Stock To Watch: RigNet, Inc. (NASDAQ:RNET)


The leading market experts have placed a mean price target of $15.75 on RigNet, Inc. (NASDAQ:RNET) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $-0.02 a share for the upcoming quarter and $-0.01 for the current fiscal. Technical View The technical analysis of RigNet, Inc. plainly substantiates that the 50-day moving average of RigNet, Inc. is $12.50, and stock is hovering -1.10 or -8.80% distant from $12.50. It is noted that the 200-day MA is $13.20, and RigNet, Inc. stock is $-1.80 or -13.66% off from this point. RigNet, Inc. (NASDAQ:RNET) 52-week high is $32.81 and the 52-week low is $10.32. This explains if the stock moves $-21.41, it will post a 52-week high. In event of $+10.47% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of RigNet, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, RigNet, Inc. (NASDAQ:RNET) ratio came in at N/A. The stock last ended the trading session at $11.40 and registered a market cap of $202.14M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. RigNet, Inc. (NASDAQ:RNET) PEG ratio is at -59.05.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 23 times, 1 visits today)