Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
RingCentral Inc (NYSE: RNG) closed the day trading at $26.55 up 1.26% from the previous closing price of $26.22. In other words, the price has increased by $1.26 from its previous closing price. On the day, 0.93 million shares were traded.
Ratios:
For a better understanding of RNG, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50.
On January 27, 2025, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $45 to $37.
Wells Fargo Downgraded its Equal Weight to Underweight on January 07, 2025, whereas the target price for the stock was revised from $38 to $30.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 21 ’25 when Shmunis Vladimir sold 94,956 shares for $26.56 per share. The transaction valued at 2,522,031 led to the insider holds 607,719 shares of the business.
Shmunis Vladimir sold 54,899 shares of RNG for $1,451,584 on May 22 ’25. The CEO and Chairman now owns 552,820 shares after completing the transaction at $26.44 per share. On May 21 ’25, another insider, Agarwal Vaibhav, who serves as the CTrO and Deputy CFO of the company, sold 14,969 shares for $26.88 each. As a result, the insider received 402,382 and left with 153,900 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98.
Stock Price History:
Over the past 52 weeks, RNG has reached a high of $42.19, while it has fallen to a 52-week low of $20.58. The 50-Day Moving Average of the stock is 3.87%, while the 200-Day Moving Average is calculated to be -16.11%.
Shares Statistics:
A total of 80.13M shares are outstanding, with a floating share count of 78.41M. Insiders hold about 12.82% of the company’s shares, while institutions hold 96.57% stake in the company.
