Wall Street is neutral on Renren Inc (RENN). On average, analysts give the stock a Strong Sell rating. The average price target is $0.8, which means analysts expect the stock to lose by -87.84% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 1, which is better than 1% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
InvestorsObserver combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With Renren Inc Stock Today?
Renren Inc (RENN) stock is trading at $6.58 as of 11:06 AM on Wednesday, Nov 25, a decline of -$0.14, or -2.08% from the previous closing price of $6.72. The stock has traded between $6.39 and $7.20 so far today. Volume today is below average. So far 137,665 shares have traded compared to average volume of 327,741 shares.
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