RingCentral Inc. Cl A (RNG): Price and Financial Metrics
RNG Price/Volume Stats
Current price | $30.64 | 52-week high | $43.28 |
Prev. close | $32.93 | 52-week low | $25.08 |
Day low | $30.52 | Volume | 2,408,100 |
Day high | $32.20 | Avg. volume | 1,123,830 |
50-day MA | $33.41 | Dividend yield | N/A |
200-day MA | $31.89 | Market Cap | 2.87B |
RNG Stock Price Chart Interactive Chart >
RNG POWR Grades
- Value is the dimension where RNG ranks best; there it ranks ahead of 92.59% of US stocks.
- The strongest trend for RNG is in Growth, which has been heading down over the past 26 weeks.
- RNG ranks lowest in Sentiment; there it ranks in the 5th percentile.
RNG Stock Summary
- RINGCENTRAL INC's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than just 3.08% of US listed stocks.
- Equity multiplier, or assets relative to shareholders' equity, comes in at -4.32 for RINGCENTRAL INC; that's greater than it is for only 3.9% of US stocks.
- In terms of twelve month growth in earnings before interest and taxes, RINGCENTRAL INC is reporting a growth rate of -45.93%; that's higher than 27.11% of US stocks.
- Stocks that are quantitatively similar to RNG, based on their financial statements, market capitalization, and price volatility, are OWLT, CSTL, BYND, QTRX, and LAB.
- Visit RNG's SEC page to see the company's official filings. To visit the company's web site, go to www.ringcentral.com.
RNG Valuation Summary
- In comparison to the median Technology stock, RNG's price/sales ratio is 37.5% lower, now standing at 1.5.
- Over the past 124 months, RNG's price/sales ratio has gone down 6.6.
Below are key valuation metrics over time for RNG.
Stock | Date | P/S | P/B | P/E | EV/EBIT |
---|---|---|---|---|---|
RNG | 2023-12-08 | 1.5 | -6.6 | -8.0 | -12.3 |
RNG | 2023-12-07 | 1.4 | -6.3 | -7.6 | -12.0 |
RNG | 2023-12-06 | 1.4 | -6.1 | -7.3 | -11.6 |
RNG | 2023-12-05 | 1.3 | -6.0 | -7.2 | -11.5 |
RNG | 2023-12-04 | 1.4 | -6.2 | -7.5 | -11.8 |
RNG | 2023-12-01 | 1.3 | -6.0 | -7.2 | -11.5 |
RNG Growth Metrics
- The 5 year revenue growth rate now stands at 139.24%.
- Its year over year cash and equivalents growth rate is now at -34.8%.
- Its 4 year net cashflow from operations growth rate is now at 71.73%.
The table below shows RNG's growth in key financial areas (numbers in millions of US dollars).
Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
---|---|---|---|
2022-09-30 | 1,912.08 | 199.584 | -713.46 |
2022-06-30 | 1,817.677 | 200.353 | -575.595 |
2022-03-31 | 1,710.054 | 174.191 | -527.036 |
2021-12-31 | 1,594.754 | 152.151 | -376.25 |
2021-09-30 | 1,480.794 | 102.016 | -259.72 |
2021-06-30 | 1,369.789 | -13.829 | -133.926 |
RNG's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- RNG has a Quality Grade of C, ranking ahead of 30.24% of graded US stocks.
- RNG's asset turnover comes in at 0.657 -- ranking 246th of 563 Business Services stocks.
- FIVN, VRSN, and SFUN are the stocks whose asset turnover ratios are most correlated with RNG.
The table below shows RNG's key quality metrics over time.
Period | Asset Turnover | Gross Margin | ROIC |
---|---|---|---|
2021-06-30 | 0.657 | 0.726 | -0.030 |
2021-03-31 | 0.609 | 0.726 | 0.017 |
2020-12-31 | 0.582 | 0.727 | -0.016 |
2020-09-30 | 0.595 | 0.728 | -0.040 |
2020-06-30 | 0.650 | 0.732 | -0.054 |
2020-03-31 | 0.718 | 0.738 | -0.089 |
RNG Price Target
For more insight on analysts targets of RNG, see our RNG price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
Average Price Target | $408.65 | Average Broker Recommendation | 1.38 (Strong Buy) |
RingCentral Inc. Cl A (RNG) Company Bio
RingCentral, Inc. is an American publicly traded provider of cloud-based communication and collaboration products and services for businesses. (Source:Wikipedia)
Latest RNG News From Around the Web
Below are the latest news stories about RINGCENTRAL INC that investors may wish to consider to help them evaluate RNG as an investment opportunity.
RingCentral Announces Repurchase of Approximately $253 Million of Convertible NotesBELMONT, Calif., December 13, 2023--RingCentral, Inc. ("RingCentral" or the "Company") (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that it has entered into individual, privately negotiated repurchase transactions (the "Note Repurchases") with certain holders of the Company’s 0% Convertible Senior Notes due 2025 (the "2025 Convertible Notes"). |
Is RingCentral, Inc. (NYSE:RNG) Trading At A 41% Discount?Key Insights The projected fair value for RingCentral is US$53.05 based on 2 Stage Free Cash Flow to Equity Current... |
Nike, Broadcom, Ring Central: Trending tickersCiti upgraded Nike (NKE) from "Neutral" to "Buy" and lifted its price target, citing margin recovery, innovation ahead of the 2024 Olympics and its China position. The move comes ahead of Nike's fiscal second quarter 2024 results, which will be released on Thursday, December 21 after the market close. Broadcom (AVGO) shares rose after Citi resumed coverage with a "Buy" rating. Broadcom's VMware deal and core strengths, plus AI opportunity, underpin Citi's bullish view. Broadcom has gained more than 80% year-to-date. RingCentral (RNG) CEO Tarek Robbiati resigned effective December 8th. Founder Vlad Shmunis returns as CEO, replacing Robbiati who assumed the role in late August after serving as CFO of Hewlett Packard Enterprise. Yahoo Finance's Julie Hyman and Josh Lipton break down the d... |
Why RingCentral (RNG) Stock Is NosedivingShares of office and call centre communications software provider RingCentral (NYSE:RNG) fell 6.1% in the morning session after the company announced that Tarek Robbiati, previously serving as CEO, has mutually agreed to separate from the company and resign from the Board of Directors, effective December 8, 2023. The resignation is stated to be amicable and not due to any disagreement with the company or the board. RingCentral's founder, Vlad Shmunis, has resumed the role of Chief Executive Offi |
RingCentral CEO Robbiati Resigns and Is Replaced by Founder Shmunis. The Stock Is Tumbling.CEO Tarek Robbiati resigns from the company and its board, just four months after his appointment to the job. |
RNG Price Returns
1-mo | -11.03% |
3-mo | 6.32% |
6-mo | 7.02% |
1-year | -17.12% |
3-year | -92.83% |
5-year | -70.51% |
YTD | -9.75% |
2023 | -4.10% |
2022 | -81.10% |
2021 | -50.56% |
2020 | 124.68% |
2019 | 104.60% |
Continue Researching RNG
Want to do more research on RingCentral Inc's stock and its price? Try the links below:RingCentral Inc (RNG) Stock Price | Nasdaq
RingCentral Inc (RNG) Stock Quote, History and News - Yahoo Finance
RingCentral Inc (RNG) Stock Price and Basic Information | MarketWatch
Loading social stream, please wait...