Thinking of Investing in RNG? What Our Analysts Know.

Mid-cap Technology company RingCentral has moved 0.4% so far today on a volume of 266,810, compared to its average of 2,126,857. In contrast, the S&P 500 index moved 0.3%

RingCentral trades -41.21% away from its average analyst target price of $63.04 per share. The 26 analysts following the stock have set target prices ranging from $31 to $252, and on average have given RingCentral a rating of buy.

Below are some factors that could be affecting the stocks's performance and analyst recommendation:

  • RingCentral has moved -86.6% over the last year, and the S&P 500 logged a change of -15.5%

  • Based on its trailing earning per share of -5.68, RingCentral has a trailing 12 month Price to Earnings (P/E) ratio of -6.5 while the S&P 500 average is 15.97

  • RNG has a forward P/E ratio of 13.3 based on its forward 12 month price to earnings (Eps) is $2.78 per share

  • The company has a price to earnings growth (PEG) ratio of 0.53 -- a number near or below 1 signifying that RingCentral is fairly valued compared to its estimated growth potential

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Based in Belmont, the company has 3,919 full time employees and a market cap of $3,532,511,232.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.