RingCentral Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 71 out of 480 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 37.77.In the medium term, the stock price is expected to trend up.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of RingCentral Inc is 7.26, ranking 213 out of 480 in the Software & IT Services industry. Its financial status is weak, and its operating efficiency is average. Its latest quarterly revenue reached 644.03M, representing a year-over-year increase of 4.80%, while its net profit experienced a year-over-year increase of 419.52%.
Key Metrics
The current valuation score of RingCentral Inc is 6.56, ranking 359 out of 480 in the Software & IT Services industry. Its current P/E ratio is 72.92, which is 194.93% below the recent high of 215.06 and 427.16% above the recent low of -238.56.
The current earnings forecast score of RingCentral Inc is 6.94, ranking 324 out of 480 in the Software & IT Services industry. The average price target is 32.00, with a high of 52.12 and a low of 27.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of RingCentral Inc is 6.63, ranking 211 out of 480 in the Software & IT Services industry. Currently, the stock price is trading between the resistance level at 40.34 and the support level at 32.46, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of RingCentral Inc is 10.00, ranking 1 out of 480 in the Software & IT Services industry. The latest institutional shareholding proportion is 113.47%, representing a quarter-over-quarter decrease of 0.92%. The largest institutional shareholder is The Vanguard, holding a total of 8.02M shares, representing 10.80% of shares outstanding, with 25.37% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Software & IT Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of RingCentral Inc is 7.38, ranking 83 out of 480 in the Software & IT Services industry. The company's beta value is 1.17. This indicates that the stock tends to outperform the index during upward trending markets but experiences larger declines during downward trending markets. with an industry-leading ESG disclosure.
