Renovorx Stock Price on February 12, 2024

RNXT Stock  USD 1.29  0.02  1.57%   
If you're considering investing in RenovoRx Stock, it is important to understand the factors that can impact its price. As of today, the current price of RenovoRx stands at 1.29, as last reported on the 25th of December, with the highest price reaching 1.33 and the lowest price hitting 1.18 during the day. RenovoRx appears to be risky, given 3 months investment horizon. RenovoRx maintains Sharpe Ratio (i.e., Efficiency) of 0.0985, which implies the firm had a 0.0985% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for RenovoRx, which you can use to evaluate the volatility of the company. Please evaluate RenovoRx's Risk Adjusted Performance of 0.085, semi deviation of 3.78, and Coefficient Of Variation of 1041.89 to confirm if our risk estimates are consistent with your expectations.
  
At this time, RenovoRx's Stock Based Compensation is comparatively stable compared to the past year. Issuance Of Capital Stock is likely to gain to about 6.8 M in 2024, whereas Total Stockholder Equity is likely to drop (3.1 M) in 2024. . Price Earnings To Growth Ratio is likely to gain to 0.29 in 2024, whereas Price Earnings Ratio is likely to drop (2.42) in 2024. RenovoRx Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0985

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Estimated Market Risk

 4.74
  actual daily
42
58% of assets are more volatile

Expected Return

 0.47
  actual daily
9
91% of assets have higher returns

Risk-Adjusted Return

 0.1
  actual daily
7
93% of assets perform better
Based on monthly moving average RenovoRx is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of RenovoRx by adding it to a well-diversified portfolio.
Price Book
4.3108
Book Value
(0.28)
Enterprise Value
20.9 M
Enterprise Value Ebitda
(4.72)
Shares Float
23.5 M

RenovoRx Main Headline on 12th of February 2024

Filed transaction by Renovorx Inc officer. Unconventional Insider trading

RenovoRx Valuation on February 12, 2024

It is possible to determine the worth of RenovoRx on a given historical date. On February 12, 2024 RenovoRx was worth 1.59 at the beginning of the trading date compared to the closed value of 1.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of RenovoRx stock. Still, in general, we apply an absolute valuation method to find RenovoRx's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of RenovoRx where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against RenovoRx's related companies.
 Open High Low Close Volume
  1.66    1.66    1.48    1.59    14,024  
02/12/2024
  1.59    1.59    1.34    1.54    35,674  
  1.58    1.59    1.47    1.58    27,848  
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Open Value
1.59
1.54
Closing Value
15.80
Upside

RenovoRx Trading Date Momentum on February 12, 2024

On February 13 2024 RenovoRx was traded for  1.58  at the closing time. The top price for the day was 1.59  and the lowest listed price was  1.47 . The trading volume for the day was 27.8 K. The trading history from February 13, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 2.60% . The trading delta at closing time against the current closing price is 6.49% .

RenovoRx Fundamentals Correlations and Trends

By evaluating RenovoRx's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among RenovoRx's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. RenovoRx financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About RenovoRx Stock history

RenovoRx investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for RenovoRx is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in RenovoRx will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing RenovoRx stock prices may prove useful in developing a viable investing in RenovoRx
Last ReportedProjected for Next Year
Common Stock Shares Outstanding10.3 M10 M
Net Loss-8.9 M-9.3 M

RenovoRx Stock Technical Analysis

RenovoRx technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of RenovoRx technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of RenovoRx trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

RenovoRx Period Price Range

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December 25, 2024
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RenovoRx December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how RenovoRx stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading RenovoRx shares will generate the highest return on investment. By undertsting and applying RenovoRx stock market strength indicators, traders can identify RenovoRx entry and exit signals to maximize returns

RenovoRx Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for RenovoRx's price direction in advance. Along with the technical and fundamental analysis of RenovoRx Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of RenovoRx to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Additional Tools for RenovoRx Stock Analysis

When running RenovoRx's price analysis, check to measure RenovoRx's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RenovoRx is operating at the current time. Most of RenovoRx's value examination focuses on studying past and present price action to predict the probability of RenovoRx's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RenovoRx's price. Additionally, you may evaluate how the addition of RenovoRx to your portfolios can decrease your overall portfolio volatility.