Renovaro Inc (RENB): Uncovering A True Diamond In The Rough

Renovaro Inc (NASDAQ:RENB) currently has a daily average trading volume of 1.28M but it saw 1752093 shares traded in last market. With a market cap of 53.59M USD, the company’s current market price of $0.33 came falling about -1.55 while comparing to the previous closing price of $0.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.34 and as low as $0.28.

Taking a look at 20-day trading activity of Renovaro Inc (RENB) gives us an average price of $0.3413, while its current price level is -85.90% below from 52-week high level whereas it is 15.79% 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 $0.5133 while that of 200 days or SMA-200 reads an average of $0.7036. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.49% during that period while stretching the period over a month that increases to 13.97%. 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 40.36 which implies that the stock is in neutral territory.

Over the week, RENB’s stock price is moving 5.36% up while it is -7.95% when we observe its performance for the past one month. Year-to-date it is -60.50% down and over the past year, the stock is showing a downside performance of -70.80%.

Currently, Renovaro Inc’s total number of outstanding shares is 162.14M with 45.87% of that held by the insiders while 12.67% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -161.92% and return on equity (ROE) at -213.22%. Stock’s beta reads 0.56. Stock has a price to book (P/B) ratio of 0.65. Its return on asset (ROA) is -158.20% on average.

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