Renovorx Stock Price on December 31, 2023
| RNXT Stock | USD 1.29 0.08 6.61% |
If you're considering investing in RenovoRx Stock, it is important to understand the factors that can impact its price. As of today, the current price of RenovoRx stands at 1.29, as last reported on the 25th of November, with the highest price reaching 1.58 and the lowest price hitting 1.18 during the day. RenovoRx appears to be risky, given 3 months investment horizon. RenovoRx maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. By analyzing RenovoRx's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please evaluate RenovoRx's Coefficient Of Variation of 895.91, semi deviation of 3.64, and Risk Adjusted Performance of 0.094 to confirm if our risk estimates are consistent with your expectations.
At this time, RenovoRx's Stock Based Compensation is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 6.8 M in 2024, whereas Total Stockholder Equity is likely to drop (3.1 M) in 2024. . Price Earnings To Growth Ratio is likely to gain to 0.29 in 2024, whereas Price Earnings Ratio is likely to drop (2.42) in 2024. RenovoRx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
RenovoRx |
Sharpe Ratio = 0.1176
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Estimated Market Risk
| 4.91 actual daily | 43 57% of assets are more volatile |
Expected Return
| 0.58 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average RenovoRx is performing at about 9% 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 RenovoRx by adding it to a well-diversified portfolio.
Price Book 4.3787 | Book Value (0.28) | Enterprise Value 21.4 M | Enterprise Value Ebitda (4.72) | Shares Float 23.5 M |
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RenovoRx Valuation on December 31, 2023
It is possible to determine the worth of RenovoRx on a given historical date. On December 31, 2023 RenovoRx was worth 1.57 at the beginning of the trading date compared to the closed value of 2.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RenovoRx stock. Still, in general, we apply an absolute valuation method to find RenovoRx's 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 RenovoRx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RenovoRx's related companies.
| Open | High | Low | Close | Volume | |
| 1.20 | 1.47 | 1.12 | 1.47 | 458,500 | |
12/29/2023 | 1.57 | 2.35 | 1.51 | 2.29 | 1,130,200 |
| 1.91 | 2.12 | 1.53 | 1.98 | 645,300 |
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RenovoRx Trading Date Momentum on December 31, 2023
| On January 02 2024 RenovoRx was traded for 1.98 at the closing time. The top price for the day was 2.12 and the lowest listed price was 1.53 . The trading volume for the day was 645.3 K. The trading history from January 2, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 13.54% . The trading delta at closing time against the current closing price is 23.58% . |
RenovoRx Fundamentals Correlations and Trends
By evaluating RenovoRx's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among RenovoRx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RenovoRx financial account trend analysis is a perfect complement when working with valuation or volatility modules.About RenovoRx Stock history
RenovoRx 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 RenovoRx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RenovoRx 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 RenovoRx stock prices may prove useful in developing a viable investing in RenovoRx
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 10 M | |
| Net Loss | -8.9 M | -9.3 M |
RenovoRx Stock Technical Analysis
RenovoRx 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
RenovoRx Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
RenovoRx cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
RenovoRx November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how RenovoRx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RenovoRx shares will generate the highest return on investment. By undertsting and applying RenovoRx stock market strength indicators, traders can identify RenovoRx entry and exit signals to maximize returns
RenovoRx Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for RenovoRx's price direction in advance. Along with the technical and fundamental analysis of RenovoRx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RenovoRx 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 | 0.094 | |||
| Jensen Alpha | 0.4595 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0957 | |||
| Treynor Ratio | 0.8384 |
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Additional Tools for RenovoRx Stock Analysis
When running RenovoRx's price analysis, check to measure RenovoRx's 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 RenovoRx is operating at the current time. Most of RenovoRx's value examination focuses on studying past and present price action to predict the probability of RenovoRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RenovoRx's price. Additionally, you may evaluate how the addition of RenovoRx to your portfolios can decrease your overall portfolio volatility.