NYSE: RRACRigel Resource Acquisition Corp Stock
$11.25+0.00 (+0%)
Updated Apr 24, 2024
RRAC Price
$11.25
Fair Value Price
N/A
Market Cap
$360.79M
52 Week Low
$10.49
52 Week High
$11.39
P/E
53.57x
P/B
-14.14x
P/S
N/A
PEG
N/A
Dividend Yield
N/A
Revenue
$0.00
Earnings
$7.47M
Gross Margin
N/A
Operating Margin
N/A
Profit Margin
N/A
Debt to Equity
-1.01
Operating Cash Flow
-$2M
Beta
0.01
Next Earnings
N/A
Ex-Dividend
N/A
Next Dividend
N/A
RRAC Overview
Rigel Resource Acquisition Corporation is a "blank check" company formed to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or other combinations with one or more businesses. The company intends to target the global mining industry, including mine operators and ancillary services providers. Rigel Resource Acquisition was incorporated in 2021 and is headquartered in New York, NY.
Zen Score
–
Industry Average (8)
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Due Diligence Checks
RRAC was unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
RRAC is poor value based on its earnings relative to its share price (53.57x), compared to the US market average (41.27x)
P/E vs Market Valuation
RRAC is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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RRAC News
Valuation
RRAC price to earnings (PE)
For valuing profitable companies with steady earnings
Company
53.57x
Industry
35.99x
Market
41.27x
RRAC is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
RRAC is poor value based... subscribe to Premium to read more.
P/E vs Market Valuation
RRAC price to book (PB)
For valuing companies that are loss-making or have lots of physical asset
Company
-14.14x
Industry
-14.41x
RRAC's financial health
Profit margin
Revenue
$0.0
Net Income
$3.1M
Profit Margin
0%
RRAC's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
Assets to liabilities
Assets
$270.8M
Liabilities
$25.6M
Debt to equity
-1.01
RRAC's short-term liabilities ($6.64M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
RRAC's long-term liabilities ($18.99M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
RRAC's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
RRAC's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials
Cash flow
Operating
-$1.4M
Investing
-$1.1M
Financing
$2.4M
RRAC's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials
RRAC vs Shell Company Stocks
Rigel Resource Acquisition Stock FAQ
Company
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.