As of Friday close, RingCentral Inc.’s (NYSE:RNG) stock was up $7.33, moving up 11.83 percent to $69.30. The average number of shares traded per day over the past five days has been 3,578,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$7.11 fall in that time frame. In the last twenty days, the average volume was 1,901,370, while in the previous 50 days, it was 1,450,990.
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Since last month, RNG stock retreated -37.14%. Shares of the company fell to $59.04 on 05/12/22, the lowest level in the past month. A 52-week high of $315.00 was reached on 01/12/22 after having rallying from a 52-week low of $59.04. Since the beginning of this year, RNG’s stock price has dropped by -63.01% or -$118.05, and marked a new high 2 times. However, the stock has declined by -78.00% since its 52-week high.
RingCentral Inc. (RNG) last reported insider trading activity 3 days ago on May 11. Agarwal Vaibhav, the Interim CFO, CAO of the company, disposed of 10,443 shares for $67.59 on May 11. It resulted in a $705,840 divestment by the insider. Katibeh Mohammed sold 1,846 shares at an average price of $67.60 on May 11. The insider now owns 110,098 shares following the transaction. On Mar 01, Director Williams R Neil sold 30,000 shares at $127.97 apiece. The transaction was valued at $3,838,985.
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 4.37, the price-to-book (PB) ratio of 19.09, and the price-to-cash flow ratio of 56.53 may also be considered.
In the three months ended September 29, RingCentral Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 4.13, and the total debt-to-equity ratio was 4.13. On the profitability front, the trailing twelve-month gross margin is 71.90% percent. In the year ended September 29, operating margins totaled -18.90%. Based on annual data, RNG earned $1.15 billion in gross profit and brought in $1.59 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -17.50%. Return on equity (ROE) for the past 12 months was -217.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RNG’s revenue rose 24.65% to $448.5 million during the quarter, while net income inched up to $467.66 million. While analysts expected RingCentral Inc. to report $0.33 quarterly earnings, the actual figure was $0.36 per share, beating the consensus estimate by 9.10%. During the quarter, the company generated -$18.32 million in EBITDA. The liabilities of RingCentral Inc. were 2.52 billion at the end of its most recent quarter ended September 29, and its total debt was $1.43 billion. The value of shareholders’ equity is $94.9 million.
This quick technical analysis looks at RingCentral Inc.’s (RNG) price momentum. With a historical volatility rate of 108.15%, the RSI 9-day stood at 33.80% on 13 May.
With respect to its five-day moving average, the current RingCentral Inc. price is down by -9.31% percent or -$7.11. At present, RNG shares trade -35.00% below its 20-day simple moving average and -63.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.04% below its SMA50 and -73.75% below its SMA200.
Stochastic coefficient K was 13.11% and Stochastic coefficient D was 6.97%, while ATR was 6.91. Given the Stochastic reading of 30.65% for the 14-day period, the RSI (14) reading has been calculated as 32.31%. As of today, the MACD Oscillator reading stands at -9.19, while the 14-day reading stands at -13.55.