RingCentral Inc [RNG] stock is trading at $27.56, down -1.01%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RNG shares have gain 1.29% over the last week, with a monthly amount drifted -4.24%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
RingCentral Inc [NYSE: RNG] stock has seen the most recent analyst activity on January 27, 2025, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $37 from $45. Previously, Wells Fargo downgraded its rating to Underweight on January 07, 2025, and dropped its price target to $30. On January 03, 2025, downgrade downgraded it’s rating to Outperform and revised its price target to $45 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $42 on December 13, 2024. Rosenblatt upgraded its rating to a Buy but $45 remained the price target by the analyst firm on August 02, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on December 20, 2023, but kept the price target unchanged to $36. In a note dated December 12, 2023, Jefferies downgraded an Hold rating on this stock and revised its target price from $40 to $35.
RingCentral Inc [RNG] stock has fluctuated between $26.22 and $42.19 over the past year. Currently, Wall Street analysts expect the stock to reach $37.5 within the next 12 months. RingCentral Inc [NYSE: RNG] shares were valued at $27.56 at the most recent close of the market. An investor can expect a potential return of 36.07% based on the average RNG price forecast.
Analyzing the RNG fundamentals
RingCentral Inc [NYSE:RNG] reported sales of 2.40B for the trailing twelve months, which represents a growth of 7.57%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is 0.13 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.32 points at the first support level, and at 27.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.91, and for the 2nd resistance point, it is at 28.26.
Ratios To Look Out For
For context, RingCentral Inc’s Current Ratio is 0.92. As well, the Quick Ratio is 0.92, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.04.
Transactions by insiders
Recent insider trading involved THEIS ROBERT I, Director, that happened on Mar 04 ’25 when 1457.0 shares were sold. CTrO and Deputy CFO, Agarwal Vaibhav completed a deal on Feb 28 ’25 to sell 24784.0 shares. Meanwhile, Officer VAIBHAV AGARWAL bought 24784.0 shares on Feb 28 ’25.
