Renovaro Inc (RENB) saw an uptrend of 53.95% in the recent trading with $1.19 being its most recent. The current price level -64.79% lower than the highest price of $3.38 marked by the stock while trading over the past 52-weeks, whereas it is 201.27% higher than the lowest price of $0.40 the company dropped to over past 52-weeks. The latest news story on RENB appeared in (GlobeNewswire) under the title “Renovaro and BioSymetrics Announce Definitive Merger Agreement to Advance AI-Driven Biomarker Discovery and Precision Medicine” on.
Squeezing the time span to 30 day period shows us the stock is currently trading -15.00% below one month high and is +77.61% above of the lowest during that time. Looking into the simple moving average, Renovaro Inc (RENB)’s stock stands at a SMA-50 of $0.9461 while that of 5-day is reading $0.8944.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and RENB’s SMA-200 as of now is $0.9295.
Renovaro Inc Earnings – What Happened With RENB
Coming around sales and income figures on RENB Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
RENB – Renovaro Inc Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 162.14 million. RENB does have institutional investors; and they hold 13.91% of the stock.
Renovaro Inc – Insider Activity and Holdings
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Renovaro Inc (NASDAQ:RENB) with an ownership of 5.64 million shares of the company or 5.864 of the stake worth $9.88 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 3.7995 of the outstanding shares. Its stake is worth $6.4 million for having 3.66 million shares in hand.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Renovaro Inc has a debt to equity ratio of 0.08.
Technical Analysis of Renovaro Inc (NASDAQ:RENB) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Renovaro Inc (RENB), we notice that the stock’s 20-day average volume is at 2,069,480 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 1,791,244 shares. And to end, RENB’s 100-day average volume is 1,258,674 shares with 50% of the long-term indicators pointing towards Buy for the stock.
