The recently concluded session had traders exchanging Renren Inc. (NYSE:RENN) high level. Roughly 0.21 million shares changed hands compared to the three-month volume average 0.16 million shares. The first trade took place at $6.84 and the stock went down -2.91% to attain the closing price of $6.68.Renren Inc. (RENN) Analyst Opinion
Renren Inc. has a consensus underperform rating from 1 Wall Street analysts, and the number of shares currently sold short amount to at least 54.79% of shares outstanding. The stock spiked 9.51% last month and is down -15.97 this year. Wall Street is only getting more bearish on the stock, with 0 of analysts who cover RENN having a buy-equivalent rating. Analysts have placed a $9 price target on Renren Inc., suggesting a 34.73% gain from recent close. It’s currently trading about -46.56% below its 52-week high.Renren Inc. Earnings Surprise
Renren Inc. (RENN) surprised the stock market in its last reported earnings when it earned $0.65 a piece versus the consensus-estimated -$0.3. Its revenue totaled $22.76 million down -9% from the previous quarter.
This stock (RENN) is ahead of its 52-week low with 11.15%. Its last month’s stock price volatility remained 2.56% which for the week stands at 3.74%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.05% and stays 2.21% away from its 50 days moving average. Over the last five days, shares have faced -2.62% losses and now is down -13.84% since hitting its 200-day moving average of $6.76. Renren Inc. (RENN) has made its way to a 12-month decline of -27.39%.
Turning to GTT Communications, Inc. (NYSE:GTT), its shares were trading at $29.4 a retreat of $-1.1, on the trading floor. The stock, after opening at $30.35, touched a high of $30.5 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.6. GTT Communications, Inc. has 4 buy ratings, 0 holds and 0 sells even after the stock tumbled -14.04% from its high of $34.2 to a $1.18 billion market value through last close.GTT Communications, Inc. (GTT) Consensus Price Target
The company’s consensus rating on Reuter’s scale remained unchanged from 1.56 to 1.56 during a month. Analysts set a 12-month price target of $37.88 a share. The target implies a 28.84% spike from where the shares are currently trading. Also, the current price highlights a discount of 46.26% to analysts’ high consensus price target.GTT Communications, Inc. (NYSE:GTT) Intraday Trading
The counter witnessed a trading volume of 0.27 million shares versus an average volume of 0.24 million shares during last trading session. Its last month’s stock price volatility remained 3.55% which for the week approaches 2.83%. The lowest price the stock reached in the last trading day was $29.35 and compares with the $19.86 52-week low. The stock recovered 48.04% since its low point and has performed 2.26% year-to-date.