In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, RingCentral Inc (NYSE: RNG) closed at $28.95 down -5.91% from its previous closing price of $30.77. In other words, the price has decreased by -$5.91 from its previous closing price. On the day, 3.96 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 10.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.68. For the most recent quarter (mrq), Quick Ratio is recorded 0.88 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:
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 Feb 21 ’25 when Vladimir G. Shmunis bought 189,672 shares for $28.95 per share.
John H. Marlow bought 58,068 shares of RNG for $1,681,069 on Feb 21 ’25. On Dec 13 ’24, another insider, 2015 VEN C TRS FBO EDWARD B VE, who serves as the 10% Owner of the company, bought 8,017 shares for $41.00 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09.
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 -18.37%, while the 200-Day Moving Average is calculated to be -13.93%.
Shares Statistics:
A total of 89.99M shares are outstanding, with a floating share count of 78.31M. Insiders hold about 12.98% of the company’s shares, while institutions hold 91.71% stake in the company.
