Wall Street is neutral on Renren Inc (RENN). On average, analysts give RENN a Strong Sell rating. The average price target is $0.8, which means analysts expect the stock to decline by -72.41% over the next twelve months.
That average ranking earns RENN an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Renren Inc Stock Today?
Renren Inc (RENN) stock is trading at $2.90 as of 2:02 PM on Tuesday, Jul 28, a decline of -$0.10, or -3.33% from the previous closing price of $3.00. The stock has traded between $2.90 and $3.08 so far today. Volume today is light. So far 9,979 shares have traded compared to average volume of 65,483 shares.
