Renovaro Inc (NASDAQ: RENB) is 24.48% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RENB stock was last observed hovering at around $0.80 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $1.04, the stock is 19.38% and 5.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing 30.51% at the moment leaves the stock -2.57% off its SMA200. RENB registered -78.42% loss for a year compared to 6-month gain of -21.80%. The firm has a 50-day simple moving average (SMA 50) of $0.97416 and a 200-day simple moving average (SMA200) of $1.076.
The stock witnessed a -32.69% loss in the last 1 month and extending the period to 3 months gives it a 76.57%, and is 33.33% 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 15.66% over the week and 21.22% over the month.
Renovaro Inc (RENB) has around 25 employees, a market worth around $165.06M and $0.00M in sales. Distance from 52-week low is 163.29% and -80.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-117.10%).
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 77.15M with Short Float at 6.57%. Institutions hold 9.36% of the Float.
The top institutional shareholder in the company is COMMONWEALTH EQUITY SERVICES, LLC with over 0.1 million shares valued at $0.18 million. The investor’s holdings represent 0.1055 of the RENB Shares outstanding. As of 2024-06-30, the second largest holder is MSA ADVISORS, LLC with 25000.0 shares valued at $43750.0 to account for 0.026 of the shares outstanding.
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).
