Rice Acquisition Corp. (NYSE:RICE) previous close was $16.30 while the outstanding shares total 29.66M. RICE’s shares traded higher over the last trading session, gaining 3.80% on 06/09/21. The shares fell to a low of $16.2652 before closing at $16.92. Intraday shares traded counted 0.74 million, which was 70.57% higher than its 30-day average trading volume of 2.51M. The stock’s Relative Strength Index (RSI) is 66.20, with weekly volatility at 3.78% and ATR at 0.70. The RICE stock’s 52-week price range has touched low of $9.62 and a $17.90 high.
Investors have identified the Shell Companies company Rice Acquisition Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $502.19 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Rice Acquisition Corp. (RICE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 604.61 million total, with 524.43 million as their total liabilities.
Having a look at the companyâ€™s valuation, the company is expected to record 1.01 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RICE sounds very interesting.
Is the stock of RICE attractive?
0 out of 0 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Rice Acquisition Corp.. 0 analysts has assigned a Sell rating on the RICE stock. The 12-month mean consensus price target for the companyâ€™s shares has been set at $27.89.