For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, RingCentral Inc (NYSE: RNG) closed at $31.74 down -6.12% from its previous closing price of $33.81. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 2.3 million shares were traded.
Ratios:
For a deeper understanding of RingCentral Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.51. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 and its Current Ratio is at 0.88.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 13 ’24 when 2015 VEN C TRS FBO EDWARD B VE bought 8,017 shares for $41.00 per share.
2015 VENDROW C TRT FBO JOSH VE bought 8,018 shares of RNG for $328,738 on Dec 13 ’24. On Dec 12 ’24, another insider, SEGAL NED D., who serves as the Director of the company, sold 2,914 shares for $41.60 each. As a result, the insider received 121,222 and left with 10,633 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21.
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 $26.98. The 50-Day Moving Average of the stock is -11.49%, while the 200-Day Moving Average is calculated to be -5.65%.
Shares Statistics:
A total of 80.51M shares are outstanding, with a floating share count of 78.26M. Insiders hold about 13.04% of the company’s shares, while institutions hold 91.71% stake in the company.
