Renovaro Inc (NASDAQ: RENB) 52-Week High Located At $2.10, Forget The Dips, Just Ride The Rips

Renovaro Inc (NASDAQ:RENB) does about 3.63M shares in volume on a normal day but saw 4873938 shares change hands in the recent trading day. The company now has a market cap of 72.81M USD. Its current market price is $0.32, marking an increase of 2.07% compared to the previous close of $0.31. The 52 week high reached by this stock is $2.10 whilst the lowest price level in 52 weeks is $0.26.

Renovaro Inc (RENB) has a 20-day trading average at $0.3024 and the current price is -84.99% off the 52-week high compared with 19.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3191 and its 200-day simple moving average is $0.6306. If we look at the stock’s price movements over the week, volatility stands at 11.08%, which decreases to 10.66% 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 49.89 to suggest the stock is neutral.

The current price level is 4.28%, -1.20%, and -50.00% 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 2.37% over the week and -9.68% over the past month. Its price is -75.75% year-to-date and -62.26% over the past year.

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

Outstanding shares total 162.39M with insiders holding 47.27% of the shares and institutional holders owning 12.81% of the company’s common stock. The company has a return on investment of -84.13% and return on equity of -67.13%. The beta has a value of 0.55. Price to book ratio is 0.58.

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