After Hours
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. Yahoo Finance discussed the stock recently as it posted RingCentral to Present at Upcoming Investor Conferences.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stocks Info
RingCentral Inc. is listed on the NYSE in the Technology sector while operating in the Software – Application industry. The current market capitalization of RingCentral Inc. is $3.09B. A total of 1.67 million shares were traded on the day, compared to an average of 1.40M shares.
Insider Activity
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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 31 BUYs and 37 SELLs from insiders. Insiders purchased 1,468,100 shares during that period but sold 286,119.
In the most recent transaction, Parekh Sonalee Elizabeth sold 20,455 shares of RNG for 30.83 per share on Feb 23. After the transaction, the CHIEF FINANCIAL OFFICER now owns 347,955 company shares. In a previous transaction on Feb 22, Shmunis Vladimir sold 137,555 shares at 30.31 per share. RNG shares that CEO AND CHAIRMAN owns now total 550,632.
Among the insiders who sold shares, Marlow John H disposed of 56,913 shares on Feb 22 at a per-share price of $30.32. This resulted in the SVP, CAO & GENERAL COUNSEL holding 380,981 shares of RNG after the transaction. In another insider transaction, Shmunis Vladimir sold 58,223 shares at $31.77 per share on Feb 21. Company shares held by the CEO AND CHAIRMAN now total 688,187.
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 $39.41 with high estimates of $55.00 and low estimates of $31.00. In terms of 52-week highs and lows, RNG has a high of $43.28 and a low of $25.08.
As of this writing, RNG has an earnings estimate of $0.8 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.85 per share and a lower estimate of $0.79. The company reported an EPS of $0.78 in the last quarter, which was 4.00% higher than expectations of $0.75.
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 $1.45B in debt and $526.27M in liabilities at the time. Its Book Value Per Share was -$5.38, while its Total Shareholder’s Equity was $338.97M.
Analysts Opinion
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 3.88.
