Renovaro Inc (NASDAQ: RENB) is -41.01% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $5.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RENB stock was last observed hovering at around $1.77 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $1.87, the stock is 133.82% and 185.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing 5.65% at the moment leaves the stock 42.59% off its SMA200. RENB registered -44.35% loss for a year compared to 6-month loss of 25.50%. The firm has a 50-day simple moving average (SMA 50) of $0.62746 and a 200-day simple moving average (SMA200) of $1.31223.
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The stock witnessed a 231.74% gain in the last 1 month and extending the period to 3 months gives it a 174.07%, and is 128.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 34.10% over the week and 19.55% over the month.
Renovaro Inc (RENB) has around 25 employees, a market worth around $364.82M and $0.00M in sales. Distance from 52-week low is 373.42% and -64.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-117.10%).
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Renovaro Inc (RENB) Top Institutional Holders
73.0 institutions hold shares in Renovaro Inc (RENB), with institutional investors hold 18.86% of the company’s shares. The shares outstanding are 157.62M, and float is at 78.66M with Short Float at 4.34%. Institutions hold 9.36% of the Float.
Renovaro Inc (RENB) Insider Activity
The most recent transaction is an insider sale by William Anderson Wittekind, the company’s 10% Owner. SEC filings show that William Anderson Wittekind sold 1,114 shares of the company’s common stock on Jul 29 ’24 at a price of $1.30 per share for a total of $1448.0. Following the sale, the insider now owns 0.84 million shares.
Renovaro Inc disclosed in a document filed with the SEC on Jul 17 ’24 that William Anderson Wittekind (10% Owner) sold a total of 16,362 shares of the company’s common stock. The trade occurred on Jul 17 ’24 and was made at $1.46 per share for $23889.0. Following the transaction, the insider now directly holds 0.84 million shares of the RENB stock.
Still, SEC filings show that on Jul 15 ’24, William Anderson Wittekind (10% Owner) disposed off 21,954 shares at an average price of $1.41 for $30955.0. The insider now directly holds 875,795 shares of Renovaro Inc (RENB).
