Renren Inc. (RENN) Stock: Why It’s Climbing

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Renren Inc. (RENN) is gaining in the market in today’s trading session. The stock, one that is focused in the tech industry, is presently trading at $1.64 after gaining 9.33% so far in today’s session. As it relates to tech companies, there are quite a few factors that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines associated with RENN:

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Mar-08-19 08:05AM Social Networking, Used Cars and SaaS are driving Renren’s Growth and One of These Segments is Huge
Mar-06-19 02:45PM Four Tech Stocks To Watch on Wednesday
Feb-26-19 08:25AM Report: Exploring Fundamental Drivers Behind Iamgold, Malibu Boats, Renren, 58, Neos Therapeutics, and Kimball Electronics New Horizons, Emerging Trends, and Upcoming Developments
Jan-29-19 06:00AM Renren-Owned Kaixin Auto Group Enters into a Convertible Loan Agreement with Kunlun Tech Limited for $23 million
Jan-25-19 04:00PM CM Seven Star Acquisition Corporation Extends Period to Complete Business Combination with Renren Inc.s Kaixin Auto Group, a Transaction Valued at Approximately $454 million

Nonetheless, any time investors are making a decision to invest, investors should look into far more than news, this is especially the case in the ever changing tech industry. Here’s what’s happening with Renren Inc..

How RENN Has Been Trending

Although a gain in a single session, like the move that we’re seeing from Renren Inc. may cause excitement in some investors, a single session move alone shouldn’t be the reason for a decision to, or not to, invest in a company. It’s always important to take a look at trends experienced by the stock beyond a single trading day. In the case of RENN, below are the returns that we’ve seen:

  • Past 5 Sessions – Throughout the past five trading sessions, RENN has seen a price change amounting to 6.49%.
  • Past Month – The return from Renren Inc. over the past 30 days works out to 7.89%.
  • Past 3 Months – Throughout the past three months, the stock has produced a ROI that comes to 1.23%
  • Past Six Months – Over the previous six months, we have seen a change that works out to 6.49% from the company.
  • Year To Date – Since the the last trading session of last year RENN has generated a ROI of 6.49%.
  • Annually – Lastly, over the past year, investors have seen movement that works out to 100.82% out of RENN. Throughout this period of time, the stock has traded at a high price of -48.59% and a low price of 121.07%.

Key Ratios

Looking at a few key ratios associated with a stock can provide investors a look of just how dangerous and/or potentially profitable a an investment option may be. Below are some of the important ratios to consider when looking at RENN.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. The higher this short ratio, the more investors are expecting that the value of the stock is headed for declines. In general, strong tech stocks can carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Renren Inc., the stock’s short ratio amounts to 3.63.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure whether or not a company can pay its debts when they come due using current assets or quick assets. Because in tech, several companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem upsetting. Nonetheless, several gems in the technology space come with positive current and quick ratios. As it relates to RENN, the quick and current ratios work out to 0.90 and 1.50 respectively.  

Book To Share Value – The book to share value compares the the share price to the current book value of assets that are owned by the company. when it comes to Renren Inc., that ratio works out to 2.86.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value comes to 0.

What Institutions And Insiders Think Of Renren Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in RENN, here’s what we’re seeing:

Institutions own 14.90% of the company. Institutional interest has moved by 97.35% over the past three months. When it comes to insiders, those who are close to the company currently own 50.75% percent of RENN shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About Renren Inc.

Although it’s never a smart idea to unknowingly follow the opinions of analysts, it is a smart idea to use their opinions when validating your own when it comes to making an investment decision in the tech space. Here are the recent moves that we have seen from analysts when it comes to RENN.

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May-15-13 Downgrade Oppenheimer Outperform → Perform
May-31-12 Upgrade Maxim Group Sell → Hold
Feb-03-12 Downgrade Maxim Group Hold → Sell $4.50
Dec-15-11 Initiated Brean Murray Hold
Sep-23-11 Upgrade Maxim Group Sell → Hold

Earnings

What have ween seen from RENN in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, analysts expect that RENN will generate EPS in the amount of -0.55, with 0 to be reported in the report for the current quarter. Although this information isn’t earnings driven, because we are chatting about Wall St. analysts, RENN is presently graded as a 0 when rated on a scale from 1 to 5 where 1 is the poorest Wall St. analyst grade and 5 is the best rating.
  • 5-Year Sales – Throughout the last half decade, Renren Inc. has created a change in sales volume that works out to be 5.50%. Earnings per share in the period have generated movement in the amount of -31.20%.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is commonly explained in the world of humans, the company has experienced a change in earnings that amounts to -107.00%. RENN has also seen a change with regard to sales that amounts to 581.80%.

Looking At Share Counts

Traders tend to have a heavy interest in the counts of shares both outstanding and available. When it comes to Renren Inc., there are currently 69.47M with a float of 1.90M. These numbers mean that out of the total of 69.47M shares of RENN currently in existence today, 1.90M are able to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to RENN, the short percent of the float is 44.29%.

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