Renovaro Biosciences Stock Beta
| RENB Stock | 0.76 0.15 24.59% |
Renovaro Biosciences fundamentals help investors to digest information that contributes to Renovaro Biosciences' financial success or failures. It also enables traders to predict the movement of Renovaro Stock. The fundamental analysis module provides a way to measure Renovaro Biosciences' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Renovaro Biosciences stock.
Renovaro | Beta |
Renovaro Biosciences Company Beta Analysis
Renovaro Biosciences' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Renovaro Biosciences Beta | 0.54 |
Most of Renovaro Biosciences' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Renovaro Biosciences is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Renovaro Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Renovaro Biosciences is extremely important. It helps to project a fair market value of Renovaro Stock properly, considering its historical fundamentals such as Beta. Since Renovaro Biosciences' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Renovaro Biosciences' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Renovaro Biosciences' interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Renovaro Biosciences has a Beta of 0.543. This is much higher than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Renovaro Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Renovaro Biosciences' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Renovaro Biosciences could also be used in its relative valuation, which is a method of valuing Renovaro Biosciences by comparing valuation metrics of similar companies.Renovaro Biosciences is currently under evaluation in beta category among its peers.
Renovaro Biosciences Current Valuation Drivers
We derive many important indicators used in calculating different scores of Renovaro Biosciences from analyzing Renovaro Biosciences' financial statements. These drivers represent accounts that assess Renovaro Biosciences' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Renovaro Biosciences' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 195.1M | 234.4M | 101.4M | 31.9M | 28.7M | 27.3M | |
| Enterprise Value | 193.9M | 221.1M | 99.2M | 35.6M | 32.1M | 30.5M |
Renovaro Biosciences Institutional Holders
Institutional Holdings refers to the ownership stake in Renovaro Biosciences that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Renovaro Biosciences' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Renovaro Biosciences' value.| Shares | Citigroup Inc | 2024-09-30 | 61 K | Goldman Sachs Group Inc | 2024-06-30 | 59.1 K | Rhumbline Advisers | 2024-06-30 | 45.2 K | Alliancebernstein L.p. | 2024-06-30 | 37.9 K | Jane Street Group Llc | 2024-06-30 | 35.8 K | Bank Of America Corp | 2024-06-30 | 26.3 K | Corebridge Financial Inc | 2024-06-30 | 26.2 K | Msa Advisors Llc | 2024-09-30 | 25 K | Amvescap Plc. | 2024-06-30 | 23 K | Vanguard Group Inc | 2024-09-30 | 5.7 M | Blackrock Inc | 2024-06-30 | 3.7 M |
As returns on the market increase, Renovaro Biosciences' returns are expected to increase less than the market. However, during the bear market, the loss of holding Renovaro Biosciences is expected to be smaller as well.
Renovaro Fundamentals
| Return On Equity | -0.9 | ||||
| Return On Asset | -0.15 | ||||
| Current Valuation | 123.65 M | ||||
| Shares Outstanding | 158.72 M | ||||
| Shares Owned By Insiders | 50.37 % | ||||
| Shares Owned By Institutions | 9.30 % | ||||
| Number Of Shares Shorted | 3.41 M | ||||
| Price To Book | 1.22 X | ||||
| EBITDA | (79.52 M) | ||||
| Net Income | (80.65 M) | ||||
| Total Debt | 3.79 M | ||||
| Book Value Per Share | 0.85 X | ||||
| Cash Flow From Operations | (10.97 M) | ||||
| Short Ratio | 4.72 X | ||||
| Earnings Per Share | (0.98) X | ||||
| Number Of Employees | 25 | ||||
| Beta | 0.54 | ||||
| Market Capitalization | 120.05 M | ||||
| Total Asset | 163.13 M | ||||
| Retained Earnings | (324.68 M) | ||||
| Working Capital | (8.46 M) | ||||
| Net Asset | 163.13 M |
About Renovaro Biosciences Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Renovaro Biosciences's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renovaro Biosciences using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renovaro Biosciences based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Renovaro Biosciences offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Renovaro Biosciences' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Renovaro Biosciences Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Renovaro Biosciences Stock:Check out Renovaro Biosciences Piotroski F Score and Renovaro Biosciences Altman Z Score analysis. For information on how to trade Renovaro Stock refer to our How to Trade Renovaro Stock guide.You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renovaro Biosciences. If investors know Renovaro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renovaro Biosciences listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.98) | Return On Assets (0.15) | Return On Equity (0.90) |
The market value of Renovaro Biosciences is measured differently than its book value, which is the value of Renovaro that is recorded on the company's balance sheet. Investors also form their own opinion of Renovaro Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Renovaro Biosciences' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renovaro Biosciences' market value can be influenced by many factors that don't directly affect Renovaro Biosciences' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renovaro Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine if Renovaro Biosciences is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renovaro Biosciences' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.