A share price of RingCentral Inc [RNG] is currently trading at $28.35, up 2.02%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RNG shares have gain 6.78% over the last week, with a monthly amount glided 9.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On January 27, 2025, downgrade downgraded it’s rating to Equal Weight and revised its price target to $37 on the stock. Wells Fargo downgraded its rating to a Underweight and decreased its price target to $30 on January 07, 2025. Raymond James downgraded its rating to a Outperform and reduced its price target to $45 on January 03, 2025. Mizuho downgraded its rating to Neutral for this stock on December 13, 2024, but kept the price target unchanged to $42. In a note dated August 02, 2024, Rosenblatt upgraded an Buy rating on this stock but restated the target price of $45.
RingCentral Inc experienced fluctuations in its stock price throughout the past year 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 $28.35 at the most recent close of the market. An investor can expect a potential return of 32.28% based on the average RNG price forecast.
Analyzing the RNG fundamentals
Trailing Twelve Months sales for RingCentral Inc [NYSE:RNG] were 2.43B which represents 4.77% growth. 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. The company’s stock is currently sitting at 27.93 points at the first support level, and at 27.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.59, and for the 2nd resistance point, it is at 28.82.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RingCentral Inc [NYSE:RNG] is 0.50. Further, the Quick Ratio stands at 0.50, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.05.
Transactions by insiders
Recent insider trading involved Arora Tarun, Chief Accounting Officer, that happened on Jun 27 ’25 when 7776.0 shares were sold. President and COO, Makagon Kira completed a deal on Jun 27 ’25 to sell 21185.0 shares. Meanwhile, Officer Makagon Kira bought 27055.0 shares on Jun 27 ’25.
