Renovorx Stock Net Asset
| RNXT Stock | USD 1.21 0.02 1.68% |
RenovoRx fundamentals help investors to digest information that contributes to RenovoRx's financial success or failures. It also enables traders to predict the movement of RenovoRx Stock. The fundamental analysis module provides a way to measure RenovoRx's 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 RenovoRx stock.
RenovoRx | Net Asset |
RenovoRx Company Net Asset Analysis
RenovoRx's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current RenovoRx Net Asset | 1.47 M |
Most of RenovoRx's fundamental indicators, such as Net Asset, 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, RenovoRx is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
RenovoRx Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for RenovoRx is extremely important. It helps to project a fair market value of RenovoRx Stock properly, considering its historical fundamentals such as Net Asset. Since RenovoRx's 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 RenovoRx's 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 RenovoRx's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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RenovoRx Total Assets
Total Assets |
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Based on the recorded statements, RenovoRx has a Net Asset of 1.47 M. This is much higher than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The net asset for all United States stocks is notably lower than that of the firm.
RenovoRx Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RenovoRx's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of RenovoRx could also be used in its relative valuation, which is a method of valuing RenovoRx by comparing valuation metrics of similar companies.RenovoRx is currently under evaluation in net asset category among its peers.
RenovoRx Institutional Holders
Institutional Holdings refers to the ownership stake in RenovoRx that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of RenovoRx's 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 RenovoRx's value.| Shares | Tower Research Capital Llc | 2024-06-30 | 7.4 K | Ubs Group Ag | 2024-06-30 | 1.3 K | Royal Bank Of Canada | 2024-06-30 | 203 | Bank Of America Corp | 2024-06-30 | 182 | Family Firm Inc | 2024-09-30 | 0.0 | Wells Fargo & Co | 2024-06-30 | 0.0 | Renaissance Technologies Corp | 2024-09-30 | 0.0 | Adar1 Capital Management Llc | 2024-06-30 | 355.2 K | Geode Capital Management, Llc | 2024-06-30 | 143.9 K | Watch Point Trust Co | 2024-09-30 | 97.2 K | Millennium Management Llc | 2024-06-30 | 86.3 K |
RenovoRx Fundamentals
| Return On Equity | -1.55 | ||||
| Return On Asset | -0.7 | ||||
| Current Valuation | 19 M | ||||
| Shares Outstanding | 24 M | ||||
| Shares Owned By Insiders | 1.90 % | ||||
| Shares Owned By Institutions | 8.18 % | ||||
| Number Of Shares Shorted | 71.85 K | ||||
| Price To Book | 4.04 X | ||||
| EBITDA | (11.39 M) | ||||
| Net Income | (10.23 M) | ||||
| Cash And Equivalents | 10.77 M | ||||
| Cash Per Share | 1.19 X | ||||
| Total Debt | 4.47 M | ||||
| Current Ratio | 10.01 X | ||||
| Book Value Per Share | (0.28) X | ||||
| Cash Flow From Operations | (10.26 M) | ||||
| Short Ratio | 3.43 X | ||||
| Earnings Per Share | (0.58) X | ||||
| Target Price | 5.25 | ||||
| Beta | 0.99 | ||||
| Market Capitalization | 28.56 M | ||||
| Total Asset | 1.47 M | ||||
| Retained Earnings | (41.41 M) | ||||
| Working Capital | 291 K | ||||
| Net Asset | 1.47 M |
About RenovoRx Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze RenovoRx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RenovoRx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RenovoRx 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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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.