During the last session, RingCentral Inc (NYSE:RNG)’s traded shares were 0.81 million, with the beta value of the company hitting 1.28. At the end of the trading day, the stock’s price was $25.93, reflecting an intraday loss of -0.19% or -$0.05. The 52-week high for the RNG share is $42.19, that puts it down -62.71 from that peak though still a striking 20.63% gain since the share price plummeted to a 52-week low of $20.58. The company’s market capitalization is $2.33B, and the average trade volume was 1.44 million shares over the past three months.
RingCentral Inc (RNG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.35. RNG has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 9 recommend a Buy rating for it.
RingCentral Inc (NYSE:RNG) trade information
RingCentral Inc (RNG) registered a -0.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.19% in intraday trading to $25.93, hitting a weekly high. The stock’s 5-day price performance is -2.34%, and it has moved by 1.69% in 30 days. Based on these gigs, the overall price performance for the year is -25.45%.
The consensus price target of analysts on Wall Street is $37.5, which implies an increase of 30.85% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30 and $45 respectively. As a result, RNG is trading at a discount of -73.54% off the target high and -15.7% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.38%. While earnings are projected to return 13.85% in 2025, the next five years will return 11.24% per annum.
RNG Dividends
RingCentral Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.86 million shares, is of CAPITAL WORLD INVESTORS’s that is approximately 10.6341% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $278.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of RingCentral Inc (RNG) shares are Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati and SMALLCAP WORLD FUND INC . Data provided on Feb 28, 2025 indicates that Columbia Fd.s Series TRT II-Columbia Seligman Technology and Informati owns about 4.35 shares. This amounts to just over 5.43 percent of the company’s overall shares, with a $112.9 million market value. The same data shows that the other fund manager holds slightly less at 3.1, or about 3.87% of the stock, which is worth about $80.48 million.
