Renalytix Ai Stock Price on September 26, 2024
| RNLX Stock | USD 0.62 0.01 1.59% |
If you're considering investing in Renalytix Stock, it is important to understand the factors that can impact its price. As of today, the current price of Renalytix stands at 0.62, as last reported on the 11th of May 2024, with the highest price reaching 0.63 and the lowest price hitting 0.61 during the day. Renalytix AI maintains Sharpe Ratio (i.e., Efficiency) of -0.0419, which implies the firm had a -0.0419% return per unit of risk over the last 3 months. Renalytix AI exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renalytix's Risk Adjusted Performance of 0.0875, coefficient of variation of 793.8, and Semi Deviation of 9.19 to confirm the risk estimate we provide.
At this time, Renalytix's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 51 M in 2024, whereas Common Stock Total Equity is likely to drop slightly above 160.2 K in 2024. . At this time, Renalytix's Price Book Value Ratio is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to rise to 0.09 in 2024, whereas Price To Sales Ratio is likely to drop 38.53 in 2024. Renalytix Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Renalytix |
Sharpe Ratio = -0.0419
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Estimated Market Risk
| 11.51 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Renalytix is not performing at its full potential. However, 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 Renalytix by adding Renalytix to a well-diversified portfolio.
Price Book 20.6824 | Enterprise Value Ebitda (1.41) | Price Sales 22.888 | Shares Float 65 M | Wall Street Target Price 4 |
Renalytix Valuation on September 26, 2024
It is possible to determine the worth of Renalytix on a given historical date. On September 26, 2024 Renalytix was worth 0.63 at the beginning of the trading date compared to the closed value of 0.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Renalytix stock. Still, in general, we apply an absolute valuation method to find Renalytix'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 Renalytix where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Renalytix's related companies.
| Open | High | Low | Close | Volume | |
| 0.65 | 0.65 | 0.62 | 0.63 | 180,198 | |
05/10/2024 | 0.63 | 0.63 | 0.61 | 0.62 | 238,100 |
| Backtest Renalytix | | | Renalytix History | | | Renalytix Valuation | Previous |
Renalytix Trading Date Momentum on September 26, 2024
| On May 10 2024 Renalytix AI was traded for 0.62 at the closing time. The top price for the day was 0.63 and the lowest listed price was 0.61 . The trading volume for the day was 238.1 K. The trading history from May 10, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.61% . |
Renalytix AI Fundamentals Correlations and Trends
By evaluating Renalytix'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 Renalytix's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Renalytix financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Renalytix Stock history
Renalytix 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 Renalytix is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Renalytix AI 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 Renalytix stock prices may prove useful in developing a viable investing in Renalytix
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 37 M | 29.1 M | |
| Net Loss | -41 M | -39 M |
Renalytix Stock Technical Analysis
Renalytix 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.
Price Boundaries
Renalytix Period Price Range
Low | May 10, 2024
| High |
0.63 | 0.62 |
Renalytix May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Renalytix stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Renalytix shares will generate the highest return on investment. By undertsting and applying Renalytix stock market strength indicators, traders can identify Renalytix AI entry and exit signals to maximize returns
| Accumulation Distribution | 7558.73 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 0.62 | |||
| Day Typical Price | 0.62 | |||
| Price Action Indicator | (0.01) | |||
| Period Momentum Indicator | (0.01) |
Renalytix Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Renalytix's price direction in advance. Along with the technical and fundamental analysis of Renalytix Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Renalytix 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.
| Risk Adjusted Performance | 0.0875 | |||
| Jensen Alpha | 5.3 | |||
| Total Risk Alpha | 0.2251 | |||
| Sortino Ratio | 0.3648 | |||
| Treynor Ratio | (0.25) |
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| Price Transform | ||
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renalytix AI. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Renalytix Stock analysis
When running Renalytix's price analysis, check to measure Renalytix'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 Renalytix is operating at the current time. Most of Renalytix's value examination focuses on studying past and present price action to predict the probability of Renalytix's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renalytix's price. Additionally, you may evaluate how the addition of Renalytix to your portfolios can decrease your overall portfolio volatility.
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Is Renalytix's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renalytix. If investors know Renalytix will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renalytix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.90) | Revenue Per Share 0.052 | Quarterly Revenue Growth (0.41) | Return On Assets (0.88) | Return On Equity (6.51) |
The market value of Renalytix AI is measured differently than its book value, which is the value of Renalytix that is recorded on the company's balance sheet. Investors also form their own opinion of Renalytix's value that differs from its market value or its book value, called intrinsic value, which is Renalytix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renalytix's market value can be influenced by many factors that don't directly affect Renalytix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renalytix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renalytix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renalytix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.