RNG has 36-month beta value of 1.18. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for RNG is 78.26M, and currently, short sellers hold a 6.59% ratio of that float. The average trading volume of RNG on February 19, 2025 was 1.15M shares.
RNG) stock’s latest price update
The stock of RingCentral Inc (NYSE: RNG) has decreased by -4.90 when compared to last closing price of 33.81. Despite this, the company has experienced a -6.34% fall in its stock price over the last five trading sessions. businesswire.com reported 2025-02-18 that DUBLIN, Ga.–(BUSINESS WIRE)–GreenGasUSA and Darling Ingredients Inc. (NYSE: DAR) today announced the first renewable natural gas (RNG) deliveries from a project located at Darling Ingredients’ rendering facility in Dublin, GA. The project leverages Darling Ingredients’ on-site wastewater streams to upgrade biogas to pipeline-quality RNG, reducing Scope 1 emissions while creating a new revenue stream for Darling Ingredients. The Dublin facility injected RNG into the City of Dublin’s natural ga.
RNG’s Market Performance
RingCentral Inc (RNG) has seen a -6.34% fall in stock performance for the week, with a -4.90% decline in the past month and a -12.48% plunge in the past quarter. The volatility ratio for the week is 3.79%, and the volatility levels for the past 30 days are at 3.53% for RNG. The simple moving average for the past 20 days is -6.96% for RNG’s stock, with a -4.42% simple moving average for the past 200 days.
Analysts’ Opinion of RNG
Many brokerage firms have already submitted their reports for RNG stocks, with Barclays repeating the rating for RNG by listing it as a “Equal Weight.” The predicted price for RNG in the upcoming period, according to Barclays is $37 based on the research report published on January 27, 2025 of the current year 2025.
Wells Fargo, on the other hand, stated in their research note that they expect to see RNG reach a price target of $30, previously predicting the price at $38. The rating they have provided for RNG stocks is “Underweight” according to the report published on January 07th, 2025.
Raymond James gave a rating of “Outperform” to RNG, setting the target price at $45 in the report published on January 03rd of the current year.
RNG Trading at -10.36% 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 -23.79% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -5.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.25% lower at present.
During the last 5 trading sessions, RNG fell by -5.24%, which changed the moving average for the period of 200-days by +8.14% in comparison to the 20-day moving average, which settled at $34.58. In addition, RingCentral Inc saw -8.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RNG starting from 2015 VEN C TRS FBO EDWARD B VE, who proposed sale 8,017 shares at the price of $41.00 back on Dec 13 ’24. After this action, 2015 VEN C TRS FBO EDWARD B VE now owns shares of RingCentral Inc, valued at $328,697 using the latest closing price.
2015 VENDROW C TRT FBO JOSH VE, the 10% Owner of RingCentral Inc, proposed sale 8,018 shares at $41.00 during a trade that took place back on Dec 13 ’24, which means that 2015 VENDROW C TRT FBO JOSH VE is holding shares at $328,738 based on the most recent closing price.
Stock Fundamentals for RNG
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.7 for the gross margin
The net margin for RingCentral Inc stands at -0.04. The total capital return value is set at -0.05.
Based on RingCentral Inc (RNG), the company’s capital structure generated 1.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at -4.57. The interest coverage ratio of the stock is -0.8.
Currently, EBITDA for the company is 133.56 million with net debt to EBITDA at 6.53. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 5.96for trailing twelve months and the total asset turnover is 1.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
To put it simply, RingCentral Inc (RNG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
