The stock price of Rigel Resource Acquisition Corp (NYSE: RRAC) has dropped by -0.09 compared to previous close of 11.26. Despite this, the company has seen a gain of 0.54% in its stock price over the last five trading days.
Is It Worth Investing in Rigel Resource Acquisition Corp (NYSE: RRAC) Right Now?
Rigel Resource Acquisition Corp (NYSE: RRAC) has a price-to-earnings ratio of 52.84x that is above its average ratio. Additionally, the 36-month beta value for RRAC is -0.01.
The public float for RRAC is 23.57M and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of RRAC on April 17, 2024 was 51.37K shares.
RRAC’s Market Performance
RRAC’s stock has seen a 0.54% increase for the week, with a 0.99% rise in the past month and a 2.09% gain in the past quarter. The volatility ratio for the week is 0.64%, and the volatility levels for the past 30 days are at 0.25% for Rigel Resource Acquisition Corp. The simple moving average for the past 20 days is 0.56% for RRAC’s stock, with a 3.19% simple moving average for the past 200 days.
RRAC Trading at 0.99% from the 50-Day Moving Average
After a stumble in the market that brought RRAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.23% of loss for the given period.
Volatility was left at 0.25%, however, over the last 30 days, the volatility rate increased by 0.64%, as shares surge +1.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.58% upper at present.
During the last 5 trading sessions, RRAC rose by +0.58%, which changed the moving average for the period of 200-days by +7.19% in comparison to the 20-day moving average, which settled at $11.19. In addition, Rigel Resource Acquisition Corp saw 2.65% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RRAC
The total capital return value is set at -0.01. Equity return is now at value 2.77, with 2.57 for asset returns.
Based on Rigel Resource Acquisition Corp (RRAC), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -0.31.
Currently, EBITDA for the company is -2.45 million with net debt to EBITDA at -2.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.02.
Conclusion
In conclusion, Rigel Resource Acquisition Corp (RRAC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
