Here's Why RingCentral (RNG) is a Strong Momentum Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.
RNG sits at a Zacks Rank #3 (Hold), holds a Momentum Style Score of B, and has a VGM Score of A. The stock is flat and up 0.4% over the past one-week and four-week period, respectively, and RingCentral has lost 24.2% in the last one-year period as well. Additionally, an average of 1,010,259 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2025, five analysts revised their earnings estimate higher in the last 60 days for RNG, while the Zacks Consensus Estimate has increased $0.02 to $4.22 per share. RNG also boasts an average earnings surprise of 3.2%.
RNG should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ringcentral, Inc. (RNG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
EV Roundup: TSLA China Sales Keep Falling, NIO Q1 Loss Widens & More
Last week, EV maker NIO Inc. NIO reported its first-quarter 2025 results and EV charging company ChargePoint Holdings, Inc. CHPT reported first-quarter fiscal 2026 results. California-based EV company Lucid Group LCID inked a U.S.-sourced graphite deal to power its EV batteries and strengthen its domestic supply chain. U.S. EV behemoth Tesla TSLA saw its sales slipping in China last month amid fierce competition and price war. NIO incurred a loss per share of 45 cents in the first quarter of 2025, which was wider than the Zacks Consensus Estimate of a loss of 22 cents. The Chinese EV maker reported a loss of 36 cents in the year-ago quarter. Revenues of $1.66 billion missed the Zacks Consensus Estimate of $1.71 billion but rose 20.85% year over year due to higher delivery volumes. It delivered 42,094 vehicles in the first quarter, up 40.1% year over year, including 27,313 vehicles from NIO and 14,781 from ONVO. Revenues generated from vehicle sales amounted to $1.37 billion, up 18% year over second-quarter 2025, NIO projects deliveries in the range of 72,000-75,000 vehicles, implying a rise of 25.5-30.7% year over year. Revenues are estimated between $2,689 million and $2,765 million. NIO currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. ChargePoint incurred a quarterly loss of 6 cents per share, wider than the Zacks Consensus Estimate of a loss of 5 cents. This compares to a loss of 11 cents per share a year ago. These figures are adjusted for non-recurring items. It posted revenues of $97.64 million for the quarter ended April 2025, missing the Zacks Consensus Estimate by 2.78%. This compares to year-ago revenues of $107.04 million. Networked charging systems generated $52.1 million in revenues for the first quarter, a 20% decline from $65.4 million in the same period last year. ChargePoint's subscription revenues rose 14% year over year to $38 million, up from $33.4 million in the year-ago corresponding quarter. The company exited the quarter with $195.9 million in cash and cash equivalents. Long-term debt amounted to $307.8 million. ChargePoint forecasts revenues of $90-$100 million during the second fiscal quarter ending on July 31, 2025. Lucid signed a multi-year supply agreement with Graphite One to secure U.S.-sourced natural graphite, reinforcing its commitment to building a localized, resilient supply chain for EV materials. The agreement, with production expected to begin in 2028 from the Graphite Creek deposit in Alaska, follows Lucid's earlier deal with Graphite One for synthetic graphite and adds to a growing list of domestic partnerships aimed at powering future Lucid vehicles with American-made battery materials. These moves align with Lucid's strategy to reduce its carbon footprint, increase supply chain independence, and support U.S. manufacturing. In addition to Graphite One, Syrah Resources will begin supplying natural graphite in 2026 from its vertically integrated facility in Louisiana. Graphite, a key component of lithium-ion batteries, plays a crucial role in enabling fast charging. With these agreements, Lucid is bolstering its position as a U.S.-based EV innovator focused on long-term sustainability and supply security. Tesla's sales of China-made EVs continued to decline for the eighth consecutive month in May due to intensifying price wars in the world's largest auto market. Per the China Passenger Car Association data, combined domestic and export deliveries to Europe and other markets of the Model 3 and Model Y dropped 15% year over year in May to 61,662 units, following a drop of 6% in April. To boost demand in China, Tesla allowed smart-assisted driving features to be deployed to new vehicles in China starting in late May and continuing through the end of June. Additionally, Model 3 and Model Y were included in a government initiative promoting EV adoption in rural areas for the first time this which triggered a price war in 2023 that now involves more than 40 brands and shows no signs of easing, is under pressure from new, competitively priced EVs offering strong performance. The following table shows the price movement of some of the major EV players over the past week and six-month period. Image Source: Zacks Investment Research Stay tuned for announcements of upcoming EV models and any important updates from the industry. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tesla, Inc. (TSLA) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report ChargePoint Holdings, Inc. (CHPT) : Free Stock Analysis Report Lucid Group, Inc. (LCID) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
