RingCentral Inc [RNG] stock is trading at $27.21, up 1.00%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RNG shares have gain 1.34% over the last week, with a monthly amount drifted -0.29%, and not 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 [RNG] stock has fluctuated between $20.58 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 $27.21 at the most recent close of the market. An investor can expect a potential return of 37.82% based on the average RNG price forecast.
Analyzing the RNG fundamentals
RingCentral Inc [NYSE:RNG] reported sales of 2.43B for the trailing twelve months, which represents a growth of 4.77%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -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 26.99 points at the first support level, and at 26.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.42, and for the 2nd resistance point, it is at 27.63.
Ratios To Look Out For
For context, RingCentral Inc’s Current Ratio is 0.50. Also, the Quick Ratio is 0.50, while the Cash Ratio stands at 0.13. Considering the valuation of this stock, the price to sales ratio is 1.01.
Transactions by insiders
Recent insider trading involved THEIS ROBERT I, Director, that happened on Jun 04 ’25 when 1458.0 shares were sold. CEO and Chairman, Shmunis Vladimir completed a deal on May 21 ’25 to sell 94956.0 shares. Meanwhile, CEO and Chairman Shmunis Vladimir sold 54899.0 shares on May 22 ’25.
