The 36-month beta value for RENB is at 0.37.
The public float for RENB is 102.05M, and currently, shorts hold a 2.28% of that float. The average trading volume for RENB on April 24, 2024 was 308.44K shares.
RENB) stock’s latest price update
Renovaro Inc. (NASDAQ: RENB)’s stock price has gone decline by -6.05 in comparison to its previous close of 2.15, however, the company has experienced a -16.53% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-02-22 that Hindenburg Research may be the most famous activist short-selling investment research firm in recent history. Where many short sellers run their due diligence, develop a trade thesis and execute behind the scenes, Hindenburg is happy to bring ts research to wider market attention.
RENB’s Market Performance
RENB’s stock has fallen by -16.53% in the past week, with a monthly drop of -37.46% and a quarterly drop of -56.56%. The volatility ratio for the week is 11.20% while the volatility levels for the last 30 days are 11.02% for Renovaro Inc. The simple moving average for the past 20 days is -22.38% for RENB’s stock, with a -30.39% simple moving average for the past 200 days.
RENB Trading at -23.09% from the 50-Day Moving Average
After a stumble in the market that brought RENB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.52% of loss for the given period.
Volatility was left at 11.02%, however, over the last 30 days, the volatility rate increased by 11.20%, as shares sank -30.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.94% lower at present.
During the last 5 trading sessions, RENB fell by -16.53%, which changed the moving average for the period of 200-days by +327.06% in comparison to the 20-day moving average, which settled at $2.56. In addition, Renovaro Inc. saw -36.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RENB
Equity return is now at value -74.63, with -59.63 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.17.
Conclusion
In conclusion, Renovaro Inc. (RENB) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
