Renovaro Inc. (NASDAQ: RENB) Surprises Wall Street With 28.40% Stock Price Gain

Renovaro Inc. (NASDAQ:RENB) has a beta value of 0.56 and has seen 1.86 million shares traded in the last trading session. The company, currently valued at $110.50M, closed the last trade at $0.71 per share which meant it gained $0.16 on the day or 28.40% during that session. The RENB stock price is -639.44% off its 52-week high price of $5.25 and 43.66% above the 52-week low of $0.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.92 million shares traded. The 3-month trading volume is 571.18K shares.

Renovaro Inc. (NASDAQ:RENB) trade information

Sporting 28.40% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RENB stock price touched $0.71 or saw a rise of 11.25%. Year-to-date, Renovaro Inc. shares have moved -77.68%, while the 5-day performance has seen it change 71.52%. Over the past 30 days, the shares of Renovaro Inc. (NASDAQ:RENB) have changed 10.91%. Short interest in the company has seen 3.51 million shares shorted with days to cover at 8.6.

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Renovaro Inc. (RENB) estimates and forecasts

The company’s shares have lost -70.76% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.80% over the past 5 years.

RENB Dividends

Renovaro Inc. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Renovaro Inc. (NASDAQ:RENB)’s Major holders

Insiders own 23.57% of the company shares, while shares held by institutions stand at 9.12% with a share float percentage of 11.94%. Investors are also buoyed by the number of investors in a company, with Renovaro Inc. having a total of 60.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 8.62% shares in the company for having 3.34 shares of worth $2.36 million while later fund manager owns 1.87 shares of worth $1.32 million as of Jun 30, 2024 , which makes it owner of about 4.82% of company’s outstanding stock.