There Is Clear Momentum For Renovaro Inc (NASDAQ: RENB)

Renovaro Inc (RENB) concluded trading on Wednesday at a closing price of $1.19, with 31.33 million shares of worth about $37.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 73.82% during that period and on Wednesday the price saw a gain of about 53.95%. Currently the company’s common shares owned by public are about 162.14M shares, out of which, 77.15M shares are available for trading.

Stock saw a price change of 38.37% in past 5 days and over the past one month there was a price change of 44.47%. Year-to-date (YTD), RENB shares are showing a performance of 42.43% which decreased to -41.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.40 but also hit the highest price of $3.38 during that period. The average intraday trading volume for Renovaro Inc shares is 1.21 million. The stock is currently trading 51.12% above its 20-day simple moving average (SMA20), while that difference is up 25.77% for SMA50 and it goes to 28.03% higher than SMA200.

Renovaro Inc (NASDAQ: RENB) currently have 162.14M outstanding shares and institutions hold larger chunk of about 13.91% of that.

The stock has a current market capitalization of $188.88M and its 3Y-monthly beta is at 0.46. It has posted earnings per share of -$1.01 in the same period. It has Quick Ratio of 0.06 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RENB, volatility over the week remained 25.25% while standing at 13.10% over the month.

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