RingCentral Inc.’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $38.35 on 05/15/24, and the lowest price during that time was $25.08, recorded on 11/01/23.
52-week price history of RNG Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. RingCentral Inc.’s current trading price is -20.70% away from its 52-week high, while its distance from the 52-week low is 21.28%. The stock’s price range during this period has fluctuated between $25.08 and $38.35. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 3.65 million for the day, which was evidently higher than the average daily volume of 1.28 million over the last three months.
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Financial Performance and Market Capitalization
RingCentral Inc. (RNG) has experienced a quarterly rise of 5.01% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.79B and boasts a workforce of 4084 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 31.69, with a change in price of -6.17. Similarly, RingCentral Inc. recorded 1,296,285 in trading volume during the last 100 days, posting a change of -16.87%.
RNG Stock Stochastic Average
The raw stochastic average for RingCentral Inc. over the last 50 days is presently at 28.74%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 62.51%. Further, the company’s Stochastic %K and %D values for the last 20 days were 57.90% and 64.47%, respectively.
RNG Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -10.43%. However, over the past six months, we’ve seen a stronger performance of -6.05%. The price of RNG fallen by 9.59% over the last 30 days. And in the last five days, it has fallen by -2.87%.
