Ringcentral Stock Today

RNG Stock  USD 34.74  0.14  0.40%   

Performance

2 of 100

 
Low
 
High
Weak

Odds Of Distress

Less than 38

 
100  
 
Zero
Below Average
Ringcentral is trading at 34.74 as of the 29th of March 2024. This is a -0.4 percent decrease since the beginning of the trading day. The stock's lowest day price was 34.51. Ringcentral has about a 38 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ringcentral are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
27th of September 2013
Category
Technology
Classification
Information Technology
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company was incorporated in 1999 and is headquartered in Belmont, California. Ringcentral operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. The company has 82.39 M outstanding shares of which 4.5 M shares are at this time shorted by investors with about 3.11 days to cover. More on Ringcentral

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Ringcentral Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ringcentral's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ringcentral or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ChairmanVladimir Shmunis
Old NameReliant Gold Corp
Business ConcentrationApplication Software, Software - Application, Information Technology, NYSE Composite, ISE Cloud Computing, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Ringcentral report their recommendations after researching Ringcentral's financial statements, talking to executives and customers, or listening in on Ringcentral's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ringcentral. The Ringcentral consensus assessment is calculated by taking the average forecast from all of the analysts covering Ringcentral.
Ringcentral's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ringcentral's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ringcentral's financial leverage. It provides some insight into what part of Ringcentral's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Ringcentral's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Ringcentral deploys its capital and how much of that capital is borrowed.
Liquidity
Ringcentral cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.79 B in debt. Ringcentral has a current ratio of 1.17, demonstrating that it may have difficulties to pay its financial commitments when the payables are due. Debt can assist Ringcentral until it has trouble settling it off, either with new capital or with free cash flow. So, Ringcentral's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ringcentral sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ringcentral to invest in growth at high rates of return. When we think about Ringcentral's use of debt, we should always consider it together with cash and equity.

Stock Based Compensation

448.01 Million
Ringcentral (RNG) is traded on New York Stock Exchange in USA. It is located in 20 Davis Drive, Belmont, CA, United States, 94002 and employs 4,084 people. Ringcentral is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.22 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ringcentral's market, we take the total number of its shares issued and multiply it by Ringcentral's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ringcentral runs under Software sector within Information Technology industry. The entity has 82.39 M outstanding shares of which 4.5 M shares are at this time shorted by investors with about 3.11 days to cover. Ringcentral has about 269.98 M in cash with 420.5 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.21.
Check Ringcentral Probability Of Bankruptcy
Ownership Allocation
Ringcentral has a total of 82.39 Million outstanding shares. The majority of Ringcentral outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Ringcentral to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ringcentral. Please pay attention to any change in the institutional holdings of Ringcentral as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Ringcentral Ownership Details

Ringcentral Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Ringcentral jumping above the current price in 90 days from now is about 26.95%. The Ringcentral probability density function shows the probability of Ringcentral stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 2.2464 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ringcentral will likely underperform. Additionally, ringcentral has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 34.74HorizonTargetOdds Above 34.74
72.85%90 days
 34.74 
26.95%
Based on a normal probability distribution, the odds of Ringcentral to move above the current price in 90 days from now is about 26.95 (This Ringcentral probability density function shows the probability of Ringcentral Stock to fall within a particular range of prices over 90 days) .

Ringcentral Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Ringcentral that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ringcentral's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ringcentral's value.
InstituionRecorded OnShares
No Street Gp Lp2023-09-30
1.9 M
Renaissance Technologies Corp2023-12-31
1.6 M
Alkeon Capital Management, Llc2023-12-31
1.5 M
Greenhouse Funds Lllp2023-09-30
1.4 M
Geode Capital Management, Llc2023-09-30
1.2 M
Norges Bank2023-12-31
897.5 K
Bank Of America Corp2023-09-30
787.9 K
Charles Schwab Investment Management Inc2023-09-30
730.2 K
Bank Of New York Mellon Corp2023-09-30
678 K
Capital World Investors2023-12-31
11.3 M
Vanguard Group Inc2023-09-30
10 M
View Ringcentral Diagnostics

Ringcentral Historical Income Statement

Ringcentral Income Statement is one of the three primary financial statements used for reporting Ringcentral's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ringcentral revenue and expense. Ringcentral Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Ringcentral's Selling General Administrative is most likely to increase significantly in the upcoming years. The Ringcentral's current Selling And Marketing Expenses is estimated to increase to about 1.1 B, while EBIT is forecasted to increase to (169.5 M). View More Fundamentals

Ringcentral Stock Against Markets

Picking the right benchmark for Ringcentral stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ringcentral stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ringcentral is critical whether you are bullish or bearish towards Ringcentral at a given time. Please also check how Ringcentral's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ringcentral without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Odds Of Bankruptcy

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Ringcentral Corporate Directors

Ringcentral corporate directors refer to members of a Ringcentral board of directors. The board of directors generally takes responsibility for the Ringcentral's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ringcentral's board members must vote for the resolution. The Ringcentral board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Michelle McKennaDoyleIndependent DirectorProfile
Michelle McKennaIndependent DirectorsProfile
Robert TheisLead Independent DirectorProfile
Godfrey SullivanIndependent DirectorProfile

How to buy Ringcentral Stock?

Before investing in Ringcentral, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ringcentral. To buy Ringcentral stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ringcentral. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Ringcentral stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Ringcentral stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Ringcentral stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ringcentral, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ringcentral Stock please use our How to Invest in Ringcentral guide.

Already Invested in Ringcentral?

The danger of trading Ringcentral is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ringcentral is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ringcentral. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ringcentral is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Ringcentral's price analysis, check to measure Ringcentral's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ringcentral is operating at the current time. Most of Ringcentral's value examination focuses on studying past and present price action to predict the probability of Ringcentral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringcentral's price. Additionally, you may evaluate how the addition of Ringcentral to your portfolios can decrease your overall portfolio volatility.
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Is Ringcentral's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.74)
Revenue Per Share
23.205
Quarterly Revenue Growth
0.089
Return On Assets
(0.06)
Return On Equity
(6.89)
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.