RingCentral Inc (NYSE: RNG) is -12.11% lower on its value in year-to-date trading and has touched a low of $26.98 and a high of $42.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RNG stock was last observed hovering at around $31.74 in the last trading session, with the day’s loss setting it -0.97%.
Currently trading at $30.77, the stock is -10.48% and -13.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.39 million and changing -3.06% at the moment leaves the stock -8.54% off its SMA200. RNG registered 0.42% gain for a year compared to 6-month gain of -9.90%.
The stock witnessed a -10.21% loss in the last 1 month and extending the period to 3 months gives it a -14.00%, and is -11.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.81% over the week and 3.80% over the month.
RingCentral Inc (RNG) has around 4084 employees, a market worth around $2.77B and $2.36B in sales. Fwd P/E is 6.42. Profit margin for the company is -4.17%. Distance from 52-week low is 14.05% and -27.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.49%).
with sales reaching $612.42M over the same period.The EPS is expected to grow by 14.61% this year, but quarterly earnings will post 8.89% year-over-year. Quarterly sales are estimated to grow 7.20% in year-over-year returns.
The shares outstanding are 80.51M, and float is at 78.26M with Short Float at 6.59%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.41 million shares valued at $321.75 million. The investor’s holdings represent 12.2495 of the RNG Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 9.86 million shares valued at $278.12 million to account for 10.6341 of the shares outstanding. The other top investors are SYLEBRA CAPITAL LLC which holds 7.54 million shares representing 8.0911 and valued at over $212.52 million, while AMERIPRISE FINANCIAL INC holds 6.845 of the shares totaling 6.38 million with a market value of $179.79 million.
RingCentral Inc (RNG) Insider Activity
Still, SEC filings show that on Dec 12 ’24, SEGAL NED D. (Director) disposed off 2,914 shares at an average price of $41.60 for $0.12 million. The insider now directly holds 10,633 shares of RingCentral Inc (RNG).
