Is RingCentral Inc. (NYSE: RNG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

RNG belongs to the Technology sector of the NYSE while operating in the Software – Application industry. The current market capitalization of RingCentral Inc. is $3.10B. A total of 1.17 million shares were traded on the day, compared to an average of 1.23M shares.

In the most recent transaction, AZIZ MEGJI bought 965 shares of RNG for 33.96 per share on Aug 16 ’24. In a previous transaction on Aug 09 ’24, THEIS ROBERT I bought 8,448 shares at 34.50 per share.

Among the insiders who sold shares, Agarwal Vaibhav disposed of 1,985 shares on Jul 01 ’24 at a per-share price of $28.20. This resulted in the DEPUTY CHIEF FINANCIAL OFFICER holding 156,799 shares of RNG after the transaction. In another insider transaction, Parekh Sonalee Elizabeth sold 8,478 shares at $34.85 per share on May 28 ’24. Company shares held by the CHIEF FINANCIAL OFFICER now total 388,919.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, RNG has a high of $38.35 and a low of $25.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RNG’s latest balance sheet shows that the firm has $267.16M in Cash & Short Term Investments as of fiscal 2021. There were $1.45B in debt and $526.27M in liabilities at the time. Its Book Value Per Share was -$5.75, while its Total Shareholder’s Equity was $338.97M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RNG is Buy with a score of 3.81.

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