Let’s look at the key reasons that are pushing RingCentral Inc (RNG) to new highs

RingCentral Inc (NYSE: RNG) on Tuesday, plunged -0.93% from the previous trading day, before settling in for the closing price of $26.99. Within the past 52 weeks, RNG’s price has moved between $26.64 and $42.19.

During the last 5-year period, the sales growth of Technology Sector giant was 22.05%. The company achieved an average annual earnings per share of 13.77%. With a float of $78.82 million, this company’s outstanding shares have now reached $80.91 million.

Let’s determine the extent of company efficiency that accounts for 4260 employees. In terms of profitability, gross margin is 70.63%, operating margin of 0.35%, and the pretax margin is -1.97%.

RingCentral Inc (RNG) Breakdown of a Key Holders of the stock

Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of RingCentral Inc is 13.12%, while institutional ownership is 91.01%. The most recent insider transaction that took place on Mar 04 ’25, was worth 40,344. In this transaction Director of this company sold 1,457 shares at a rate of $27.69, taking the stock ownership to the 27,233 shares. Before that another transaction happened on Feb 28 ’25, when Company’s CTrO and Deputy CFO sold 24,784 for $28.63, making the entire transaction worth $709,566. This insider now owns 120,323 shares in total.

RingCentral Inc (RNG) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 13.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.50% during the next five years compared to 0.38% growth over the previous five years of trading.

RingCentral Inc (NYSE: RNG) Trading Performance Indicators

RingCentral Inc (RNG) is currently performing well based on its current performance indicators. A quick ratio of 0.92 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.01. Likewise, its price to free cash flow for the trailing twelve months is 6.10.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.63, a number that is poised to hit 0.96 in the next quarter and is forecasted to reach 4.69 in one year’s time.

Technical Analysis of RingCentral Inc (RNG)

Looking closely at RingCentral Inc (NYSE: RNG), its last 5-days average volume was 1.93 million, which is a jump from its year-to-date volume of 1.44 million. As of the previous 9 days, the stock’s Stochastic %D was 20.67%. Additionally, its Average True Range was 1.25.

During the past 100 days, RingCentral Inc’s (RNG) raw stochastic average was set at 0.64%, which indicates a significant decrease from 1.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.45% in the past 14 days, which was lower than the 40.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.78, while its 200-day Moving Average is $33.19. However, in the short run, RingCentral Inc’s stock first resistance to watch stands at $27.26. Second resistance stands at $27.78. The third major resistance level sits at $28.09. If the price goes on to break the first support level at $26.43, it is likely to go to the next support level at $26.12. Now, if the price goes above the second support level, the third support stands at $25.60.

RingCentral Inc (NYSE: RNG) Key Stats

Market capitalization of the company is 2.43 billion based on 90,722K outstanding shares. Right now, sales total 2,400 M and income totals -58,290 K. The company made 614,510 K in profit during its latest quarter, and -7,190 K in sales during its previous quarter.