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Analysis
RingCentral, Inc. (RNG)
RingCentral, Inc. (RNG)
Ranking:
Buy
Implies positive momentum
Stock Name: RingCentral, Inc.
Symbol: RNG
Market Cap: $3.32B
Industry: Software - Application
Sector: Technology
Website: https://www.ringcentral.com
About RingCentral, Inc.

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers Please visit their website for more information.

Overview:
Last Close: $36.21
52 Week: $26.33-$38.80
MVA50: 33.56
MVA200: 32.53
RSI: 70.93
Buy/Sell*: 65.82
1-Month change: 15.24%
3-Month change: 21.98%
*Proprietary Buy Sell Volume Indicator
Price Chart For RNG
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $609M
Revenue Growth (YOY): 9.07%
Profit (% of Rev): 70.30%
Income (% of Rev): -1.29%
Income Growth (YOY): -81.35%
Operating Income: $-2M
Operating Cash Flow: $129M
Operating Cash Flow Growth (YoY): 49.40%
Annual Dividend Yield: 0.00%
Total Assets: $1.82B
Total Liabilities: $2.16B
Cash & Equivalent: $213M
Total Debt: $1.56B
Debt/Equity: -4.52
Quick Ratio: 1.12
Current Ratio: 1.12
Price/Book: -8.47
Price/Earnings: -93.23
EBITDA: $-216M
EPS: -0.0848
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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