Renovaro Inc (NASDAQ:RENB) traded at $1.02 at last check on current trade day and made an upward move of 10.15% on its previous day’s price.
Looking at the stock we see that its previous close was $0.93 and the beta (5Y monthly) reads 0.543 with the day’s price range being $0.97 – $1.28. 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 lost about -18.40% over that past 30 days.
Renovaro Inc has a market cap of $196.45 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the RENB stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Looking further, we note the current price level is -24.89% off its SMA20 and 10.33% from its 50-day simple moving average. The RSI (14) is pointing at 47.41 while the volatility over the past week is 19.07% and jumps to 25.34% over the past one month. The beta value is 0.63, while the average true range (ATR) is currently pointing at 0.25.
Coming back to Renovaro Inc (NASDAQ:RENB), we note that the average 3-month trading volume was 873.83K, while that of the preceding 10-day period stands at 1.82 million. Current shares outstanding are 157.62 million.
The insiders hold 51.39% of the company’s shares while institutions hold 9.29%. The data shows that short shares as of 2024-10-31, stood at 3.23 million at a short ratio of 4.72. This represents a 285.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 3.51 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 22.08% up in year-to-date price movement.
