Wednesday, May 23, 2012 4:07:57 AM
The 11 analysts offering 12-month price forecasts for Renren Inc have a median target of 5.40, with a high estimate of 8.00 and a low estimate of 3.20. The median estimate represents a +17.65% increase from the last price of 4.59.
The current consensus among 13 polled investment analysts is to Hold stock in Renren Inc. This rating has held steady since May, when it was unchanged from a Hold rating.
Analyst forecasts for current quarter earnings per share estimate are $0.04.
Analyst forecasts for current quarter sales estimate are share are $29.7M
Renren Inc. (NYSE: RENN) shares are getting hit Monday, no doubt as Facebook has begun selling on weakness.
Volatility for Renren is up 16 - 17 percent and 117 percent over its trailing historical average.
Shares are down about 8.9 percent, though off of session lows. Renren also broke below its 50-day SMA and 200-day Daily SMA, at $5.94 and $5.44, respectively.
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