Further observations between December 18th, 2007 and January 4th, 2008, suggested an increase in the impact probability to 1 in 2700 chance for an impact with Earth during June 2048. A few days later, the impact probability was reverted back to a 1 in 3030 chance.
According to the Near Earth Object-list, 99 observations over 52 days suggests the asteroid has a probability of 1 in 2700 chance to hit the Earth during June 2048. Those figures translate into a 0.037% chance to hit (or 99.963% to miss). The asteroid is estimated to have a diameter of 130 meters, and travels through space with a speed of 15.63 km/s relative to the Earth.
Asteroids with listing above 1 on the Torino Scale are rare and are, according to NEO, often downgraded to Level 0 after the initial observations.