RENB has 36-month beta value of 0.56.
The public float for RENB is 86.63M, and currently, short sellers hold a 4.05% ratio of that float. The average trading volume of RENB on October 14, 2024 was 562.70K shares.
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RENB) stock’s latest price update
Renovaro Inc. (NASDAQ: RENB) has experienced a rise in its stock price by 15.80 compared to its previous closing price of 0.44. However, the company has seen a gain of 4.21% in its stock price over the last five trading days. globenewswire.com reported 2024-09-13 that AMSTERDAM, Sept. 13, 2024 (GLOBE NEWSWIRE) — (NASDAQ: RENB) RenovaroCube (Cube, the Company), a leading AI-driven innovator using multi-omics technology for cancer profiling, is pleased to announce two scientific presentations at a leading cancer conference – the European Society for Medical Oncology (ESMO) Congress – on September 15, 2024.
RENB’s Market Performance
RENB’s stock has risen by 4.21% in the past week, with a monthly drop of -17.85% and a quarterly drop of -63.57%. The volatility ratio for the week is 14.09% while the volatility levels for the last 30 days are 13.35% for Renovaro Inc. The simple moving average for the past 20 days is 2.87% for RENB’s stock, with a -73.31% simple moving average for the past 200 days.
RENB Trading at -12.24% 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 -90.29% of loss for the given period.
Volatility was left at 13.35%, however, over the last 30 days, the volatility rate increased by 14.09%, as shares sank -22.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.15% lower at present.
During the last 5 trading sessions, RENB rose by +4.21%, which changed the moving average for the period of 200-days by -84.64% in comparison to the 20-day moving average, which settled at $0.4958. In addition, Renovaro Inc. saw -83.91% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RENB starting from William Anderson Wittekind, who sale 16,362 shares at the price of $1.46 back on Jul 17 ’24. After this action, William Anderson Wittekind now owns 841,433 shares of Renovaro Inc., valued at $23,889 using the latest closing price.
William Anderson Wittekind, the 10% Owner of Renovaro Inc., sale 21,954 shares at $1.41 during a trade that took place back on Jul 15 ’24, which means that William Anderson Wittekind is holding 875,795 shares at $30,955 based on the most recent closing price.
Stock Fundamentals for RENB
Current profitability levels for the company are sitting at:
- -261.49 for the present operating margin
The net margin for Renovaro Inc. stands at -256.04. The total capital return value is set at -0.36. Equity return is now at value -90.37, with -72.84 for asset returns.
Based on Renovaro Inc. (RENB), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -3.06. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 46.92.
Currently, EBITDA for the company is -27.27 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 428.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To put it simply, Renovaro Inc. (RENB) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
