Renren stock: buy or sell?
May 22nd, 2020
Renren Inc. operates a social networking Internet platform in the People's Republic of China. It operates through two segments, Renren and Internet Finance.
Should I buy Renren stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Renren stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Renren stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't find any rating for RENN stock for the last 30 days.
Renren stock analysis
Renren boosted a super good 38.03% and closed at $4.21.
Shares of Renren boosted a super good 38.03% and closed at $4.21. Since price and SMA200d lines crossed up on Wednesday, RENN climbed $2.49 (144.77%). From a daily perspective, RENN is in a short term uptrend after plotting its last bottom ($1.54, on May 14th) higher than the previous bottom, and its last top ($3.37, on Wednesday) also over the previous top. Now trading in between its last bottom and last top RENN might consolidate in a plain range, waiting to break out over $3.37 or down under $1.54.
Renren shares broke up the simple moving average line of 200d, closing at $4.21. Counting this, it's been 4 green weeks in a row, gaining $3.42 or 407.14%. Late April RENN collapsed a frightening -6.33% in just one week.
If you observe the weekly chart, price finally broke over the resistance at $1.04 and continued climbing.
Renren stock price history
Renren stock went public on May 4th, 2011 with a price of $26.681. Since then, RENN stock sliced a -84.20%, with a yearly average of -9.40%.
1: Adjusted price after possible price splits or reverse-splits.
Renren stock historical price chart
RENN stock reached 52-week highs on Friday at $4.50, and all-time highs 2011-05-04 with a price of 32.83.
Renren stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' RENN stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price target for Renren stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per Share, when Renren presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2016, last anual revenues report draw an exceptional increase of 218.95% to $202.10 M dollars. When comparing 2017 vs 2016, in the same way, profit margin (that is, the net income divided by revenues) boosted a 237.88% to -54.64%. To have an up to date view of the financial situation of Renren, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q3 that can be compared to 2017 fiscal year results. Annual Renren TTM sales up to September 2018 were $488.72 and income was $41.52 million USD. When comparing this TTM figures with the last reported annuality, we can esteem Renren business evolution since December 2017: Annual sales up to September, compared to lastest yearly report, climbed an extraordinary 141.82%. Similarly, profit margin (net income/sales) skyrocketed at -54.64%.
|2012||$176 M||-||$-75.02 M-42.6%||-|
|2013||$148 M||-15.88%||$-28.90 M-19.5%||-61.48%|
|2014||$83 M||-43.99%||$60 M72.9%||-309.20%|
|2015||$41 M||-50.44%||$-220.13 M-535.4%||-464.09%|
|2016||$63 M||54.13%||$-185.35 M-292.5%||-15.80%|
|2017||$202 M||218.95%||$-110.43 M-54.6%||-40.42%|
|TTM||$489 M||141.82%||$42 M8.5%||-137.60%|
Quarterly financial resultsRenren posted $116.84 M in revenues for 2018-Q3, a -13.47% less compared to previous quarter. Reported quarter earnings marked $-28.76 million with a profit margin of -24.61%. Profit margin collapsed a -147.63% compared to previous quarter when profit margin was 123.02%. When comparing turnover to same quarter last year, Renren sales marked an outstanding gain and skyrocketed a 89.18%. Looking back to recent quarterly results, Renren posted 2 negative quarters in a row.
|2016-Q4||$20 M||-||$-90 M-459.0%||-|
|2017-Q1||$21 M||6.72%||$-16 M-77.3%||-82.04%|
|2017-Q2||$22 M||6.96%||$-17 M-77.0%||6.60%|
|2017-Q3||$62 M||175.36%||$-23 M-36.9%||31.82%|
|2017-Q4||$97 M||57.15%||$-54 M-55.9%||138.48%|
|2018-Q1||$140 M||44.01%||$-42 M-29.7%||-23.47%|
|2018-Q2||$135 M||-3.39%||$166 M123.0%||-499.81%|
|2018-Q3||$117 M||-13.47%||$-29 M-24.6%||-117.31%|
Renren ownershipReviewing Renren ownership structure gives valuable information about the company and its governance (insider ownership) or the amount of investors that are on the short side.
Renren shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 50.07% of all shares.
In case of Renren stock, 14.28% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for RENN stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Renren:
|Market cap||$97.8 M|
|Total shares||23.2 M|
|Float shares||4.1 M|
|- Institutional holdings (%)||14.3%|
|- Insider holdings (%)||50.1%|
|Shares in short selling||0.0%|
|Friday, May 22nd, 2020|
|Day range||$3.00 - $4.50|
|Average true range||$0.46|
|50d mov avg||$1.15|
|100d mov avg||$1.44|
|200d mov avg||$1.90|
Renren performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Renren, the comparison is made against .