After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Ned Segal Elected to RingCentral’s Board of Directors.
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Stocks Info
RNG belongs to the Technology sector of the NYSE while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $33.06 and fluctuated between $33.26 as its day high and $32.01 as its day low. The current market capitalization of RingCentral Inc. is $3.10B. A total of 1.97 million shares were traded on the day, compared to an average of 1.40M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RNG has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 5,064 and the disposition of 2,548 shares. Over the last 12 months, there were 41 BUYs and 55 SELLs from insiders. Insiders purchased 1,495,642 shares during that period but sold 351,615.
In the most recent transaction, Parekh Sonalee Elizabeth sold 51,962 shares of RNG for 29.93 per share on Dec 01. After the transaction, the Chief Financial Officer now owns 216,223 company shares. In a previous transaction on Nov 22, Shmunis Vladimir sold 9,502 shares at 29.28 per share. RNG shares that Executive Chairman owns now total 362,249.
Among the insiders who sold shares, Shmunis Vladimir disposed of 58,223 shares on Nov 21 at a per-share price of $28.90. This resulted in the Executive Chairman holding 371,751 shares of RNG after the transaction. In another insider transaction, Marlow John H sold 17,159 shares at $28.89 per share on Nov 21. Company shares held by the SVP, CAO & General Counsel now total 282,711.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RNG in the last 3 months, the mean price target is $40.73 with high estimates of $55.00 and low estimates of $32.00. In terms of 52-week highs and lows, RNG has a high of $49.32 and a low of $25.08.
As of this writing, RNG has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.78. The company reported an EPS of $0.83 in the last quarter, which was 10.70% higher than expectations of $0.75.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $1.45B in debt and $526.27M in liabilities at the time. Its Book Value Per Share was -$5.17, while its Total Shareholder’s Equity was $338.97M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.88.
