Ringcentral (RNG) Shares are Down -3.16%

Ringcentral (RNG) : During the past 4 weeks, traders have been relatively bearish on Ringcentral (RNG), hence the stock is down -2.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.52% relative to the S&P 500. The 4-week change in the price of the stock is -2.91% and the stock has fallen -3.16% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.33% and the fifty day Moving Average is 1.83%. RingCentral, Inc. is up 13.1% in the last three month period. Year-to-Date the stock performance stands at -5.17%.

Ringcentral (RNG) : The consensus price target for Ringcentral (RNG) is $27.89 for the short term with a standard deviation of $2.67. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $32, however, the pessimist price target for the company is $24.


Ringcentral (NYSE:RNG): On Fridays trading session , Opening price of the stock was $22.32 with an intraday high of $22.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.21. However, the stock managed to close at $22.36, a loss of 0.36% for the day. On the previous day, the stock had closed at $22.44. The total traded volume of the day was 282,484 shares.

RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Companys products are RingCentral Office, RingCentral Professional and RingCentral Fax, which it sells as monthly subscriptions to its customers. The Companys flagship product RingCentral Office is a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through different channels and on multiple devices. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments. RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.