How to Buy Rigel Resource Acquisition Stock
Rigel Resource Acquisition Corp
Rigel Resource Acquisition is a shell company located in New York, United States, which is part of the Industrials sector, and is traded under the ticker RRAC on the NYSE exchange.
Rigel Resource Acquisition stock last closed at $11.25, up 0% from the previous day, and has increased 7.26% in one year. It has overperformed other stocks in the Shell Companies industry by 0.03 percentage points. Rigel Resource Acquisition stock is currently +7.24% from its 52-week low of $10.49, and -1.23% from its 52-week high of $11.39.
There are currently 32.07M shares of RRAC outstanding. The market value of RRAC is $360.79M. In the past 24 hours, 259,098 RRAC shares were traded.
How to Buy Rigel Resource Acquisition Stock
Not sure how to invest in Rigel Resource Acquisition stock? Here's how.
- Decide where to buy Rigel Resource Acquisition stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you choose where to buy Rigel Resource Acquisition stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your method of payment and add your info.
- Analyze Rigel Resource Acquisition stock: The Rigel Resource Acquisition ticker symbol is RRAC. Is Rigel Resource Acquisition stock a good investment? Should you buy shares of RRAC? How do RRAC's underlying business fundamentals look? Do top analysts think Rigel Resource Acquisition is a good buy? Why has RRAC's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if RRAC is a good stock to buy).
- Execute your RRAC buy order: Decide if you will purchase RRAC shares at the current market price or use a limit order to buy RRAC stock at a particular price.
- Get the latest scoop on your investment in RRAC: Create a watchlist to the latest updates on your investment in Rigel Resource Acquisition shares.
Step 1: Decide where to buy Rigel Resource Acquisition stock
You will need an online brokerage account to access the NYSE market and buy RRAC shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you can invest in RRAC today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Put funds into your investment account
Now that you've finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:
Check out the walkthrough below if you need help depositing money into your new investment account.
Step 4: Analyze Rigel Resource Acquisition stock
After you have identified the best place to buy Rigel Resource Acquisition stock, it's important to analyze their stock prior to investing, so you actually understand the risk and opportunity.
Rigel Resource Acquisition Metrics
Rigel Resource Acquisition Due Diligence Checks
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on RRAC's stock page.
Is RRAC stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge RRAC's intrinsic value.
Using relative valuations metrics:
- RRAC may be overvalued based on its P/E ratio of 53.57x, relative to Shell Companies industry P/E ratio of 35.99x
You can do additional valuation analysis on RRAC's stock here.
A look at RRAC Cashflows and Balance Sheet
Failed Financial Due Diligence Checks:
- Total RRAC debt is still negative.
- There are more long-term liabilities than short-term assets on the RRAC balance sheet.
- RRAC debt to equity ratio of -1.01 is negative.
- There are more short-term liabilities than short-term assets on the RRAC balance sheet.
- RRAC has $70.75k in cash and short term investments. This is not enough to cover its annual cash burn of $1.72M.
- RRAC has cash burn of 1724125. It does not have enough cash and short-term investments to cover this.
RRAC Momentum
How is RRAC performing as a company?
Last year, RRAC earnings were $7.47M. During the last 2 year, RRAC's earnings have increased by -55.7% per year. This was slower than the Shell Companies industry average of 34.67%.
Dig into RRAC's earnings and revenue performance here.
Latest Insiders Trades at RRAC
Over the past 12 months, insiders at RRAC have not bought or sold any shares.
Research more about who owns RRAC shares here.
Can I get consistent income from RRAC stock?
No, Rigel Resource Acquisition doesn't provide an income stream by paying out dividends.
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Step 5: Execute your RRAC buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you require more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get the latest scoop on your investment in RRAC
Now that you own some shares in RRAC, you'll want to keep up with your new investment.
Put RRAC on a watchlist to see the latest developments about your RRAC stock.
RRAC Feed
How to Buy Stock in Rigel Resource Acquisition
To reiterate, here are the 6 steps to buy Rigel Resource Acquisition stock:
- Decide where to buy Rigel Resource Acquisition stock
- Open your brokerage account
- Put funds into your investment account
- Analyze Rigel Resource Acquisition stock
- Execute your RRAC buy order
- Get the latest scoop on your investment in RRAC
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Rigel Resource Acquisition, create a watchlist today.
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