysis of the overall prospects from investing in Rackspace Technology suggests that some traders are, at the present time, interested. Rackspace Technology's investing sentiment can be driven by a variety of factors including economic data, Rackspace Technology's earnings reports, geopolitical events, and overall market trends.
Rackspace |
Rackspace made it through our Fast-Paced Momentum at a Bargain screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
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Rackspace Technology Fundamental Analysis
We analyze Rackspace Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Rackspace Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Rackspace Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Short Ratio
Short Ratio Comparative Analysis
Rackspace Technology is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Rackspace Technology Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Rackspace Technology stock to make a market-neutral strategy. Peer analysis of Rackspace Technology could also be used in its relative valuation, which is a method of valuing Rackspace Technology by comparing valuation metrics with similar companies.
Peers
Rackspace Technology Related Equities
| GCT | GigaCloud Technology | 9.24 | ||||
| HUBC | Hub Cyber | 3.90 | ||||
| TENB | Tenable Holdings | 2.79 | ||||
| ALAR | Alarum Technologies | 2.73 | ||||
| NTNX | Nutanix | 2.28 | ||||
| CINT | CiT | 0.79 | ||||
| S | SentinelOne | 0.18 | ||||
| RAMP | Liveramp Holdings | 0.46 | ||||
| PGY | Pagaya Technologies | 0.58 | ||||
| ARQQ | Arqit Quantum | 1.66 | ||||
| AFRM | Affirm Holdings | 2.12 | ||||
| YEXT | Yext | 3.21 | ||||
| STEM | Stem | 3.28 |
Additional Tools for Rackspace Stock Analysis
When running Rackspace Technology's price analysis, check to measure Rackspace Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rackspace Technology is operating at the current time. Most of Rackspace Technology's value examination focuses on studying past and present price action to predict the probability of Rackspace Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rackspace Technology's price. Additionally, you may evaluate how the addition of Rackspace Technology to your portfolios can decrease your overall portfolio volatility.