The Week Ahead: Are Investors Really Too Optimistic About Renovaro Inc (NASDAQ: RENB)

Renovaro Inc (NASDAQ:RENB) currently has a daily average trading volume of 820.59K but it saw 3990501 shares traded in last market. With a market cap of 150.34M USD, the company’s current market price of $1.03 came falling about -8.04 while comparing to the previous closing price of $1.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.25 and as low as $0.40. In the recent trading on the day, stock has struck highest price mark of $0.67 while lowest mark touched by it was $1.1099.

Taking a look at 20-day trading activity of Renovaro Inc (RENB) gives us an average price of $1.3677, while its current price level is -80.38% below from 52-week high level whereas it is 160.76% 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 $0.8974 while that of 200 days or SMA-200 reads an average of $1.2566. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.63% during that period while stretching the period over a month that decreases to 27.05%. 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 41.82 which implies that the stock is in neutral territory.

Over the week, RENB’s stock price is moving -44.72% down while it is 76.82% when we observe its performance for the past one month. Year-to-date it is -71.05% down and over the past year, the stock is showing a downside performance of -71.76%.

Currently, Renovaro Inc’s total number of outstanding shares is 157.62M. Company’s return on investment (ROI) stands at -117.10% and return on equity (ROE) at -159.75%. Stock’s beta reads 0.61. Stock has a price to book (P/B) ratio of 1.66. Its return on asset (ROA) is -128.97% on average.