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Stock Charts AI Power Rank: 2.6
Power Rank trend -> Falling
10/08/2024 10:57:00 EST
Ringcentral Inc (RNG)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, RNG has been trading in a range between $31.63 and $27.75 (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 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $44.68, a potential upside of 48.49% from the recent price of 30.09. The stock is trading 27.45% (potential upside) below its 52 week high of $38.35 and 20.02 % (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.
News
| RingCentral Stock Price Increases 7% in a Month: Should You Buy It? RNG's shares are driven by a growing client base, robust growth in AI initiatives and an increasing demand for its solutions. Source: Zacks Investment Research Thu, 03 Oct 2024 13:36:21 -0400 Sentiment: Positive |
| Is Ringcentral (RNG) a Great Value Stock Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Source: Zacks Investment Research Wed, 18 Sep 2024 10:46:08 -0400 Sentiment: Positive |
| Here's Why RingCentral (RNG) is a Strong Value Stock Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. Source: Zacks Investment Research Thu, 12 Sep 2024 10:46:35 -0400 Sentiment: Positive |
| Top 3 Tech Stocks You'll Regret Missing In September The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. Source: Benzinga Thu, 12 Sep 2024 06:40:53 -0400 Sentiment: Positive |
| RingCentral Expands Client Base: Should Investors Buy the Stock? RingCentral and Zayo team up to launch Zayo UC+ with RingCentral, an AI-driven UCaaS solution that boosts productivity and enhances customer experiences. Source: Zacks Investment Research Tue, 10 Sep 2024 12:06:10 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 38.35 52 Week Low: 25.075 Beta: 1.031 50 Day MA: 31.937 200 Day MA: 32.5044 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: 0.099 Forward PE: 7.2833 Trailing PE: 0