It is Poised to be a Bull Market for Renalytix Plc ADR (RNLX)

With 1.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.03 shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $0.4480 whereas the lowest price it dropped to was $0.3510. The 52-week range on RNLX shows that it touched its highest point at $4.04 and its lowest point at $0.24 during that stretch. It currently has a 1-year price target of $3.41. Beta for the stock currently stands at 2.25.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RNLX was up-trending over the past week, with a rise of 21.99%, but this was up by 11.17% over a month. Three-month performance dropped to -60.73% while six-month performance fell -86.19%. The stock lost -87.75% in the past year, while it has lost -2.28% so far this year. A look at the trailing 12-month EPS for RNLX yields -1.01 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.09. This implies an EPS growth rate of 32.75% for this year and 29.43% for next year.

Float and Shares Shorts:

At present, 46.89 million RNLX shares are outstanding with a float of 46.30 million shares on hand for trading. On Jan 31, 2024, short shares totaled 0.6 million, which was 1.20% higher than short shares on Dec 29, 2023. In addition to RBLX as the firm’s Roblox Corporation, RELX serves as its RELX PLC PLC.

Institutional Ownership:

Through their ownership of 9.14% of RNLX’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RNLX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RNLX analysts setting a high price target of $5.00 and a low target of $2.22, the average target price over the next 12 months is $3.41. Based on these targets, RNLX could surge 1215.79% to reach the target high and rise by 484.21% to reach the target low. Reaching the average price target will result in a growth of 797.37% from current levels.