Investors Are Waking Up To Renovaro Inc. (NASDAQ: RENB) After Rising 12.31% Over The Past 12 Months

Renovaro Inc. (NASDAQ:RENB) currently has a daily average trading volume of 792.95K but it saw 9036526 shares traded in last market. With a market cap of 107.68M USD, the company’s current market price of $0.73 came rising about 8.97 while comparing to the previous closing price of $0.67. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.25 and as low as $0.57.

Taking a look at 20-day trading activity of Renovaro Inc. (RENB) gives us an average price of $1.3357, while its current price level is -86.10% below from 52-week high level whereas it is 28.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.3955 while that of 200 days or SMA-200 reads an average of $2.5836. A closer look into the stock’s movement over the week reveals that its volatility is standing at 38.65% during that period while stretching the period over a month that decreases to 15.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.71 which implies that the stock is in oversold territory.

Over the week, RENB’s stock price is moving -43.85% down while it is -53.21% when we observe its performance for the past one month. Year-to-date it is -76.97% down and over the past year, the stock is showing an upside performance of 12.31%.

Currently, Renovaro Inc.’s total number of outstanding shares is 147.50M. Company’s return on investment (ROI) stands at -31.80% and return on equity (ROE) at -45.95%. Stock’s beta reads 0.66. Stock has a price to book (P/B) ratio of 0.64. Its return on asset (ROA) is -37.06% on average.