Renovorx Stock Shares Outstanding

RNXT Stock

USD 1.26 0.10 7.35%

RenovoRx fundamentals help investors to digest information that contributes to RenovoRx's financial success or failures. It also enables traders to predict the movement of RenovoRx Stock. The fundamental analysis module provides a way to measure RenovoRx's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to RenovoRx stock.

Short Long Term Debt Total Total Assets

Common Stock Shares Outstanding is likely to drop to about 10 M in 2024.

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RenovoRx Company Shares Outstanding Analysis

RenovoRx's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

Shares Outstanding

Public Shares

-

Repurchased

More About Shares Outstanding | All Equity Analysis

Current RenovoRx Shares Outstanding

24 M

Most of RenovoRx's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, RenovoRx is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

RenovoRx Shares Outstanding Driver Correlations

Understanding the fundamental principles of building solid financial models for RenovoRx is extremely important. It helps to project a fair market value of RenovoRx Stock properly, considering its historical fundamentals such as Shares Outstanding. Since RenovoRx's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of RenovoRx's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of RenovoRx's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock	Current Deferred Revenue	Long Term Debt	Short Long Term Debt	Short Term Debt	Property Plant Equipment
Total Assets		0.88	0.62	-0.78	-0.15	0.07	-0.67	0.88	1.0	0.2	0.98	0.2	0.2	0.2	0.2	0.2	0.2
Total Stockholder Equity	0.88		0.91	-0.91	-0.58	0.22	-0.94	1.0	0.88	-0.2	0.88	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2
Net Tangible Assets	0.62	0.91		-0.88	-0.85	0.22	-0.97	0.9	0.62	-0.57	0.62	-0.57	-0.57	-0.57	-0.57	-0.57	-0.57
Net Debt	-0.78	-0.91	-0.88		0.68	0.18	0.86	-0.94	-0.78	0.31	-0.69	0.31	0.31	0.31	0.31	0.31	0.31
Retained Earnings	-0.15	-0.58	-0.85	0.68		-0.05	0.79	-0.59	-0.15	0.8	-0.12	0.8	0.8	0.8	0.8	0.8	0.8
Accounts Payable	0.07	0.22	0.22	0.18	-0.05		-0.3	0.13	0.07	-0.06	0.28	-0.06	-0.06	-0.06	-0.06	-0.06	-0.06
Total Liab	-0.67	-0.94	-0.97	0.86	0.79	-0.3		-0.93	-0.67	0.41	-0.68	0.41	0.41	0.41	0.41	0.41	0.41
Net Invested Capital	0.88	1.0	0.9	-0.94	-0.59	0.13	-0.93		0.88	-0.2	0.86	-0.2	-0.2	-0.2	-0.2	-0.2	-0.2
Total Current Assets	1.0	0.88	0.62	-0.78	-0.15	0.07	-0.67	0.88		0.2	0.98	0.2	0.2	0.2	0.2	0.2	0.2
Capital Stock	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2		0.19	1.0	1.0	1.0	1.0	1.0	1.0
Net Working Capital	0.98	0.88	0.62	-0.69	-0.12	0.28	-0.68	0.86	0.98	0.19		0.19	0.19	0.19	0.19	0.19	0.19
Common Stock	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19		1.0	1.0	1.0	1.0	1.0
Current Deferred Revenue	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19	1.0		1.0	1.0	1.0	1.0
Long Term Debt	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19	1.0	1.0		1.0	1.0	1.0
Short Long Term Debt	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19	1.0	1.0	1.0		1.0	1.0
Short Term Debt	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19	1.0	1.0	1.0	1.0		1.0
Property Plant Equipment	0.2	-0.2	-0.57	0.31	0.8	-0.06	0.41	-0.2	0.2	1.0	0.19	1.0	1.0	1.0	1.0	1.0

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RenovoRx Shares Outstanding Historical Pattern

Today, most investors in RenovoRx Stock are looking for potential investment opportunities by analyzing not only static indicators but also various RenovoRx's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's shares outstanding growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of RenovoRx shares outstanding as a starting point in their analysis.

RenovoRx Shares Outstanding

Timeline

Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Competition

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Common Stock Shares Outstanding Over Time

RenovoRx Common Stock Shares Outstanding

Common Stock Shares Outstanding

10.03 Million

At this time, RenovoRx's Common Stock Shares Outstanding is comparatively stable compared to the past year.

Based on the latest financial disclosure, RenovoRx has 24 M of shares currently outstending. This is 86.71% lower than that of the Biotechnology sector and 77.54% lower than that of the Health Care industry. The shares outstanding for all United States stocks is 95.8% higher than that of the company.

RenovoRx Shares Outstanding Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses RenovoRx's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of RenovoRx could also be used in its relative valuation, which is a method of valuing RenovoRx by comparing valuation metrics of similar companies.

RenovoRx is rated below average in shares outstanding category among its peers.

RenovoRx Fundamentals

	Return On Equity	-1.55
	Return On Asset	-0.7
	Current Valuation	23.08 M
	Shares Outstanding	24 M
	Shares Owned By Insiders	1.90 %
	Shares Owned By Institutions	8.18 %
	Number Of Shares Shorted	86.95 K
	Price To Book	4.62 X
	EBITDA	(11.4 M)
	Net Income	(10.23 M)
	Cash And Equivalents	10.77 M
	Cash Per Share	1.19 X
	Total Debt	4.47 M
	Current Ratio	10.01 X
	Book Value Per Share	(0.28) X
	Cash Flow From Operations	(10.26 M)
	Short Ratio	3.43 X
	Earnings Per Share	(0.58) X
	Target Price	5.25
	Beta	0.99
	Market Capitalization	32.64 M
	Total Asset	1.47 M
	Retained Earnings	(41.41 M)
	Working Capital	291 K
	Net Asset	1.47 M

About RenovoRx Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze RenovoRx's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of RenovoRx using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of RenovoRx based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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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.

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