Renovaro Inc. [NASDAQ: RENB] gained 9.20% or 0.04 points to close at $0.50 with a heavy trading volume of 2509767 shares.
The daily chart for RENB points out that the company has recorded -82.00% loss over the past six months.
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If we look at the average trading volume of 505.44K shares, RENB reached to a volume of 2509767 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Renovaro Inc. [RENB]:
The Average True Range (ATR) for Renovaro Inc. is set at 0.08 The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for RENB stock
Renovaro Inc. [RENB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.82. With this latest performance, RENB shares dropped by -3.26% in over the last four-week period, additionally sinking by -82.00% over the last 6 months – not to mention a drop of -88.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RENB stock in for the last two-week period is set at 40.76, with the RSI for the last a single of trading hit 43.95, and the three-weeks RSI is set at 39.28 for Renovaro Inc. [RENB]. The present Moving Average for the last 50 days of trading for this stock 0.6438, while it was recorded at 0.4798 for the last single week of trading, and 1.9968 for the last 200 days.
Renovaro Inc. [RENB]: A deeper dive into fundamental analysis
Renovaro Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.06 and a Current Ratio set at 0.06.
An analysis of Institutional ownership at Renovaro Inc. [RENB]
There are presently around $9.67%, or 12.88%% of RENB stock, in the hands of institutional investors.
