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RingCentral (RNG)
NYSE:RNG
RingCentral (RNG) Stock Price & Analysis
2,381 Followers
RNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.08 - $49.32
Previous Close$28.46
Volume1.76M
Average Volume (3M)1.16M
Market Cap
$2.67B
Enterprise Value$4.49B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$1.82B
Price to Earnings (P/E)-6.8
Beta2.05
Next Earnings
Feb 12, 2024EPS Estimate
$0.82Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.21
Shares Outstanding93,747,066
10 Day Avg. Volume1,460,918
30 Day Avg. Volume1,158,329
Standard Deviation0.14
R-Squared0.12
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-2.77
Price to Sales (P/S)1.23
Price to Cash Flow (P/CF)7.90
P/FCF Ratio8.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit3.33
Enterprise Value/Ebitda-255.50
Forecast
1Y Price Target
$39.29Price Target Upside38.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering17
RingCentral News
Ownership Overview
3.48% Insiders
34.96% Mutual Funds
57.24% Other Institutional Investors
4.32% Public Companies and Individual Investors
RNG FAQ
What was RingCentral’s price range in the past 12 months?
RingCentral lowest stock price was $25.07 and its highest was $49.32 in the past 12 months.
What is RingCentral’s market cap?
Currently, no data Available
When is RingCentral’s upcoming earnings report date?
RingCentral’s upcoming earnings report date is Feb 12, 2024 which is in 73 days.
How were RingCentral’s earnings last quarter?
RingCentral released its earnings results on Nov 06, 2023. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.02.
Is RingCentral overvalued?
According to Wall Street analysts RingCentral’s price is currently Undervalued.
Does RingCentral pay dividends?
RingCentral does not currently pay dividends.
What is RingCentral’s EPS estimate?
RingCentral’s EPS estimate is $0.82.
How many shares outstanding does RingCentral have?
RingCentral has 83,822,525 shares outstanding.
What happened to RingCentral’s price movement after its last earnings report?
RingCentral reported an EPS of $0.78 in its last earnings report, beating expectations of $0.76. Following the earnings report the stock price went up 2.69%.
Which hedge fund is a major shareholder of RingCentral?
Among the largest hedge funds holding RingCentral’s share is No Street GP LP. It holds RingCentral’s shares valued at 55M.
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RingCentral Stock Smart Score
Underperform
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$39.29 (38.05% Upside)
$39.29 (38.05% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 592.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Neutral
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.20%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-5.75%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
RingCentral
Founded in 1999, California-based RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company's products include RingCentral Professional, RingCentral Office, RingCentral Glip, and RingCentral Fax.
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Top 5 ETFs holding RNG
Vanguard Total Stock Market ETF
$66.91M
Vanguard Information Technology ETF
$31.34M
Vanguard Russell 1000 Growth ETF
$1.91M
Vanguard Russell 1000 ETF
$318.99K
Vanguard Russell 3000 ETF
$150.02K
Up to five ETFs with an Outperform Smart Score that hold RNG. The ETFs are listed according to market value of RNG within the ETF
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