Taking a Fresh Look at Rennova Health, Inc. (RNVA)

Rennova Health, Inc. (RNVA) is an interesting player in the Technology space, with a focus on Healthcare Information Services. The stock has been active on the tape, currently trading at $0.01, down from yesterday’s close by -35.59%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Rennova Health, Inc. (RNVA) currently trades with a market capitalization of $0.01 Million. That value represents a market adjusting for revenues that have been growing by 3,319.27 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$16.16 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0 on a per share basis this quarter. Perhaps, that suggests something about why 10.06% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Rennova Health, Inc. recorded a 52-week high of $54.00. It is now trading 53.99% off that level. The stock is trading $0.0396 its 50-day moving average by 0.0296%. The stock carved out a 52-week low down at $0.01.

In recent action, Rennova Health, Inc. (RNVA) has made a move of -74.67% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.

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