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NYSE: RRAC
Rigel Resource Acquisition Corp Stock

$11.25+0.00 (+0%)
Updated Apr 19, 2024
RRAC Price
$11.25
Fair Value Price
N/A
Market Cap
$360.79M
52 Week Low
$10.48
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)
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how RRAC scored across 33 valuation, financial, forecast, performance, and dividend due diligence checks.

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 (40.51x)
P/E vs Market Valuation
RRAC is poor value based... subscribe to Premium to read more.
P/E vs Industry Valuation
There are 30 more RRAC due diligence checks available for Premium users.

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RRAC News

Valuation

RRAC price to earnings (PE)

For valuing profitable companies with steady earnings
Company
53.57x
Industry
35.4x
Market
40.51x
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
-14.17x

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

TickerMarket Cap1d %P/EP/B
RRAC$360.79M0.00%53.57x-14.14x
IPXX$328.75M0.00%15.03x-25.46x
NETD$399.93M0.00%36.17x-33.60x
HYAC$308.77M-0.19%33.71x-37.57x
JWSM$300.08M+0.27%78.57x-46.65x

Rigel Resource Acquisition Stock FAQ

What is Rigel Resource Acquisition's quote symbol?

(NYSE: RRAC) Rigel Resource Acquisition trades on the NYSE under the ticker symbol RRAC. Rigel Resource Acquisition stock quotes can also be displayed as NYSE: RRAC.

If you're new to stock investing, here's how to buy Rigel Resource Acquisition stock.

What is the 52 week high and low for Rigel Resource Acquisition (NYSE: RRAC)?

(NYSE: RRAC) Rigel Resource Acquisition's 52-week high was $11.39, and its 52-week low was $10.48. It is currently -1.23% from its 52-week high and 7.35% from its 52-week low.

How much is Rigel Resource Acquisition stock worth today?

(NYSE: RRAC) Rigel Resource Acquisition currently has 32,070,033 outstanding shares. With Rigel Resource Acquisition stock trading at $11.25 per share, the total value of Rigel Resource Acquisition stock (market capitalization) is $360.79M.

Rigel Resource Acquisition stock was originally listed at a price of $10.06 in Nov 5, 2021. If you had invested in Rigel Resource Acquisition stock at $10.06, your return over the last 2 years would have been 11.88%, for an annualized return of 5.78% (not including any dividends or dividend reinvestments).

How much is Rigel Resource Acquisition's stock price per share?

(NYSE: RRAC) Rigel Resource Acquisition stock price per share is $11.25 today (as of Apr 19, 2024).

What is Rigel Resource Acquisition's Market Cap?

(NYSE: RRAC) Rigel Resource Acquisition's market cap is $360.79M, as of Apr 20, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Rigel Resource Acquisition's market cap is calculated by multiplying RRAC's current stock price of $11.25 by RRAC's total outstanding shares of 32,070,033.
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