Renovaro Inc. (NASDAQ:RENB) traded at $0.84 at last check on current trade day and made an upward move of 18.45% on its previous day’s price.
Looking at the stock we see that its previous close was $0.71 and the beta (5Y monthly) reads 0.553 with the day’s price range being $0.6823 – $0.9468. In terms of its 52-week price range, RENB has a high of $5.25 and a low of $0.40. The company’s stock has gained about 38.51% over that past 30 days.
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Renovaro Inc. has a market cap of $130.89 million and is expected to release its quarterly earnings report in November.
On the other hand, looking at the outlook for the RENB stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 63.86% off its SMA20 and 42.44% from its 50-day simple moving average. The RSI (14) is pointing at 72.47 while the volatility over the past week is 22.43% and jumps to 15.68% over the past one month. The beta value is 0.54, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Renovaro Inc. (NASDAQ:RENB), we note that the average 3-month trading volume was 597.33K, while that of the preceding 10-day period stands at 0.92 million. Current shares outstanding are 155.03 million.
The insiders hold 44.53% of the company’s shares while institutions hold 9.07%. The data shows that short shares as of 2024-09-30, stood at 3.51 million at a short ratio of 8.6. This represents a 333.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 3.42 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -73.56% down in year-to-date price movement.
