RingCentral Inc. (#RNG) Stock Price, Live Chart & Analysis | Trade #RNG
RingCentral, Inc. is an American corporation headquartered in Belmont, California. It offers software-as-a-service solutions to help businesses communicate and collaborate in North America. Also, the company has a Message Video Phone platform that serves as a base for business cloud communications and contact center solutions.
The company was formed in 1999 after its co-founders, Vlad Shmunis and Vlad Vendrow, left RingZero Systems. This company focused on small business communications on Microsoft Windows. After Motorola acquired RingZero Systems, the focus shifted to mobile platforms. In 2011, Cisco and Silicon Valley Bank became some of the company’s investors. By that time, the firm had a total of $45 million in capital investment.
RingCentral went public in September 2013 and held a follow-on offering in March 2014. Today, the company is traded on the New York Stock Exchange under the ticker RNG.
In May 2019, the company acquired the naming rights to the Oakland Coliseum. Therefore, it was renamed the RingCentral Coliseum. Today, it’s home to the Oakland Athletics.
The company acquired some companies to improve its products. For instance, in December 2020, it bought DeepAffects with a specialization in intelligence-assisted speech recognition. In March 2021, the corporation acquired the encryption service provider Kindite.
RingCentral is a component of the Russell 1000, Russell 3000, and NYSE Composite indices. As it’s involved in a few stock indices, it’s a positive sign of the company’s reliability. If it’s excluded from any of them, it will negatively affect its market share and the stock price.
RingCentral’s share price is low. However, it’s highly volatile. Moreover, the company doesn’t pay dividends. Therefore, CFD trading is a better option for dealing with RNG stocks. When trading, you can use the high degree of volatility to open trades within a day. Moreover, the stock rate doesn’t matter much.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.
Are you interested in buying RingCentral Inc. (#RNG)? It’s easy!
SellBuyActive SellActive Buy
| Sell | 33.25 |
| Buy | 33.32 |
| 1-day change | -1.28(-3.71%) |
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#RNG (#RNG) shares’ cost is $33.32 for today. The highest rate of shares #RNG (#RNG) for today is $34.5700, the lowest price is $33.1300. The opening price was $34.06.
A real-time chart for #RNG (#RNG) shares quote is provided below.
Price chart of #RNG in real time mode
Available in trading accounts:
- ECN
- CLASSIC
Prev. Close33.85
Day's Range33.1300 - 34.5700
Opening34.06
52 wk Range25.08-38.35
Volume1,145,113
Shares Outstanding91,819,977
Average Volume1,247,467
Market Cap3.06B
1-Year Return4.38%
EPS-1.42
Beta1.03
Revenue2.31B
P/E Ratio-23.58
DividendsN/A(N/A)
Next Earnings Date2024-11-04
Spread0
Swap Long-6
Contract size1
Swap Short2.5
Stop&Limit Level0
| #AA | N/A | N/A | -0.42 | -1.29% |
| #ABBV | N/A | N/A | 8.4 | 4.47% |
| #ABT | N/A | N/A | 6.45 | 6.04% |
| #ADM | N/A | N/A | -0.71 | -1.15% |
| #AMWL | N/A | N/A | -2.03 | -19.77% |
| #AXP | N/A | N/A | 6.6 | 2.62% |
| #BA | N/A | N/A | -11.02 | -5.98% |
| #BABA | N/A | N/A | 4.04 | 5.10% |
| #BAC | N/A | N/A | 1.1 | 2.77% |
| #BB | N/A | N/A | -0.07 | -2.90% |
| #CAT | N/A | N/A | 11.36 | 3.30% |
| #CLX | N/A | N/A | 27.22 | 20.76% |
| #COTY | N/A | N/A | -0.48 | -4.87% |
| #CVX | N/A | N/A | -8.8 | -5.62% |
| #DIS | N/A | N/A | -3.11 | -3.33% |
| #DVN | N/A | N/A | -1.68 | -3.61% |
| #EDU | N/A | N/A | -0.05 | -0.08% |
