After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that RingCentral to Present at Upcoming Investor Conferences.
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Stocks Info
The company is listed on the NYSE and operates within the Software – Application industry segment. The current market capitalization of RingCentral Inc. is $3.08B. A total of 0.93 million shares were traded on the day, compared to an average of 1.39M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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.
