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After finishing at $24.76 in the prior trading day, RingCentral Inc (NYSE: RNG) closed at $25.36, up 2.42%. In other words, the price has increased by $2.42 from its previous closing price. On the day, 1.4 million shares were traded. RNG stock price reached its highest trading level at $25.42 during the session, while it also had its lowest trading level at $24.575.
Ratios:
Our goal is to gain a better understanding of RNG by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.78. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 27, 2025, Downgraded its rating to Equal Weight and sets its target price to $37 from $45 previously.
On January 07, 2025, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $38 to $30.
Raymond James Downgraded its Strong Buy to Outperform on January 03, 2025, whereas the target price for the stock was revised from $50 to $45.
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 Mar 04 ’25 when THEIS ROBERT I sold 1,457 shares for $27.69 per share. The transaction valued at 40,344 led to the insider holds 27,233 shares of the business.
Agarwal Vaibhav sold 24,784 shares of RNG for $709,566 on Feb 28 ’25. The CTrO and Deputy CFO now owns 120,323 shares after completing the transaction at $28.63 per share. On Feb 28 ’25, another insider, VAIBHAV AGARWAL, who serves as the Officer of the company, bought 24,784 shares for $28.63 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RNG now has a Market Capitalization of 2300707584 and an Enterprise Value of 3836655616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96. Its current Enterprise Value per Revenue stands at 1.598 whereas that against EBITDA is 16.217.
Stock Price History:
The Beta on a monthly basis for RNG is 1.30, which has changed by -0.23729324 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, RNG has reached a high of $42.19, while it has fallen to a 52-week low of $23.89. The 50-Day Moving Average of the stock is -16.75%, while the 200-Day Moving Average is calculated to be -22.29%.
Shares Statistics:
The stock has traded on average 1.53M shares per day over the past 3-months and 1818190 shares per day over the last 10 days, according to various share statistics. A total of 80.91M shares are outstanding, with a floating share count of 78.84M. Insiders hold about 13.09% of the company’s shares, while institutions hold 91.05% stake in the company. Shares short for RNG as of 1741910400 were 6044093 with a Short Ratio of 3.94, compared to 1739491200 on 5773268. Therefore, it implies a Short% of Shares Outstanding of 6044093 and a Short% of Float of 10.319999600000001.
