The stock of Renovaro Inc. (RENB) has gone up by 33.33% for the week, with a 26.63% rise in the past month and a -47.29% drop in the past quarter. The volatility ratio for the week is 33.99%, and the volatility levels for the past 30 days are 17.78% for RENB. The simple moving average for the past 20 days is 27.20% for RENB’s stock, with a -63.21% simple moving average for the past 200 days.
Is It Worth Investing in Renovaro Inc. (NASDAQ: RENB) Right Now?
Moreover, the 36-month beta value for RENB is 0.56.
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The public float for RENB is 86.63M and currently, short sellers hold a 4.05% of that float. On October 21, 2024, RENB’s average trading volume was 635.19K shares.
RENB) stock’s latest price update
Renovaro Inc. (NASDAQ: RENB) has experienced a decline in its stock price by -8.65 compared to its previous closing price of 0.74. However, the company has seen a gain of 33.33% in its stock price over the last five trading days. globenewswire.com reported 2024-10-17 that AMSTERDAM, Oct. 17, 2024 (GLOBE NEWSWIRE) — (NASDAQ: RENB) – RenovaroCube, a leader in AI-driven cancer diagnostics by integrating multi-omics with liquid biopsies, is excited to announce the presentation of its latest research at the Molecular Analysis for Precision Oncology Congress – on October 16, 2024.
RENB Trading at 14.65% 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 -87.05% of loss for the given period.
Volatility was left at 17.78%, however, over the last 30 days, the volatility rate increased by 33.99%, as shares surge +30.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.91% upper at present.
During the last 5 trading sessions, RENB rose by +33.33%, which changed the moving average for the period of 200-days by -79.76% in comparison to the 20-day moving average, which settled at $0.5346. In addition, Renovaro Inc. saw -78.55% 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 599.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To wrap up, the performance of Renovaro Inc. (RENB) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
