RingCentral Inc (NYSE:RNG) price on Thursday, July 03, rose 1.36% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.87.
A look at the stock’s price movement, the close in the last trading session was $29.47, moving within a range at $29.56 and $30.29. The beta value (5-Year monthly) was 1.272. Turning to its 52-week performance, $42.19 and $20.58 were the 52-week high and 52-week low respectively. Overall, RNG moved 11.66% over the past month.
RingCentral Inc’s market cap currently stands at around $2.69 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-May-08.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RNG is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 9 recommend RNG as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RNG’s current price about 8.71% and 11.44% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.54, while 7-day volatility ratio is 2.98% and 2.79% in the 30-day chart. Further, RingCentral Inc (RNG) has a beta value of 1.29. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -0.44% off current price level while to achieve the yearly target high, price needs to move -0.44%. Nonetheless, investors will most likely welcome a -0.44% jump to $30 which is the analysts’ median price.
If we refocus on RingCentral Inc (NYSE:RNG), historical trading data shows that trading volumes averaged 1.29 over the past 10 days and 1.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 80.13 million shares.
The 13.32% of RingCentral Inc’s shares are in the hands of company insiders while institutional holders own 96.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.05 million on 2025-06-13, giving us a short ratio of 6.2. The data shows that as of 2025-06-13 short interest in RingCentral Inc (RNG) stood at 1044.99996 of shares outstanding, with shares short rising to 5.99 million registered in 2025-05-15. Current price change has pushed the stock 1.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RNG stock continues to rise going into the next quarter.
