Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Renovaro Inc (NASDAQ: RENB) was $0.83 for the day, down -9.66% from the previous closing price of $0.92. In other words, the price has decreased by -$9.66 from its previous closing price. On the day, 0.6 million shares were traded. RENB stock price reached its highest trading level at $0.9379 during the session, while it also had its lowest trading level at $0.8076.
Ratios:
Our analysis of RENB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.08 and its Current Ratio is at 0.08. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.01.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 29 ’24 when William Anderson Wittekind sold 1,114 shares for $1.30 per share. The transaction valued at 1,448 led to the insider holds 840,319 shares of the business.
William Anderson Wittekind sold 16,362 shares of RENB for $23,889 on Jul 17 ’24. The 10% Owner now owns 841,433 shares after completing the transaction at $1.46 per share. On Jul 15 ’24, another insider, William Anderson Wittekind, who serves as the 10% Owner of the company, sold 21,954 shares for $1.41 each. As a result, the insider received 30,955 and left with 875,795 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RENB now has a Market Capitalization of 132369968 and an Enterprise Value of 94968240.
Stock Price History:
Over the past 52 weeks, RENB has reached a high of $5.25, while it has fallen to a 52-week low of $0.40. The 50-Day Moving Average of the stock is -11.17%, while the 200-Day Moving Average is calculated to be -27.98%.
Shares Statistics:
RENB traded an average of 1.04M shares per day over the past three months and 2090140 shares per day over the past ten days. A total of 157.62M shares are outstanding, with a floating share count of 77.15M. Insiders hold about 51.39% of the company’s shares, while institutions hold 9.29% stake in the company. Shares short for RENB as of 1730332800 were 3231008 with a Short Ratio of 3.73, compared to 1727654400 on 3512277. Therefore, it implies a Short% of Shares Outstanding of 3231008 and a Short% of Float of 2.8499998.
