Renovaro Inc (RENB): Are Investors Missing The Big Picture?

Renovaro Inc (NASDAQ:RENB) does about 508.01K shares in volume on a normal day but saw 2090752 shares change hands in the recent trading day. The company now has a market cap of 165.07M USD. Its current market price is $1.04, marking an increase of 26.83% compared to the previous close of $0.82. The 52 week high reached by this stock is $5.25 whilst the lowest price level in 52 weeks is $0.40.

Renovaro Inc (RENB) has a 20-day trading average at $0.6041 and the current price is -80.19% off the 52-week high compared with 163.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5675 and its 200-day simple moving average is $1.3206. If we look at the stock’s price movements over the week, volatility stands at 26.55%, which decreases to 16.89% 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 77.50 to suggest the stock is overbought.

The current price level is 72.15%, 83.25%, and -21.25% away from its SMA20, SMA50, and SMA200 respectively, with the RENB price moving below the 50-day SMA on current market day. Renovaro Inc (RENB) stock is up 108.00% over the week and 93.74% over the past month. Its price is -67.19% year-to-date and -68.58% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 157.62M with insiders holding 50.38% of the shares and institutional holders owning 9.36% of the company’s common stock. The company has a return on investment of -117.10% and return on equity of -159.75%. The beta has a value of 0.66. Price to book ratio is 1.67.