RingCentral Inc (NYSE: RNG) is 4.50% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RNG stock was last observed hovering at around $29.24 in the last trading session, with the day’s gains setting it 1199970.76%.
Currently trading at $1200000.0, the stock is 7.83% and 10.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 0.79% at the moment leaves the stock -4.86% off its SMA200. RNG registered -15.82% loss for a year compared to 6-month loss of -18.39%. The firm has a 50-day simple moving average (SMA 50) of $26.6648 and a 200-day simple moving average (SMA200) of $30.97465.
The stock witnessed a 13.39% gain in the last 1 month and extending the period to 3 months gives it a 16.21%, and is 9.11% up 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 3.20% over the week and 2.87% over the month.
RingCentral Inc (RNG) has around 4260 employees, a market worth around $2.65B and $2.43B in sales. Fwd P/E is 6.35. Profit margin for the company is -1.65%. Distance from 52-week low is 43.16% and -30.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.62%).
The EPS is expected to grow by 13.65% this year
421.0 institutions hold shares in RingCentral Inc (RNG), with institutional investors hold 110.55% of the company’s shares. The shares outstanding are 80.13M, and float is at 77.96M with Short Float at 7.76%. Institutions hold 109.10% 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
The most recent transaction is an insider sale by Arora Tarun, the company’s Chief Accounting Officer. SEC filings show that Arora Tarun sold 7,776 shares of the company’s common stock on Jun 27 ’25 at a price of $28.00 per share for a total of $0.22 million. Following the sale, the insider now owns 0.11 million shares.
RingCentral Inc disclosed in a document filed with the SEC on Jun 27 ’25 that Makagon Kira (President and COO) sold a total of 21,185 shares of the company’s common stock. The trade occurred on Jun 27 ’25 and was made at $27.69 per share for $0.59 million. Following the transaction, the insider now directly holds 0.41 million shares of the RNG stock.
