The stock of Renovaro Inc. (RENB) has gone up by 27.13% for the week, with a 73.12% rise in the past month and a -48.26% drop in the past quarter. The volatility ratio for the week is 32.16%, and the volatility levels for the past 30 days are 22.75% for RENB. The simple moving average for the past 20 days is 25.54% for RENB’s stock, with a -44.54% simple moving average for the past 200 days.
Is It Worth Investing in Renovaro Inc. (NASDAQ: RENB) Right Now?
The 36-month beta value for RENB is at 0.57.
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The public float for RENB is 105.88M, and currently, shorts hold a 1.38% of that float. The average trading volume for RENB on June 17, 2024 was 606.92K shares.
RENB) stock’s latest price update
Renovaro Inc. (NASDAQ: RENB)’s stock price has gone rise by 13.10 in comparison to its previous close of 1.45, however, the company has experienced a 27.13% increase in its stock price over the last five trading days. globenewswire.com reported 2024-06-14 that LOS ANGELES, June 14, 2024 (GLOBE NEWSWIRE) — Renovaro, Inc. (NASDAQ: RENB) (the “Company”) announces that it has $10 million in additional equity committed at a price per share of $1.4726 and 10 percent warrant coverage. “We appreciate confidence in the Company demonstrated by the investors,” said the Hon.
RENB Trading at -1.26% 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 -68.76% of loss for the given period.
Volatility was left at 22.75%, however, over the last 30 days, the volatility rate increased by 32.16%, as shares surge +78.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.22% lower at present.
During the last 5 trading sessions, RENB rose by +27.13%, which changed the moving average for the period of 200-days by -36.92% in comparison to the 20-day moving average, which settled at $1.3425. In addition, Renovaro Inc. saw -48.26% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RENB
Equity return is now at value -45.95, with -37.06 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
In conclusion, Renovaro Inc. (RENB) has had a mixed 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.
