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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