| #F | N/A | N/A | 0.34 | 3.13% |
| #FIS | N/A | N/A | 6.07 | 7.95% |
| #FTI | N/A | N/A | -2.65 | -8.99% |
| #GD | N/A | N/A | 3.23 | 1.09% |
| #GE | N/A | N/A | 0.56 | 0.32% |
| #GPN | N/A | N/A | 10.02 | 9.94% |
| #HD | N/A | N/A | 1.11 | 0.30% |
| #HPQ | N/A | N/A | 0.12 | 0.33% |
| #IBM | N/A | N/A | 10.16 | 5.29% |
| #JNJ | N/A | N/A | 7.63 | 4.82% |
| #JPM | N/A | N/A | 14.05 | 6.67% |
| #KMI | N/A | N/A | 0.54 | 2.57% |
| #KO | N/A | N/A | 5.73 | 8.59% |
| #KODK | N/A | N/A | -0.49 | -8.51% |
| #LMT | N/A | N/A | 26.68 | 4.93% |
| #MA | N/A | N/A | 18.68 | 4.02% |
| #MCD | N/A | N/A | 25.11 | 9.53% |
| #MLM | N/A | N/A | -55.64 | -9.44% |
| #MMM | N/A | N/A | 8.5 | 6.73% |
| #MO | N/A | N/A | 4.3 | 8.69% |
| #MS | N/A | N/A | 0.79 | 0.77% |
| #NIO | N/A | N/A | -0.24 | -5.61% |
| #NSC | N/A | N/A | 7.85 | 3.16% |
| #OXY | N/A | N/A | -3.23 | -5.37% |
| #PFE | N/A | N/A | -1.24 | -4.10% |
| #PG | N/A | N/A | 10.45 | 6.49% |
| #PM | N/A | N/A | 8 | 6.94% |
| #RNG | N/A | N/A | -1.28 | -3.71% |
| #RTX | N/A | N/A | 6.62 | 5.67% |
| #SLB | N/A | N/A | -3.5 | -7.37% |
| #SNOW | N/A | N/A | -13.68 | -10.73% |
| #SQ | N/A | N/A | 2.79 | 4.41% |
| #STZ | N/A | N/A | -5.06 | -2.06% |
| #T | N/A | N/A | 0.74 | 3.86% |
| #TAP | N/A | N/A | 1.08 | 2.05% |
| #TME | N/A | N/A | -3.5 | -25.18% |
| #TOT | N/A | N/A | 1.61 | 2.39% |
| #V | N/A | N/A | 11.28 | 4.26% |
| #VMC | N/A | N/A | -28.04 | -10.29% |
| #VZ | N/A | N/A | 1.46 | 3.62% |
| #WMT | N/A | N/A | 8.17 | 11.83% |
| #XOM | N/A | N/A | -0.75 | -0.63% |
| #NFLX | N/A | N/A | 58.67 | 9.14% |
| #NKE | N/A | N/A | N/A | N/A |
Interesting facts about the #RNG (RingCentral Inc.)
To trade RNG shares, you should be aware of the key factors that can either boost or pull the stock price down.
Financial data. Although the company's revenue managed to grow faster than the US market average in recent years, the earnings growth has been negative over this period. Moreover, the company doesn't seem effective at transforming capital employed, the base of equity, and assets to make profits. Quarterly earnings reports provide important information not only for investors but also for traders. The stock price's volatility increases. The released data may push the stock price up or make stocks depreciate.
Internal events. When trading shares, you should check the company's internal news. For instance, in February 2020, RingCentral and Avaya released the Avaya Cloud Office application. As a result, the firm's shares rose 54% within four months. Recognition of the company as a leader in the industry may have a positive impact on its business. For example, in 2021, it was named a leader in the Gartner Magic Quadrant for Unified Communications as a Service worldwide.
Competitors. As the company's finances don't seem strong, the developments of its rivals may influence its market share. The best alternatives are Microsoft Teams, Google Chat, Nextiva Business Communication Suite, Vonage Business Communications, Zoom, Dialpad Talk, 8x8 X Series, and Webex Calling. Industry. When you know the company's competitors, you can easily evaluate the industry's health. If they perform well, RingCentral, Inc.'s development conditions are also positive.
Institutional investors. Institutional investors own over 85% of RingCentral's shares. Therefore, you are recommended to determine the largest stock owners. If they sell a large number of shares, the stock price may decline dramatically, and this will signal a weakness of RingCentral.
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