Published on 10 May 2022 on Simply Wall St. via Yahoo Finance
Investing in stocks comes with the risk that the share price will fall. And unfortunately for Rackspace Technology, Inc. (NASDAQ:RXT) shareholders, the stock is a lot lower today than it was a year ago. The share price is down a hefty 62% in that time. Because Rackspace Technology hasn't been listed for many years, the market is still learning about how the business performs. Shareholders have had an even rougher run lately, with the share price down 27% in the last 90 days. However, one could argue that the price has been influenced by the general market, which is down 14% in the same timeframe.
Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.
View our latest analysis for Rackspace Technology