RingCentral Inc. (NYSE:RNG) went up by 3.07% from its latest closing price compared to the recent 1-year high of $449.00. The company’s stock price has collected 1.98% of gains in the last five trading sessions. Barron’s reported on 06/08/21 that Cisco Relaunches Webex With New Branding and New Focus on Hybrid Meetings
Is It Worth Investing in RingCentral Inc. (NYSE :RNG) Right Now?
Plus, the 36-month beta value for RNG is at 0.70. Opinions of the stock are interesting as 21 analysts out of 26 who provided ratings for RingCentral Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $423.73, which is $166.64 above the current price. RNG currently public float of 79.78M and currently shorts hold a 6.01% ratio of that float. Today, the average trading volume of RNG was 1.10M shares.
RNG’s Market Performance
RNG stocks went up by 1.98% for the week, with a monthly jump of 0.34% and a quarterly performance of -21.91%, while its annual performance rate touched 1.10%. The volatility ratio for the week stands at 3.68% while the volatility levels for the past 30 days are set at 4.40% for RingCentral Inc.. The simple moving average for the period of the last 20 days is 4.11% for RNG stocks with a simple moving average of -17.57% for the last 200 days.
Analysts’ Opinion of RNG
Many brokerage firms have already submitted their reports for RNG stocks, with UBS repeating the rating for RNG by listing it as a “Neutral.” The predicted price for RNG in the upcoming period, according to UBS is $275 based on the research report published on May 27th of the current year 2021.
BofA Securities gave a rating of “Buy” to RNG, setting the target price at $450 in the report published on April 20th of the current year.
RNG Trading at -8.46% from the 50-Day Moving Average
After a stumble in the market that brought RNG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.81% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares sank -1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.90% lower at present.
During the last 5 trading sessions, RNG rose by +1.98%, which changed the moving average for the period of 200-days by -10.39% in comparison to the 20-day moving average, which settled at $250.68. In addition, RingCentral Inc. saw -31.06% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RNG starting from Dhruv Mitesh, who sale 272 shares at the price of $262.00 back on Jun 01. After this action, Dhruv Mitesh now owns 172,128 shares of RingCentral Inc., valued at $71,264 using the latest closing price.
THEIS ROBERT I, the Director of RingCentral Inc., sale 2,000 shares at $260.66 during a trade that took place back on May 27, which means that THEIS ROBERT I is holding 19,978 shares at $521,320 based on the most recent closing price.
Stock Fundamentals for RNG
Current profitability levels for the company are sitting at:
- -9.33 for the present operating margin
- +72.66 for the gross margin
The net margin for RingCentral Inc. stands at -7.01. The total capital return value is set at -7.49, while invested capital returns managed to touch -5.75. Equity return is now at value -6.50, with -1.10 for asset returns.
Based on RingCentral Inc. (RNG), the company’s capital structure generated 468.05 points at debt to equity in total, while total debt to capital is 82.40. Total debt to assets is 66.90, with long-term debt to equity ratio resting at 458.42. Finally, the long-term debt to capital ratio is 79.72.
When we switch over and look at the enterprise to sales, we see a ratio of 29.09, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 7.74 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.