Renovaro Inc. (RENB): Choosing The Technical Investor Route

Renovaro Inc. (NASDAQ:RENB) does about 885.32K shares in volume on a normal day but saw 1682777 shares change hands in the recent trading day. The company now has a market cap of 100.64M USD. Its current market price is $0.68, marking an increase of 21.84% compared to the previous close of $0.56. The 52 week high reached by this stock is $5.25 whilst the lowest price level in 52 weeks is $0.42.

Renovaro Inc. (RENB) has a 20-day trading average at $0.6432 and the current price is -87.00% off the 52-week high compared with 62.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9548 and its 200-day simple moving average is $2.2378. If we look at the stock’s price movements over the week, volatility stands at 23.74%, which decreases to 15.00% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.47 to suggest the stock is neutral.

The current price level is 5.84%, -30.10%, and -69.66% away from its SMA20, SMA50, and SMA200 respectively, with the RENB price moving above the 50-day SMA on current market day. Renovaro Inc. (RENB) stock is up 30.46% over the week and 10.05% over the past month. Its price is -78.48% year-to-date and -78.68% over the past year.

Outstanding shares total 147.50M with insiders holding 24.95% of the shares and institutional holders owning 9.67% of the company’s common stock. The company has a return on investment of -65.09% and return on equity of -87.88%. The beta has a value of 0.59. Price to book ratio is 0.75.