Momentum Is Strong For Renovaro Inc (NASDAQ: RENB)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Renovaro Inc is $141.85M. A total of 0.92 million shares were traded on the day, compared to an average of 1.76M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RENB has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 0 BUYs and 0 SELLs from insiders. Insiders purchased 0 shares during that period but sold 0.

In the most recent transaction, William Anderson Wittekind sold 1,114 shares of RENB for 1.30 per share on Jul 29 ’24. After the transaction, the 10% Owner now owns 840,319 company shares. In a previous transaction on Jul 17 ’24, William Anderson Wittekind sold 16,362 shares at 1.46 per share. RENB shares that 10% Owner owns now total 841,433.

Among the insiders who sold shares, William Anderson Wittekind disposed of 21,954 shares on Jul 15 ’24 at a per-share price of $1.41. This resulted in the 10% Owner holding 875,795 shares of RENB after the transaction. In another insider transaction, William Anderson Wittekind sold 75,000 shares at $1.51 per share on Jul 10 ’24. Company shares held by the 10% Owner now total 894,645.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RENB has a high of $3.38 and a low of $0.40.

As of this writing, RENB has an earnings estimate of $0 per share for the current quarter.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RENB’s latest balance sheet shows that the firm has $9.17M in Cash & Short Term Investments as of fiscal 2022. There were $7.02M in debt and $6.45M in liabilities at the time. Its Book Value Per Share was $0.51, while its Total Shareholder’s Equity was $72.62M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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