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RingCentral, Inc is a software—application business based in the US. RingCentral shares (RNG) are listed on the NYSE and all prices are listed in US Dollars. RingCentral employs 2,363 staff and has a trailing 12-month revenue of around USD$1 billion.
Since the stock market crash in March caused by coronavirus, RingCentral's share price has had significant positive movement.
Its last market close was USD$279.95, which is 15.73% up on its pre-crash value of USD$235.91 and 107.60% up on the lowest point reached during the March crash when the shares fell as low as USD$134.85.
If you had bought USD$1,000 worth of RingCentral shares at the start of February 2020, those shares would have been worth USD$931.13 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,360.56.
|Latest market close||USD$279.95|
|52-week range||USD$134.85 - USD$317.84|
|50-day moving average||USD$273.6723|
|200-day moving average||USD$267.6679|
|Wall St. target price||USD$342.68|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-0.38|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-10-15)||1.30%|
|1 month (2020-09-22)||4.14%|
|3 months (2020-07-22)||-0.67%|
|6 months (2020-04-22)||14.66%|
|1 year (2019-10-22)||82.50%|
|2 years (2018-10-22)||258.04%|
|3 years (2017-10-20)||557.93%|
|5 years (2015-10-22)||1,365.71%|
Valuing RingCentral stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of RingCentral's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
RingCentral's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 7.1892. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into RingCentral's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
RingCentral's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$8.6 million.
The EBITDA is a measure of a RingCentral's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1 billion|
|Gross profit TTM||USD$671.8 million|
|Return on assets TTM||-3.07%|
|Return on equity TTM||-21.9%|
|Market capitalisation||USD$26.2 billion|
TTM: trailing 12 months
There are currently 6.1 million RingCentral shares held short by investors – that's known as RingCentral's "short interest". This figure is 5.6% up from 5.8 million last month.
There are a few different ways that this level of interest in shorting RingCentral shares can be evaluated.
RingCentral's "short interest ratio" (SIR) is the quantity of RingCentral shares currently shorted divided by the average quantity of RingCentral shares traded daily (recently around 1.2 million). RingCentral's SIR currently stands at 5.26. In other words for every 100,000 RingCentral shares traded daily on the market, roughly 5260 shares are currently held short.
However RingCentral's short interest can also be evaluated against the total number of RingCentral shares, or, against the total number of tradable RingCentral shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case RingCentral's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 RingCentral shares in existence, roughly 70 shares are currently held short) or 0.091% of the tradable shares (for every 100,000 tradable RingCentral shares, roughly 91 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against RingCentral.
Find out more about how you can short RingCentral stock.
We're not expecting RingCentral to pay a dividend over the next 12 months.
Over the last 12 months, RingCentral's shares have ranged in value from as little as $134.85 up to $317.84. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while RingCentral's is 0.5218. This would suggest that RingCentral's shares are less volatile than average (for this exchange).
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 Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. Its products also comprise RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office; and RingCentral Meetings, a collaborative meetings solution that offers web meetings, video conferencing, and screen sharing. In addition, the company offers RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers; RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has a strategic partnership with Alcatel-Lucent Enterprise to offers Rainbow Office, a cloud solution. The company was incorporated in 1999 and is headquartered in Belmont, California.
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