RenovoRx Inc (NASDAQ:RNXT) shares, rose in value on Thursday, April 16, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $1.02.
Actively observing the price movement in the last trading, the stock closed the session at $1.03, falling within a range of $0.98 and $1.04. The value of beta (5-year monthly) was 1.115. Referring to stock’s 52-week performance, its high was $1.69, and the low was $0.75. On the whole, RNXT has fluctuated by 4.72% over the past month.
With the market capitalization of RenovoRx Inc currently standing at about $37.27 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-31.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.05M, with a low estimate of 150k and a high estimate of 300k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 225k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RNXT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RNXT currently trading nearly 9.39% and 3.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.89, while the 7-day volatility ratio is showing 10.29% which for the 30-day chart, stands at 10.54%. Furthermore, RenovoRx Inc (RNXT)’s beta value is 1.05, and its average true range (ATR) is 0.09.
A comparison of RenovoRx Inc (RNXT) with its peers suggests the former has fared considerably weaker in the market. RNXT showed an intraday change of -0.97% in last session, and over the past year, it shrunk by -9.71%%.
Data on historical trading for RenovoRx Inc (NASDAQ:RNXT) indicates that the trading volumes over the past 10 days have averaged 0.16 and over the past 3 months, they’ve averaged 143.46K. According to company’s latest data on outstanding shares, there are 36.55 million shares outstanding.
Nearly 4.31% of RenovoRx Inc’s shares belong to company insiders and institutional investors own 2.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.26 million shares as on 2025-03-31, resulting in a short ratio of 3.5. According to the data, the short interest in RenovoRx Inc (RNXT) stood at 73.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.24 million. The stock has fallen by -20.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RNXT stock heading into the next quarter.
