With 51.22% Distance From Low, Is Renovaro Inc (NASDAQ:RENB) Still Renewed For Growth?

In last trading session, Renovaro Inc (NASDAQ:RENB) saw 0.59 million shares changing hands with its beta currently measuring 0.46. Company’s recent per share price level of $0.82 trading at -$0.03 or -2.59% at ring of the bell on the day assigns it a market valuation of $130.92M. That closing price of RENB’s stock is at a discount of -312.2% from its 52-week high price of $3.38 and is indicating a premium of 51.22% from its 52-week low price of $0.40.

Renovaro Inc (NASDAQ:RENB) trade information

Upright in the red during last session for losing -2.59%, in the last five days RENB remained trading in the green while hitting it’s week-highest on Thursday, 02/20/25 when the stock touched $0.82 price level, adding 7.87% to its value on the day. Renovaro Inc’s shares saw a change of -1.27% in year-to-date performance and have moved 11.17% in past 5-day. Renovaro Inc (NASDAQ:RENB) showed a performance of 3.51% in past 30-days.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.80% during past 5 years.

Renovaro Inc (NASDAQ:RENB)’s Major holders

VANGUARD GROUP INC is the top institutional holder at RENB for having 5.64 million shares of worth $9.88 million. And as of 2024-06-30, it was holding 5.864 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 3.66 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.7995 of outstanding shares, having a total worth of $6.4 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 3.34 shares of worth $2.76 million or 8.62% of the total outstanding shares. The later fund manager was in possession of 1.87 shares on Sep 30, 2024 , making its stake of worth around $1.54 million in the company or a holder of 4.82% of company’s stock.