Renalytix Stock Analysis

RNLX -  USA Stock  

USD 33.61  0.61  1.85%

The current bullish price patterns experienced by current Renalytix AI Plc shareholders created some momentum for investors as it was traded today as low as 32.55 and as high as 33.89 per share. The company directors and management have been very successful in rebalancing the company assets at opportune times to take advantage of market volatility in May. The stock standard deviation of daily returns for 90 days investing horizon is currently 4.08. This high volatility is attributed to the latest market swings and not so good earnings reports for some of the Renalytix partners.
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The Renalytix stock analysis report makes it easy to digest most publicly released information about Renalytix and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Renalytix stock analysis module also helps to analyze the Renalytix price relationship with some important fundamental indicators such as market cap and management efficiency.

Renalytix Stock Analysis Notes

About 15.0% of the company shares are owned by institutional investors. The company had not issued any dividends in recent years. Renalytix AI plc develops artificial intelligence-enabled in vitro diagnostic solutions for kidney diseases. The company was founded in 2018 and is based in Cardiff, the United Kingdom. Renalytix operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 8 people. To find out more about Renalytix AI Plc contact the company at 44 20 3139 2910 or learn more at http://www.renalytixai.com.

Renalytix AI Plc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Renalytix's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Renalytix AI Plc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Renalytix AI Plc has very high historical volatility over the last 90 days
Renalytix AI Plc has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 400 K. Net Loss for the year was (17.65 M).
Renalytix AI Plc currently holds about 74.53 M in cash with (22.28 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.07.
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Renalytix Market Capitalization

The company currently falls under 'Mid-Cap' category with current market capitalization of 1.17 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Renalytix's market, we take the total number of its shares issued and multiply it by Renalytix's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities.

Management Efficiency

The entity has return on total asset (ROA) of (16.05) % which means that it has lost $16.05 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (23.63) %, meaning that it created substantial loss on money invested by shareholders. Renalytix management efficiency ratios could be used to measure how well renalytix ai plc manages its routine affairs as well as how well it operates its assets and liabilities.

Technical Drivers

As of the 17th of June 2021, Renalytix holds the Coefficient Of Variation of 2094.37, semi deviation of 3.45, and Risk Adjusted Performance of 0.0384. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Renalytix, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for Renalytix AI Plc, which can be compared to its competitors. Please check Renalytix AI Plc variance and potential upside to decide if Renalytix AI Plc is priced some-what accurately, providing market reflects its current price of 33.61 per share. Given that Renalytix has jensen alpha of 0.2749, we recommend you to check out Renalytix AI Plc's recent market performance to make sure the company can sustain itself at a future point.

Renalytix AI Plc Price Movement Analysis

The output start index for this execution was fourty-nine with a total number of output elements of twelve. The Exponential Moving Average is calculated by weighting recent values of Renalytix AI Plc more heavily than older values. View also all equity analysis or get more info about exponential moving average overlap studies indicator.

Renalytix Predictive Daily Indicators

Renalytix intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Renalytix stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Renalytix Forecast Models

Renalytix time-series forecasting models is one of many Renalytix's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Renalytix's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

About Renalytix Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Renalytix stock is reacting to, or reflecting on a current stock market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Renalytix shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual stock such as Renalytix. By using and applying Renalytix Stock analysis, traders can create a robust methodology for identifying Renalytix entry and exit points for their positions.
Renalytix AI plc develops artificial intelligence-enabled in vitro diagnostic solutions for kidney diseases. The company was founded in 2018 and is based in Cardiff, the United Kingdom. Renalytix operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 8 people.

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As an investor, your ultimate goal is to build wealth. Optimizing your investment portfolio is an essential element in this goal. Using our stock analysis tools, you can find out how much better you can do when adding Renalytix to your portfolios without increasing risk or reducing expected return.

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Additionally, take a look at Your Equity Center. Note that the Renalytix AI Plc information on this page should be used as a complementary analysis to other Renalytix's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

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When running Renalytix AI Plc stock 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 stock 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 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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The market value of Renalytix AI Plc 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 stock'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 AI Plc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renalytix's stock value and its price as these two are different measures arrived at by different means. Investors typically determine Renalytix value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renalytix's stock 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.