Renovaro Inc (NASDAQ: RENB) is -80.70% lower on its value in year-to-date trading and has touched a low of $0.27 and a high of $2.10 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 $0.31 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.3, the stock is -9.15% and -7.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -4.25% at the moment leaves the stock -53.65% off its SMA200. RENB registered -64.43% loss for a year compared to 6-month loss of -70.28%. The firm has a 50-day simple moving average (SMA 50) of $0.32256 and a 200-day simple moving average (SMA200) of $0.641185.
The stock witnessed a -17.51% gain in the last 1 month and extending the period to 3 months gives it a -26.42%, and is 6.41% 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 6.12% over the week and 11.79% over the month.
Renovaro Inc (RENB) has around 25 employees, a market worth around $51.16M and $0.00M in sales. Distance from 52-week low is 10.07% and -85.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-84.13%).
88.0 institutions hold shares in Renovaro Inc (RENB), with institutional investors hold 24.36% of the company’s shares. The shares outstanding are 162.39M, and float is at 83.77M with Short Float at 5.97%. Institutions hold 12.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.64 million shares valued at $9.88 million. The investor’s holdings represent 5.864 of the RENB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.66 million shares valued at $6.4 million to account for 3.7995 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 1.73 million shares representing 1.7957 and valued at over $3.02 million, while STATE STREET CORP holds 1.3254 of the shares totaling 1.28 million with a market value of $2.23 million.
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).
