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Last Price: 31.14 - Change: 0.92 - Change %: 3.0443
02/23/2024 16:10:00 EST

Ringcentral Inc (RNG)

Industry: Software - Application

Price Support Resistance

In the past 20 trading days, RNG has been trading in a range between $36.19 and $30.64 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Ringcentral Inc (RNG) entered a Red zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $44.68, a potential upside of 43.48% from the recent price of 31.14. Our AI powered stock target predictor currently has a target price of $516.61 a potential move of 1559%. The stock is trading 38.99% (potential upside) below its 52 week high of $43.28 and 24.21 % (potential downside) above its 52 week low of $25.07 - based on the recent price.

Company Summary

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.

RNG Website

News

RingCentral to Present at Upcoming Investor Conferences
BELMONT, Calif.--(BUSINESS WIRE)---- $RNG--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that members of its management team are scheduled to present at the following investor conferences: J.P. Morgan 2024 Global High Yield and Leveraged Finance Conference Date: Monday, February 26, 2024 Time: 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) Morgan Stanley Technology, Media & Telecom Con.
Source: Business Wire
Thu, 22 Feb 2024 16:05:00 -0500
Sentiment: Neutral
Here's Why RingCentral (RNG) is a Strong Growth Stock
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Source: Zacks Investment Research
Thu, 22 Feb 2024 10:51:14 -0500
Sentiment: Positive
RingCentral (RNG) Q4 Earnings Top Estimates, Revenues Up Y/Y
RingCentral's (RNG) Q4 results benefit from strong subscription revenue growth, driven by strong subscription revenues.
Source: Zacks Investment Research
Wed, 21 Feb 2024 13:01:23 -0500
Sentiment: Positive
RingCentral, Inc. (RNG) Q4 2023 Earnings Call Transcript
RingCentral, Inc. (RNG) Q4 2023 Earnings Call Transcript
Source: Seeking Alpha
Tue, 20 Feb 2024 21:36:03 -0500
Sentiment: Neutral
Here's What Key Metrics Tell Us About RingCentral (RNG) Q4 Earnings
While the top- and bottom-line numbers for RingCentral (RNG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Source: Zacks Investment Research
Tue, 20 Feb 2024 20:01:11 -0500
Sentiment: Neutral
Instituions Institution %: 102.136
Last QTR Institution change: 16846708

Insiders
Insiders %: 1.039
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 311313
Insiders Net last QTR: -311313

Analyst Ratings
Target Price: 44.68
Overall Rating: 3.7778
Strong Buys (5): 9
Buys (4): 3
Holds (3): 15
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 43.28
52 Week Low: 25.075
Beta: 0.946
50 Day MA: 33.296
200 Day MA: 31.9669

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.089
Forward PE: 8.726
Trailing PE: 0

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