It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for RingCentral Inc. (RNG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.12, or -0.38%, to $31.45. The RingCentral Inc. has recorded 30,806 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Republic Airways Selects RingCentral to Power Communications for Aviation Professionals.
RingCentral Inc. is listed on the NYSE in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $31.57 and fluctuated between $32.02 as its day high and $31.26 as its day low. The current market capitalization of RingCentral Inc. is $2.90B. A total of 1.3 million shares were traded on the day, compared to an average of 1.41M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RNG has seen 3 BUY and 12 SELL insider trades, representing the acquisition of 10,285 and the disposition of 98,476 shares. Over the last 12 months, there were 50 BUYs and 72 SELLs from insiders. Insiders purchased 1,138,331 shares during that period but sold 384,607.
In the most recent transaction, Shmunis Vladimir sold 9,502 shares of RNG for 28.35 per share on Aug 22. After the transaction, the CEO & Chairman now owns 429,974 company shares. In a previous transaction on Aug 22, Agarwal Vaibhav sold 5,434 shares at 28.73 per share. RNG shares that Deputy Chief Financial Officer owns now total 108,370.
Among the insiders who sold shares, Shmunis Vladimir disposed of 58,222 shares on Aug 21 at a per-share price of $28.56. This resulted in the CEO & Chairman holding 439,476 shares of RNG after the transaction. In another insider transaction, Marlow John H sold 18,813 shares at $28.56 per share on Aug 21. Company shares held by the SVP, CAO & General Counsel now total 297,648.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RNG in the last 3 months, the mean price target is $44.31 with high estimates of $65.00 and low estimates of $34.00. In terms of 52-week highs and lows, RNG has a high of $49.32 and a low of $25.32.
As of this writing, RNG has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 25 estimates, with a high estimate of $0.79 per share and a lower estimate of $0.71. The company reported an EPS of $0.76 in the last quarter, which was 10.10% higher than expectations of $0.69.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $1.43B in debt and $526.27M in liabilities at the time. Its Book Value Per Share was -$4.95, while its Total Shareholder’s Equity was $538.42M.
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. 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 4.24.