Rennova Health Inc (NASDAQ:RNVA) share price soared 34.68% or 0.029 points to reach at $0.113 during previous trading session. The stock’s price fluctuated within the range of $0.08 – $0.12 during previous trading session. A total of 38.26M shares exchanged hands, whereas the company’s average trading volume stands at 7.00M shares. Rennova Health Inc (NASDAQ:RNVA) has a market capitalization of $9.57M and most recently 84.01M outstanding shares have been calculated.
In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.
Relative strength index (RSI-14) for Rennova Health Inc (NASDAQ:RNVA) is at 54.92.
According to sentiments of 1 analyst the mean estimates of short term price target for the company’s stock is marked at $18.50. The most optimistic analyst sees the stock reaching $18.50 while the most conventional predicts the target price at $18.50.
On technical side, moving averages may help to distinguish direction of tendencies, and they might also be used to set levels of sustenance and resistance. Rennova Health Inc (NASDAQ:RNVA)’s distance from 20 day simple moving average is 14.42% whereas its distance from 50 day simple moving average is 4.29% along with -68.76% distance from 200 day simple moving average.
An important factor to consider when evaluating a stock’s current and future value are the 52 week price high and low levels. Rennova Health Inc (NASDAQ:RNVA) shares were trading -90.26% below from the 52-week high mark of $1.16 and +41.25% above from the 52-week bottom of $0.08. The stock hit its 52-week high price on 06/08/16 and 52-week low price on 01/09/17.
When we have a peek on stock’s historical trends we come to know that, the stock has climbed 37.14% in the past one week and plunged -13.74% during previous one month drive, the stock went down -24.67% during past quarter. In the last six months the stock’s performance plunged -79.07% while yearly performance of the company fell -86.39%.
While taking a glance at financials, we can look at a number of key indicators. Rennova Health Inc (NASDAQ:RNVA) has a Return on Investment (ROI) of -344.80%. Average true range (ATR-14) of the company sets at 0.02, along with its weekly and monthly volatility of 18.29%, 18.29% respectively. Beta value of the stock stands at -0.49.
The company’s quick ratio for most recent quarter is 0.30 along with current ratio for most recent quarter of 0.30.