Renovaro Biosciences Stock Price on November 29, 2024
| RENB Stock | 0.76 0.15 24.59% |
Below is the normalized historical share price chart for Renovaro Biosciences extending back to February 02, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Renovaro Biosciences stands at 0.76, as last reported on the 1st of December, with the highest price reaching 0.83 and the lowest price hitting 0.65 during the day.
If you're considering investing in Renovaro Stock, it is important to understand the factors that can impact its price. Renovaro Biosciences is out of control given 3 months investment horizon. Renovaro Biosciences maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.06% are justified by taking the suggested risk. Use Renovaro Biosciences Risk Adjusted Performance of 0.0598, semi deviation of 7.42, and Coefficient Of Variation of 1510.96 to evaluate company specific risk that cannot be diversified away.
At present, Renovaro Biosciences' Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 479.7 M, whereas Total Stockholder Equity is forecasted to decline to about 78.5 M. . At present, Renovaro Biosciences' Price Book Value Ratio is projected to increase significantly based on the last few years of reporting. The current year's Price To Book Ratio is expected to grow to 1.19, whereas Price To Sales Ratio is forecasted to decline to 1,052. Renovaro Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of February 2015 | 200 Day MA 1.3327 | 50 Day MA 0.5509 | Beta 0.543 |
Renovaro |
Sharpe Ratio = 0.1061
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Estimated Market Risk
| 10.01 actual daily | 89 89% of assets are less volatile |
Expected Return
| 1.06 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Renovaro Biosciences is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Renovaro Biosciences by adding it to a well-diversified portfolio.
Price Book 1.224 | Book Value 0.851 | Enterprise Value 123.7 M | Enterprise Value Ebitda (7.37) | Shares Float 77.7 M |
Related Headline
Allient Headline on 29th of November 2024
Short Interest in Allient Inc. Drops By 33.6 by thelincolnianonline.com
Allient Inc. saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 170,400 shares, a drop of 33.6 percent from the October 31st total of 256,700 shares. Based on an average trading volume of 149,400 shares, the days-to-cover ratio is
Renovaro Biosciences Valuation on November 29, 2024
It is possible to determine the worth of Renovaro Biosciences on a given historical date. On November 29, 2024 Renovaro was worth 0.65 at the beginning of the trading date compared to the closed value of 0.76. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renovaro Biosciences stock. Still, in general, we apply an absolute valuation method to find Renovaro Biosciences' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Renovaro Biosciences where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renovaro Biosciences' related companies.
| Open | High | Low | Close | Volume | |
| 0.52 | 0.62 | 0.52 | 0.61 | 603,205 | |
11/29/2024 | 0.65 | 0.83 | 0.65 | 0.76 | 897,310 |
| 0.65 | 0.83 | 0.65 | 0.76 | 0.00 |
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Renovaro Biosciences Trading Date Momentum on November 29, 2024
| On December 01 2024 Renovaro Biosciences was traded for 0.76 at the closing time. The top price for the day was 0.83 and the lowest listed price was 0.65 . There was no trading activity during the period 0.0. Lack of trading volume on December 1, 2024 did not cause price change. The trading delta at closing time against the current closing price is 14.47% . |
Renovaro Biosciences Fundamentals Correlations and Trends
By evaluating Renovaro Biosciences' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Renovaro Biosciences' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renovaro financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renovaro Biosciences Stock history
Renovaro Biosciences investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Renovaro is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renovaro Biosciences will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Renovaro Biosciences stock prices may prove useful in developing a viable investing in Renovaro Biosciences
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 96.2 M | 101.1 M | |
| Net Loss | -35.7 M | -37.5 M |
Renovaro Biosciences Stock Technical Analysis
Renovaro Biosciences technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Renovaro Biosciences Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Renovaro Biosciences December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Renovaro Biosciences stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renovaro Biosciences shares will generate the highest return on investment. By undertsting and applying Renovaro Biosciences stock market strength indicators, traders can identify Renovaro Biosciences entry and exit signals to maximize returns
Renovaro Biosciences Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renovaro Biosciences' price direction in advance. Along with the technical and fundamental analysis of Renovaro Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renovaro to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.4551 | |||
| Total Risk Alpha | (1.03) | |||
| Sortino Ratio | 0.0654 | |||
| Treynor Ratio | 0.4142 |
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Complementary Tools for Renovaro Stock analysis
When running Renovaro Biosciences' price analysis, check to measure Renovaro Biosciences' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renovaro Biosciences is operating at the current time. Most of Renovaro Biosciences' value examination focuses on studying past and present price action to predict the probability of Renovaro Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renovaro Biosciences' price. Additionally, you may evaluate how the addition of Renovaro Biosciences to your portfolios can decrease your overall portfolio volatility.
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