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Rigel Resource Acquisition Corp. Rigel Resource Acquisition Corp.

Rigel Resource Acquisition Corp.

RRAC
Rank in Stocks #15193
Rigel Resource Acquisition Corp. currently has no substantial operational... Rigel Resource Acquisition Corp. currently has no substantial operational activities. Its core objective is to finalize a business combination with one or more enterprises, potentially through a merger, capital stock exchange, asset purchase, stock acquisition, or reorganization. Established in 2021, the firm's headquarters are situated in New York, New York.
Share Price
$11.45
Last synced: 2024-11-29
Market Cap
$367.20M
Change (1 day)
0.00%
Change (1 year)
0.00%
Country
US
Trade Rigel Resource Acquisition Corp. (RRAC)

Category

Financial Services
P/E ratio for Rigel Resource Acquisition Corp. (RRAC)
P/E ratio as of September 2026 TTM: -191.67
According to Rigel Resource Acquisition Corp. latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -191.67. At the end of 2023 the company had a P/E ratio of 51.90.
P/E ratio history for Rigel Resource Acquisition Corp. from 2021 to 2026
P/E ratio at the end of each year
Year P/E Ratio Change
2026 (TTM) -191.67 -100.00%
2024 0.00 -100.00%
2023 51.90 118.95%
2022 23.70 -9.87%
2021 26.30 0.00%
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How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share.
A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.

Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.