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The price of RingCentral Inc (NYSE: RNG) closed at $35.59 in the last session, up 0.57% from day before closing price of $35.39. In other words, the price has increased by $0.57 from its previous closing price. On the day, 0.72 million shares were traded. RNG stock price reached its highest trading level at $35.905 during the session, while it also had its lowest trading level at $34.96.
Ratios:
We take a closer look at RNG’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.42. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 3202857984 and an Enterprise Value of 4792525312. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36. Its current Enterprise Value per Revenue stands at 2.033 whereas that against EBITDA is 25.203.
Stock Price History:
The Beta on a monthly basis for RNG is 1.02, which has changed by 0.05139637 over the last 52 weeks, in comparison to a change of 0.21794415 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 $26.98. The 50-Day Moving Average of the stock is -2.69%, while the 200-Day Moving Average is calculated to be 6.65%.
Shares Statistics:
According to the various share statistics, RNG traded on average about 1.28M shares per day over the past 3-months and 1050850 shares per day over the past 10 days. A total of 80.51M shares are outstanding, with a floating share count of 78.31M. Insiders hold about 12.98% of the company’s shares, while institutions hold 89.83% stake in the company. Shares short for RNG as of 1736899200 were 5156893 with a Short Ratio of 4.03, compared to 1734048000 on 4799392. Therefore, it implies a Short% of Shares Outstanding of 5156893 and a Short% of Float of 8.939999.
