At the time of writing, RingCentral Inc [RNG] stock is trading at $26.90, up 0.56%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RNG shares have gain 3.30% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Equal Weight on January 27, 2025, and dropped its price target to $37. On January 07, 2025, downgrade downgraded it’s rating to Underweight and revised its price target to $30 on the stock. Raymond James downgraded its rating to a Outperform and decreased its price target to $45 on January 03, 2025. Mizuho downgraded its rating to a Neutral but $42 remained the price target by the analyst firm on December 13, 2024. Rosenblatt upgraded its rating to Buy for this stock on August 02, 2024, but kept the price target unchanged to $45. In a note dated December 20, 2023, Wells Fargo downgraded an Equal Weight rating on this stock but restated the target price of $36.
For the past year, the stock price of RingCentral Inc fluctuated between $20.58 and $42.19. Currently, Wall Street analysts expect the stock to reach $37.5 within the next 12 months. RingCentral Inc [NYSE: RNG] shares were valued at $26.90 at the most recent close of the market. An investor can expect a potential return of 39.41% based on the average RNG price forecast.
Analyzing the RNG fundamentals
According to RingCentral Inc [NYSE:RNG], the company’s sales were 2.43B for trailing twelve months, which represents an 4.77% jump. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It is important to note that RingCentral Inc [NYSE:RNG] has a current ratio of 0.50. In addition, the Quick Ratio stands at 0.50 and the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.00.
Transactions by insiders
Recent insider trading involved Shmunis Vladimir, CEO and Chairman, that happened on May 21 ’25 when 94956.0 shares were sold. CEO and Chairman, Shmunis Vladimir completed a deal on May 22 ’25 to sell 54899.0 shares. Meanwhile, CTrO and Deputy CFO Agarwal Vaibhav sold 14969.0 shares on May 21 ’25.
