On 9/4/24, RingCentral Inc (NYSE: RNG) stock suffered a major decline of -11.3%, closing at $29.15. Moreover, trading volume in this decline was exceptionally high at 240% of normal. Relative to the market the stock has been weak over the last nine months and has declined -13.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, RNG is expected to be a major Value Eraser.
RingCentral is currently unrated.
Rating Review
The stock is currently unrated.
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