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RigNet, Inc is an oil & gas equipment & services business based in the US. RigNet shares (RNET) are listed on the NASDAQ and all prices are listed in US Dollars. RigNet employs 658 staff and has a trailing 12-month revenue of around USD$207.9 million.
|52-week range||USD$0.77 - USD$11.19|
|50-day moving average||USD$9.4141|
|200-day moving average||USD$6.6631|
|Wall St. target price||USD$6|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-3.717|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing RigNet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of RigNet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
RigNet's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$22.6 million.
The EBITDA is a measure of a RigNet's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$207.9 million|
|Gross profit TTM||USD$77.6 million|
|Return on assets TTM||-0.1%|
|Return on equity TTM||-188.98%|
|Market capitalisation||USD$187 million|
TTM: trailing 12 months
There are currently 248,286 RigNet shares held short by investors – that's known as RigNet's "short interest". This figure is 29.3% up from 192,012 last month.
There are a few different ways that this level of interest in shorting RigNet shares can be evaluated.
RigNet's "short interest ratio" (SIR) is the quantity of RigNet shares currently shorted divided by the average quantity of RigNet shares traded daily (recently around 225714.54545455). RigNet's SIR currently stands at 1.1. In other words for every 100,000 RigNet shares traded daily on the market, roughly 1100 shares are currently held short.
However RigNet's short interest can also be evaluated against the total number of RigNet shares, or, against the total number of tradable RigNet shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case RigNet's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 RigNet shares in existence, roughly 10 shares are currently held short) or 0.0164% of the tradable shares (for every 100,000 tradable RigNet shares, roughly 16 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against RigNet.
Find out more about how you can short RigNet stock.
We're not expecting RigNet to pay a dividend over the next 12 months.
Over the last 12 months, RigNet's shares have ranged in value from as little as $0.77 up to $11.19. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while RigNet's is 2.4093. This would suggest that RigNet's shares are significantly more volatile than the average for this exchange and represent a higher risk.
RigNet, Inc., a technology company, provides customized communications services, applications, and cybersecurity solutions in the United States and internationally. The company operates through three segments: Managed Communications Services, Applications and Internet-of-Things (Apps & IoT), and Systems Integration. The Managed Communications Services segment provides remote communication, telephony, and technology services for offshore and onshore drilling rigs and production facilities, support vessels, and other remote sites. This segment also sells communications equipment; and provides installation and maintenance services. The Apps & IoT segment offers applications over-the-top of the network layer, including Software as a Service offerings, such as a real-time machine learning and artificial intelligence data platform; Cyphre encryption; cybersecurity services; edge computing solution services that assist customers with collecting and standardizing the complex data produced by edge devices; applications for safety and workforce productivity; and other value-added services. This segment also provides private machine-to-machine IoT data networks, including supervisory control and data acquisition. The Systems Integration segment engages in the design, consulting, engineering, project management, procurement, testing, installation, commissioning, and maintenance of telecommunications systems. This segment also provides monitoring and maintenance for fire and gas detection systems; and programmable logic controller and automation control systems. RigNet, Inc. was founded in 2000 and is headquartered in Houston, Texas.
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