Renovaro Inc (NASDAQ: RENB) Could Bring Massive Returns?

In today’s recent session, 1.05 million shares of the Renovaro Inc (NASDAQ:RENB) have been traded, and its beta is 0.65. Most recently the company’s share price was $1.90, and it changed around $0.13 or 7.34% from the last close, which brings the market valuation of the company to $370.67M. RENB at last check was trading at a discount to its 52-week high of $5.25, offering almost -176.32% off that amount. The share price’s 52-week low was $0.40, which indicates that the recent value has risen by an impressive 78.95% since then. We note from Renovaro Inc’s average daily trading volume that its 10-day average is 1.13 million shares, with the 3-month average coming to 612.16K.

Renovaro Inc (NASDAQ:RENB) trade information

Instantly RENB has been showing a green trend so far today with a performance of 7.34% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.0900 on recent trading dayincreased the stock’s daily price by 9.09%. The company’s shares are currently down -40.06% year-to-date, but still up 131.71% over the last five days. On the other hand, Renovaro Inc (NASDAQ:RENB) is 237.06% up in the 30-day period. We can see from the shorts that 3.23 million shares have been sold at a short interest cover period of 4.72 day(s).

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Renovaro Inc (NASDAQ:RENB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 50.38% of Renovaro Inc shares, and 9.36% of them are in the hands of institutional investors. The stock currently has a share float of 18.86%.

Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 3.34 shares worth $6.32 million, making up 8.62% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.87 shares worth around $3.53 million, which represents about 4.82% of the total shares outstanding.