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Prospects of Vringo Inc (NASDAQ:VRNG)
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Small cap stock Vringo, Inc. (NASDAQ:VRNG) [Trend Analysis] has been stagnate in price for some time now, So what do analysts following this stock think of its prospects?
Analysis
Vringo, Inc. (NASDAQ:VRNG) last traded at $0.68 after moving down -5.46% for the trading day. The company last released their quarterly earnings results on 03-16-15 for the period ended Dec-14. The company reported earnings of -$0.82 against a Zack’s research estimate of $0.01. This represents a -8300.00% surprise on the expected result.
The current average broker recommendation for Vringo, Inc., according to Zack’s research, is 2.00, based on 2 broker ratings. With 1 being a strong buy and 5 being a strong sell, this means that on a consensus basis, analysts currently see Vringo, Inc. as a buy. The 12 month target consensus price estimate among these analysts for Vringo, Inc. is currently at $7.00.
Out of the 2 broker recommendations for VRNG, 1 recommend it as a strong buy, 0 as a buy, 1 as a hold 0 as a sell and 0 as a strong sell.
About Vringo, Inc. (NASDAQ:VRNG)
Vringo, Inc. provides a platform that allows users to create, download and share mobile entertainment content in the form of video ringtones for mobile phones. Its solution, which encompasses a suite of mobile and PC-based tools, enables users to create, download and share video ringtones with ease, and provides its business partners with a consumer-friendly and easy-to-integrate monetization platform. The Company is based in New York, New York.















