Renovaro Inc (NASDAQ: RENB) Trading above Its 20 Day MA ($1.1418), Why Showing An Interesting Price Pattern?

Renovaro Inc (NASDAQ:RENB) does about 671.34K shares in volume on a normal day but saw 809200 shares change hands in the recent trading day. The company now has a market cap of 263.47M USD. Its current market price is $1.66, marking an increase of 5.06% compared to the previous close of $1.58. 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 $1.1418 and the current price is -68.38% off the 52-week high compared with 320.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8038 and its 200-day simple moving average is $1.2924. If we look at the stock’s price movements over the week, volatility stands at 20.57%, which increases to 21.37% 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 65.96 to suggest the stock is neutral.

The current price level is 45.39%, 106.52%, and 28.44% 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 1.22% over the week and 233.00% over the past month. Its price is -47.63% year-to-date and -53.11% over the past year.

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

The company has a return on investment of -117.10% and return on equity of -159.75%. The beta has a value of 0.63. Price to book ratio is 2.67.