Why RigNet, Inc. (NASDAQ:RNET) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.25 on RigNet, Inc. (NASDAQ:RNET) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.16 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of RigNet, Inc. (NASDAQ:RNET) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For RigNet, Inc., the PEG ratio for coming 3-5 years is 3.91.

Technical Analysis

The technical analysis highlights that RigNet, Inc. current is trading $0.30 points away or +2.37% from its 50-day moving average of $12.51. Further it is trading $-0.20 or -1.53% away its 200-day moving average of $13.01.

The 52-week high of RigNet, Inc. (NASDAQ:RNET) was $32.81 while lowest point recorded in 52-week was $10.32. It implies if stock price makes a movement of over $-20.00, it will record a new 52-week high. In the case of +24.13% drop, it will touch a new 52-week low.

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 15 times, 1 visits today)