In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $36.77 in the prior trading day, RingCentral Inc (NYSE: RNG) closed at $34.03, down -7.45%. In other words, the price has decreased by -$7.45 from its previous closing price. On the day, 2.49 million shares were traded. RNG stock price reached its highest trading level at $35.79 during the session, while it also had its lowest trading level at $33.73.
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 14.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.05. 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, Wells Fargo on January 07, 2025, Downgraded its rating to Underweight and sets its target price to $30 from $38 previously.
On January 03, 2025, Raymond James Downgraded its rating to Outperform which previously was Strong Buy and also lowered its target price recommendation from $50 to $45.
Mizuho Downgraded its Outperform to Neutral on December 13, 2024, while the target price for the stock was maintained at $42.
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 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:
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 3062468608 and an Enterprise Value of 4651453440. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30. Its current Enterprise Value per Revenue stands at 1.973 whereas that against EBITDA is 24.461.
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 -8.57%, while the 200-Day Moving Average is calculated to be 2.13%.
Shares Statistics:
The stock has traded on average 1.28M shares per day over the past 3-months and 953240 shares per day over the last 10 days, according to various share statistics. A total of 80.51M shares are outstanding, with a floating share count of 78.30M. Insiders hold about 12.99% of the company’s shares, while institutions hold 88.25% stake in the company. Shares short for RNG as of 1734048000 were 4799392 with a Short Ratio of 3.75, compared to 1731628800 on 5966539. Therefore, it implies a Short% of Shares Outstanding of 4799392 and a Short% of Float of 8.32.
