Barclays has recently reduced RingCentral Inc (RNG) stock to Equal Weight rating, as announced on January 27, 2025, according to Finviz. Earlier, on January 7, 2025, Wells Fargo had reduced the stock from a Equal Weight to Underweight, setting a price target of $30 for RNG stock. Raymond James also reduced Outperform rating with a price target of $45. Additionally, Mizuho reduced Neutral rating on December 13, 2024, with a target price of $42. Rosenblatt analysts, in their report published on August 2, 2024, also raised Buy rating for RingCentral Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
RingCentral Inc (RNG) Stock Trading Recap
On Thursday, RingCentral Inc (RNG) stock saw a modest uptick, ending the day at $25.01 which represents a slight increase of $1.50 or 6.38% from the prior close of $23.51. The stock opened at $23.98 and touched a low of $23.72 during the day, reaching a high of $25.13. The volume of shares traded was 0.84 million falling short of the average volume of 1.59 million.
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RNG Stock Performance and Moving Averages
In recent trading, RingCentral Inc (RNG) stock price has shown some volatility, fluctuating 10.91% over the last five trades and -10.17% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -26.66%, and it has plunged by -27.28% in the previous three months. Currently, RNG is trading at 5.54%, -6.57%, and -22.42% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, RNG, a Technology sector stock, is trading -40.72% below its 52-week high but remains 21.50% above its 52-week low. The Average True Range (ATR) (14 days) of 1.29 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
RingCentral Inc’s Profitability and Valuation Ratios
RingCentral Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 0.58% and a profit margin of -2.43%, with a gross margin of -26.66%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, RingCentral Inc’s market capitalization stands at $2.27 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 5.35. Additionally, the Price-to-Sales Ratio is 0.95, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 13.11% of RingCentral Inc (RNG)’s shares, while financial institutions hold 91.21%.
Notable insider trades include Agarwal Vaibhav, CTrO and Deputy CFO at RingCentral Inc (RNG), who sold 24,784 shares on Feb 28 ’25, at $28.63 each, totaling $0.71 million. On Feb 24 ’25, Marlow John H, SVP, CAdO & GENERAL COUNSEL, sold 35,089 shares for $28.56 each, amounting to $1.00 million. Additionally, on Feb 21 ’25, Marlow John H sold 22,979 shares at $28.82 each, generating $0.66 million.