4 hours ago
- Washington Post
Motorcar Parts: Fiscal Q4 Earnings Snapshot
TORRANCE, Calif. — TORRANCE, Calif. — Motorcar Parts of America Inc. (MPAA) on Monday reported a loss of $722,000 in its fiscal fourth quarter. The Torrance, California-based company said it had a loss of 4 cents per share. Earnings, adjusted for one-time gains and costs, came to 28 cents per share. The maker of remanufactured vehicle alternators and starters posted revenue of $193.1 million in the period. For the year, the company reported a loss of $19.5 million, or 99 cents per share. Revenue was reported as $757.4 million. Motorcar Parts expects full-year revenue in the range of $780 million to $800 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MPAA at
Yahoo
5 hours ago
- Yahoo
Southern Company's Georgia Power Prepares for a Storm-Heavy 2025
The Southern Company's SO subsidiary, Georgia Power, is doubling down on efforts to maintain safe and reliable electricity service ahead of the 2025 Atlantic Hurricane Season amid the National Oceanic and Atmospheric Administration's (NOAA) forecast of above-average storm activity. The utility company has significantly enhanced its storm response capabilities, including investments in smart grid technologies and infrastructure upgrades designed to limit the impact of outages and speed up recovery. Self-healing technology now embedded across the state's power grid allows crews to reroute power and segment a power line, which isolates issues, minimizing the number of affected customers and restoring power faster. This approach proved invaluable during 2024's Hurricane Helene, the most destructive in Georgia Power's history, where it played a key role in accelerating power restoration. Georgia Power is urging all customers to take proactive safety measures this season. From avoiding downed power lines to using generators properly, the company emphasizes that preparation can save lives. To stay informed during emergencies, customers are encouraged to use Georgia Power's digital tools: Outage Alerts: Free text notifications with personalized updates Outage & Storm Center: A 24/7 resource for reporting and tracking outages Outage Map: Real-time statewide view of current outages Mobile App & Social Media: On-the-go access to safety tips, updates and support The utility also reminds drivers to follow Georgia's Move Over Law, giving space to utility crews working roadside during or after storms. In the aftermath of Hurricane Helene, which left over a million Georgians without power, Georgia Power was honored with the Edison Electric Institute's Emergency Recovery Award. The recognition highlights the extraordinary work of thousands of line workers and support staff who helped rebuild critical parts of the grid, replacing over 11,000 power poles, repairing 1,000 miles of wire and removing more than 3,000 damaged trees. The company informs that as storm threats loom in 2025, Georgia Power stands ready to respond with resilience and innovation. The Southern Company deals with the generation, transmission and distribution of electricity and serves approximately nine million customers through its seven electric and natural gas distribution units. Currently, SO has a Zacks Rank #3 (Hold). Investors interested in the utility sector might look at some better-ranked stocks like EDP, S.A. EDPFY, Engie SA ENGIY and CenterPoint Energy, Inc. CNP. While EDP and Engie currently sport a Zacks Rank #1 (Strong Buy) each, CenterPoint Energy carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. EDP ranks among Europe's major electricity operators, as well as being one of Portugal's largest business groups. EngieSA engages in the power, natural gas and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear and Others segments. The Zacks Consensus Estimate for ENGIY's 2025 earnings indicates 19.55% year-over-year growth. Houston, TX-based CenterPoint Energy is a domestic energy delivery company that provides electric transmission and distribution, power generation, and natural gas distribution operations. The Zacks Consensus Estimate for CNP's 2025 earnings indicates 8.02% year-over-year growth. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Company (The) (SO) : Free Stock Analysis Report CenterPoint Energy, Inc. (CNP) : Free Stock Analysis Report Energias de Portugal (EDPFY) : Free Stock Analysis Report ENGIE - Sponsored ADR (ENGIY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
