RingCentral Inc. Cl A (RNG): Price and Financial Metrics

RingCentral Inc. Cl A (RNG): $30.64

2.29 (-6.95%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

B

Add RNG to Watchlist
Sign Up

Industry: Software - Business

Industry

B

Ranked

#10 of 43

in industry

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%.
RNG's revenue has moved up $1,009,222,000 over the prior 33 months.

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)


RNG Latest News Stream


Event/Time News Detail
Loading, please wait...

RNG Latest Social Stream


Loading social stream, please wait...

View Full RNG Social Stream

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 Notes

BELMONT, 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").

Yahoo | December 13, 2023

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...

Yahoo | December 13, 2023

Nike, Broadcom, Ring Central: Trending tickers

Citi 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...

Yahoo | December 11, 2023

Why RingCentral (RNG) Stock Is Nosediving

Shares 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

Yahoo | December 11, 2023

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.

Yahoo | December 11, 2023

Read More 'RNG' Stories Here

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%

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!