RingCentral Inc (NYSE: RNG) is -25.11% lower on its value in year-to-date trading and has touched a low of $20.58 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 $27.34 in the last trading session, with the day’s loss setting it -1.12%.
Currently trading at $26.22, the stock is -1.18% and 2.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -4.10% at the moment leaves the stock -17.26% off its SMA200. RNG registered -28.98% loss for a year compared to 6-month loss of -26.72%. The firm has a 50-day simple moving average (SMA 50) of $25.5696 and a 200-day simple moving average (SMA200) of $31.68865.
The stock witnessed a 14.50% gain in the last 1 month and extending the period to 3 months gives it a -14.79%, and is -5.92% 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 2.41% over the week and 3.16% over the month.
RingCentral Inc (RNG) has around 4260 employees, a market worth around $2.36B and $2.43B in sales. Fwd P/E is 5.66. Profit margin for the company is -1.65%. Distance from 52-week low is 27.37% and -37.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.62%).
with sales reaching $617.94M over the same period.The EPS is expected to grow by 13.85% this year, but quarterly earnings will post 4.77% year-over-year. Quarterly sales are estimated to grow 4.22% in year-over-year returns.
423.0 institutions hold shares in RingCentral Inc (RNG), with institutional investors hold 110.54% of the company’s shares. The shares outstanding are 80.13M, and float is at 78.42M with Short Float at 8.70%. Institutions hold 109.32% of the Float.
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 12.302 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 8.1257 and valued at over $212.52 million, while AMERIPRISE FINANCIAL INC holds 6.8743 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 May 21 ’25, VAIBHAV AGARWAL (Officer) Proposed Sale 14,969 shares at an average price of $26.88 for $0.4 million. The insider now directly holds shares of RingCentral Inc (RNG).
