Renovaro Inc. (NASDAQ:RENB): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Renovaro Inc. (NASDAQ:RENB) last traded at $0.70, down -4.10% from the previous session.

RENB stock price is now -49.83% away from the 50-day moving average and -72.90% away from the 200-day moving average. The market capitalization of the company currently stands at $103.26M.

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In other news, William Anderson Wittekind, 10% Owner sold 16,362 shares of the company’s stock on Jul 17 ’24. The stock was sold for $23,889 at an average price of $1.46. Upon completion of the transaction, the 10% Owner now directly owns 841,433 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, 10% Owner William Anderson Wittekind sold 21,954 shares of the business’s stock. A total of $30,955 was realized by selling the stock at an average price of $1.41. This leaves the insider owning 875,795 shares of the company worth $0.61 million. A total of 45.10% of the company’s stock is owned by insiders.

During the past 12 months, Renovaro Inc. has had a low of $0.61 and a high of $5.25. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 0.06, and a quick ratio of 0.06. The fifty day moving average price for RENB is $1.3901 and a two-hundred day moving average price translates $2.56362 for the stock.

The latest earnings results from Renovaro Inc. (NASDAQ: RENB) was released for 2024-03-31. The company reported revenue of $17.19 million for the quarter, compared to $4.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 323.11 percent.

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