Analysts who follow Renren Inc (RENN) on average expect it to decline -72.51% over the next twelve months. Those same analysts give the stock an average rating of Strong Sell.
That average rating earns the stock an Analyst Ranking of 1, which means it ranks higher than 1 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Renren Inc Stock Today?
Renren Inc (RENN) stock is up 4.68% while the S&P 500 is lower by -0.01% as of 12:51 PM on Tuesday, Aug 4. RENN is higher by $0.13 from the previous closing price of $2.78 on volume of 8,874 shares. Over the past year the S&P 500 is higher by 15.80% while RENN is higher by 19.75%. RENN lost -$2.19 per share the over the last 12 months.
