How to Buy Ringcentral Stock
Ringcentral Inc
Ringcentral is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker RNG on the NYSE exchange.
Ringcentral stock last closed at $30.29, down 0.79% from the previous day, and has increased 6.32% in one year. It has underperformed other stocks in the Software - Application industry by 0.18 percentage points. Ringcentral stock is currently +20.8% from its 52-week low of $25.08, and -30.01% from its 52-week high of $43.28.
There are currently 92.32M shares of RNG outstanding. The market capitalization of RNG is $2.80B. In the last 24 hours, 652,083 RNG shares were traded.
How to Buy Ringcentral Stock
Not sure how to invest in Ringcentral stock? Here's how.
- Figure out where to buy Ringcentral stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you choose where to buy Ringcentral stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your payment method and add your details.
- Analyze Ringcentral stock: The Ringcentral ticker symbol is RNG. Is Ringcentral stock a good investment? Should you buy shares of RNG? How do RNG's underlying business fundamentals look? Do top analysts think Ringcentral is a good buy? Why has RNG's stock price moved recently? (Hint: Our stock market research website can help you figure out if RNG is a good stock to buy).
- Make your RNG buy order: Decide if you will purchase RNG shares at the current market price or use a limit order to buy RNG shares at a particular price.
- Keep an eye on your RNG investment: Create a watchlist to important notifications about your new investment in Ringcentral shares.
Step 1: Figure out where to buy Ringcentral stock
You will need an online brokerage account to access the NYSE market and buy RNG stock.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal information so you are able to buy RNG today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to open a new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on the best stock app to use, you can securely and quickly fund your account:
Watch this video walkthrough for more details depositing funds into your brokerage account.
Step 4: Analyze Ringcentral stock
Once you have identified the best place to buy Ringcentral stock, it's important to evaluate their stock before you buy, so you truly wrap your head around the risk as well as the opportunity.
Ringcentral quick stats
RNG Overview
WallStreetZen was built to help average investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on RNG's stock page.
Is RNG stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge RNG's fair value.
You can access additional valuation analysis on RNG's stock here.
A quick look at RNG Financials
Passed Health Checks:
- RNG profit margin has gone up from -44.2% to -7.5% in the past year.
- There are more short-term assets than short-term liabilities on the RNG balance sheet.
- RNG's operating cash flow of $399.66M allows it to safely service it's debt of $1.57B.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the RNG balance sheet.
- Total RNG debt is still negative.
- RNG earnings of -$120.85M is not sufficient to cover its interest payments.
- RNG debt to equity ratio of -4.47 is negative.
Is it a good time to buy Ringcentral stock, according to analysts?
Out of 11 Wall Street analysts who research RNG, the consensus analyst rating on Ringcentral is a Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent RNG Analyst Ratings
James Fish, a top 21% analyst from Piper Sandler maintains RNG with a hold rating and lowers their RNG price target from $34.00 to $31.00, on Feb 21, 2024.
Taz Koujalgi, a top 9% analyst from Wedbush reiterates RNG with a hold rating and maintains their RNG price target from $40.00 to $40.00, on Feb 21, 2024.
Samad Samana, a bottom 8% analyst from Jefferies downgrades RNG to a hold rating and lowers their RNG price target from $40.00 to $35.00, on Dec 12, 2023.
Catharine Trebnick, a top 10% analyst from Rosenblatt reiterates RNG with a hold rating and maintains their RNG price target from $35.00 to $35.00, on Dec 4, 2023.
Brian Peterson, a bottom 12% analyst from Raymond James maintains RNG with a strong buy rating and lowers their RNG price target from $60.00 to $50.00, on Nov 7, 2023.
You can dig deeper into what analysts are projecting on the Ringcentral stock forecast page.
RNG Technical Indicators
RNG Performance Numbers
Last year, RNG revenue was $2.20B. In the last 5 year, RNG's revenue has grown by 26.74% per year. This was slower than the Software - Application industry average of 27.59%.
Dig into RNG's earnings and revenue performance here.
Are RNG insiders buying or selling the stock?
In the last year, executives and large shareholders at RNG have sold more shares than they have bought.
Vaibhav Agarwal, DEPUTY CHIEF FINANCIAL OFFICER of RNG, was the latest RNG insider to sell. They sold $68,539.26 worth of RNG shares on Apr 1, 2024.
Dig into more about who owns RNG stock here.
Does RNG stock generate passive income?
No, Ringcentral doesn't provide an income stream by paying out dividends.
What others are saying about RNG
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your RNG buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount, use a limit order.
Click the Open Trade button and eToro will place your order.
If you require additional assistance buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your RNG investment
Now that you own some RNG shares, you'll want to keep up with your investment.
Create a watchlist to get the latest updates about your RNG stock.
RNG Feed
How to Buy Stock in Ringcentral
To reiterate, here are the 6 steps for buying Ringcentral stock:
- Figure out where to buy Ringcentral stock
- Create your brokerage account
- Deposit funds into your investment account
- Analyze Ringcentral stock
- Make your RNG buy order
- Keep an eye on your RNG investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your new investment in Ringcentral, hit the button below to create your watchlist.
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