Renovaro Inc (NASDAQ: RENB) Stock’s Potential for Success in the Coming Months

In the last trading session, 1.36 million Renovaro Inc (NASDAQ:RENB) shares changed hands as the company’s beta touched 0.54. With the company’s per share price at $0.31 changed hands at -$0.01 or -2.81% during last session, the market valuation stood at $71.13M. RENB’s last price was a discount, traded about -577.42% off its 52-week high of $2.10. The share price had its 52-week low at $0.26, which suggests the last value was 16.13% up since then. When we look at Renovaro Inc’s average trading volume, we note the 10-day average is 1.21 million shares, with the 3-month average coming to 3.52 million.

Renovaro Inc (NASDAQ:RENB) trade information

Instantly RENB was in red as seen at the end of in last trading. With action 9.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -78.61%, with the 5-day performance at 9.65% in the green. However, in the 30-day time frame, Renovaro Inc (NASDAQ:RENB) is -10.31% down. Looking at the short shares, we see there were 5.0 million shares sold at short interest cover period of 0.7 days.

Renovaro Inc (NASDAQ:RENB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 47.27% of Renovaro Inc shares while 12.85% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 24.36%. There are 12.85% institutions holding the Renovaro Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 5.864% of the shares, roughly 5.64 million RENB shares worth $9.88 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.7995% or 3.66 million shares worth $6.4 million as of 2024-06-30.

Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 3.34 shares estimated at $1.03 million under it, the former controlled 8.62% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 7.13% of the shares, roughly 2.77 shares worth around $0.85 million.

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