Ringcentral Stock Buy Hold or Sell Recommendation

RNG Stock  USD 27.00  0.68  2.58%   
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Ringcentral is 'Hold'. Macroaxis provides Ringcentral buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding RNG positions.
  
Check out Ringcentral Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.
Note, we conduct extensive research on individual companies such as Ringcentral and provide practical buy, sell, or hold advice based on investors' constraints. Ringcentral. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Execute Ringcentral Buy or Sell Advice

The Ringcentral recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ringcentral. Macroaxis does not own or have any residual interests in Ringcentral or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ringcentral's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell RingcentralBuy Ringcentral
Hold

Market Performance

Very WeakDetails

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

Not RatedDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Ringcentral has a Risk Adjusted Performance of (0.18), Jensen Alpha of (0.40), Total Risk Alpha of (0.15) and Treynor Ratio of (0.50)
Our recommendation module complements current analysts and expert consensus on Ringcentral. It analyzes the company potential to grow using all fundamental, technical, and market related data available at the time. To make sure Ringcentral is not overpriced, please check all Ringcentral fundamentals, including its revenue, short ratio, current asset, as well as the relationship between the cash per share and beta . Given that Ringcentral has a number of shares shorted of 5.6 M, we recommend you to check out Ringcentral market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your recent risk tolerance and investing horizon.

Ringcentral Trading Alerts and Improvement Suggestions

Ringcentral generated a negative expected return over the last 90 days
The company reported the last year's revenue of 2.4 B. Reported Net Loss for the year was (58.29 M) with profit before taxes, overhead, and interest of 1.69 B.
Over 99.0% of the company shares are owned by institutional investors
Latest headline from thelincolnianonline.com: Jupiter Asset Management Ltd. Boosts Stake in RingCentral, Inc.

Ringcentral Returns Distribution Density

The distribution of Ringcentral's historical returns is an attempt to chart the uncertainty of Ringcentral's future price movements. The chart of the probability distribution of Ringcentral daily returns describes the distribution of returns around its average expected value. We use Ringcentral price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ringcentral returns is essential to provide solid investment advice for Ringcentral.
Mean Return
-0.55
Value At Risk
-5.56
Potential Upside
2.99
Standard Deviation
2.43
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ringcentral historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Ringcentral Stock Institutional Investors

Shares
Aqr Capital Management Llc2024-12-31
1.6 M
Morgan Stanley - Brokerage Accounts2024-12-31
1.5 M
Arrowstreet Capital Limited Partnership2024-12-31
1.4 M
Geode Capital Management, Llc2024-12-31
1.3 M
Jupiter Asset Management Limited2024-12-31
1.1 M
Macquarie Group Ltd2024-12-31
929.3 K
Charles Schwab Investment Management Inc2024-12-31
832.2 K
Qube Research & Technologies2024-12-31
802.3 K
Two Sigma Investments Llc2024-12-31
796.6 K
Vanguard Group Inc2024-12-31
11.7 M
Capital World Investors2024-12-31
10.7 M
Note, although Ringcentral's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ringcentral Cash Flow Accounts

202020212022202320242025 (projected)
Change To Inventory25.7M40.5M65.0M28.2M32.4M16.7M
Change In Cash296.2M(372.7M)2.8M(47.8M)20.6M12.7M
Free Cash Flow(142.9M)(232.8M)100.9M323.9M458.3M481.2M
Depreciation75.6M125.3M246.6M233.9M222.6M233.7M
Other Non Cash Items12.7M128.9M662.1M119.6M(20.1M)(19.1M)
Capital Expenditures107.7M384.9M90.4M75.7M25.0M23.7M
Net Income(83.0M)(376.3M)(879.2M)(165.2M)(58.3M)(61.2M)
End Period Cash Flow639.9M267.2M270.0M222.2M242.8M243.7M
Change Receivables(37.2M)(52.0M)(64.9M)(87.8M)(79.1M)(75.1M)
Net Borrowings(943K)540.9M(337.8M)(4.8M)(5.5M)(5.3M)
Dividends Paid14.7M36.7M21.5M1.1B1.3B1.4B
Change To Netincome100.5M206.4M391.1M705.1M810.8M851.4M
Investments(107.7M)(11.9M)(87.2M)(93.4M)(109.4M)(103.9M)

Ringcentral Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ringcentral or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ringcentral's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ringcentral stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over Dow Jones
-0.4
β
Beta against Dow Jones1.12
σ
Overall volatility
2.25
Ir
Information ratio -0.17

Ringcentral Volatility Alert

Ringcentral exhibits very low volatility with skewness of -0.28 and kurtosis of 1.3. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ringcentral's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ringcentral's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.

Ringcentral Implied Volatility

Ringcentral's implied volatility exposes the market's sentiment of Ringcentral stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ringcentral's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ringcentral stock will not fluctuate a lot when Ringcentral's options are near their expiration.

Ringcentral Fundamentals Vs Peers

Comparing Ringcentral's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ringcentral's direct or indirect competition across all of the common fundamentals between Ringcentral and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ringcentral or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ringcentral's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ringcentral by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Ringcentral to competition
FundamentalsRingcentralPeer Average
Return On Equity-6.89-0.31
Return On Asset0.0047-0.14
Profit Margin(0.02) %(1.27) %
Operating Margin0.02 %(5.51) %
Current Valuation3.78 B16.62 B
Shares Outstanding80.92 M571.82 M
Shares Owned By Insiders1.13 %10.09 %
Shares Owned By Institutions98.87 %39.21 %
Number Of Shares Shorted5.6 M4.71 M
Price To Earning(107.63) X28.72 X
Price To Book102.83 X9.51 X
Price To Sales0.99 X11.42 X
Revenue2.4 B9.43 B
Gross Profit1.69 B27.38 B
EBITDA240.38 M3.9 B
Net Income(58.29 M)570.98 M
Cash And Equivalents269.98 M2.7 B
Cash Per Share3.21 X5.01 X
Total Debt210.99 M5.32 B
Current Ratio1.19 X2.16 X
Book Value Per Share(6.07) X1.93 K
Cash Flow From Operations483.28 M971.22 M
Short Ratio3.84 X4.00 X
Earnings Per Share(0.63) X3.12 X
Price To Earnings To Growth0.25 X4.89 X
Target Price38.42
Number Of Employees4.26 K18.84 K
Beta1.21-0.15
Market Capitalization2.39 B19.03 B
Total Asset1.78 B29.47 B
Retained Earnings(1.76 B)9.33 B
Working Capital122.32 M1.48 B
Current Asset171.05 M9.34 B
Note: Disposition of 1985 shares by Vaibhav Agarwal of Ringcentral at 31.401 subject to Rule 16b-3 [view details]

Ringcentral Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ringcentral . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Ringcentral Buy or Sell Advice

When is the right time to buy or sell Ringcentral? Buying financial instruments such as Ringcentral Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Ringcentral in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Millennials Best Thematic Idea Now

Millennials Best
Millennials Best Theme
Companies or funds that provide products or services that appeal to the generation of millennials and that are expected to experience growth in the next 5 years. The millennial generation usually refers to the demographic population that were born between 1980 to 2000. The Millennials Best theme has 49 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Millennials Best Theme or any other thematic opportunities.
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When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:
Check out Ringcentral Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool.
For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.63)
Revenue Per Share
26.06
Quarterly Revenue Growth
0.076
Return On Assets
0.0047
Return On Equity
(6.89)
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.