Ringcentral Inc

Company Profile

Ringcentral Inc had its IPO on 2013-09-27 under the ticker symbol RNG.

The company operates in the Technology sector and Software-Application industry. Ringcentral Inc has a staff strength of 3,902 employees.

Stock update

Shares of Ringcentral Inc opened at $30.78 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $30.5 - $31.45, and closed at $30.75.

This is a -1.54% slip from the previous day's closing price.

A total volume of 1,005,526 shares were traded at the close of the day’s session.

In the last one week, shares of Ringcentral Inc have slipped by -3.7%.

Ringcentral Inc's Key Ratios

Ringcentral Inc has a market cap of $2.96 billion, indicating a price to book ratio of 102.8295 and a price to sales ratio of 2.0178.

In the last 12-months Ringcentral Inc’s revenue was $2.11 billion with a gross profit of $1.35 billion and an EBITDA of $9.00 million. The EBITDA ratio measures Ringcentral Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Ringcentral Inc’s operating margin was -10.96% while its return on assets stood at -6.44% with a return of equity of -689.33%.

In Q2, Ringcentral Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 10.8%.

Ringcentral Inc’s PE and PEG Ratio

Forward PE

14.5985

Trailing PE

0

PEG

0.4382

Its diluted EPS in the last 12-months stands at $-6.62 per share while it has a forward price to earnings multiple of 14.5985 and a PEG multiple of 0.4382. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Ringcentral Inc’s profitability.

Ringcentral Inc stock is trading at a EV to sales ratio of 2.9225 and a EV to EBITDA ratio of -12.1896. Its price to sales ratio in the trailing 12-months stood at 2.0178.

Ringcentral Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.96 billion

Total Liabilities

$592.35 million

Operating Cash Flow

$-39124000.00

Capital Expenditure

$17.81 million

Dividend Payout Ratio

0%

Ringcentral Inc ended 2024 with $1.96 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.96 billion while shareholder equity stood at $-471841000.00.

Ringcentral Inc ended 2024 with $0 in deferred long-term liabilities, $592.35 million in other current liabilities, 9000.00 in common stock, $-1609777000.00 in retained earnings and $54.58 million in goodwill. Its cash balance stood at $225.35 million and cash and short-term investments were $225.35 million. The company’s total short-term debt was $20,000,000 while long-term debt stood at $1.56 billion.

Ringcentral Inc’s total current assets stands at $803.54 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $322.19 million compared to accounts payable of $36.74 million and inventory worth $1.13 million.

In 2024, Ringcentral Inc's operating cash flow was $-39124000.00 while its capital expenditure stood at $17.81 million.

Comparatively, Ringcentral Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$30.75

52-Week High

$49.32

52-Week Low

$25.32

Analyst Target Price

$44.98

Ringcentral Inc stock is currently trading at $30.75 per share. It touched a 52-week high of $49.32 and a 52-week low of $49.32. Analysts tracking the stock have a 12-month average target price of $44.98.

Its 50-day moving average was $34.24 and 200-day moving average was $33.9 The short ratio stood at 2.77 indicating a short percent outstanding of 0%.

Around 149.1% of the company’s stock are held by insiders while 10351.9% are held by institutions.