RenovoRx, Inc.

RenovoRx, Inc.verified

RNXT

Price:

$1.0902

Market Cap:

$26.15M

RenovoRx, Inc., a clinical-stage biopharmaceutical company, focuses on developing therapies for the treatment of solid tumors. Its lead product candidate is RenovoGem, a drug and device combination consisting of intra-arterial gemcitabine and RenovoCath that is in Phase III clinical trials for the locally advanced pancreatic cancer. RenovoRx, Inc. was founded in 2009 and is headquartered in Los Altos, California.[Read more]

Industry

Biotechnology

IPO Date

2021-08-26

Stock Exchange

NASDAQ

Ticker

RNXT

The Current Ratio as of September 2024 (TTM) for RenovoRx, Inc. (RNXT) is 4.39

According to RenovoRx, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.39. This represents a change of 87.44% compared to the average of 2.34 of the last 4 quarters.

RenovoRx, Inc. (RNXT) Historical Current Ratio (quarterly & annually)

How has RNXT Current Ratio performed in the past?

The mean historical Current Ratio of RenovoRx, Inc. over the last ten years is 5.70. The current 4.39 Current Ratio has changed 7.61% with respect to the historical average. Over the past ten years (40 quarters), RNXT's Current Ratio was at its highest in in the September 2021 quarter at 29.06. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

5.70

Median

2.81

Minimum

0.47

Maximum

17.36

RenovoRx, Inc. (RNXT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of RenovoRx, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 3.62%

Maximum Annual Current Ratio = 17.36

Minimum Annual Increase = -83.43%

Minimum Annual Current Ratio = 0.47

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.25-81.07%
20226.59-62.02%
202117.363.62%
20200.47-83.43%

RenovoRx, Inc. (RNXT) Average Current Ratio

How has RNXT Current Ratio performed in the past?

The current Current Ratio of RenovoRx, Inc. (RNXT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

8.40

5-year avg

5.70

10-year avg

5.70

RenovoRx, Inc. (RNXT) Current Ratio vs. Peers

How is RNXT’s Current Ratio compared to its peers?

RenovoRx, Inc.’s Current Ratio is greater than Axcella Health Inc. (0.80), less than Adial Pharmaceuticals, Inc. (5.69), greater than Better Therapeutics, Inc. (0.57), less than Pasithea Therapeutics Corp. (6.20), greater than ZIVO Bioscience, Inc. (0.17), greater than Quoin Pharmaceuticals, Ltd. (3.35), less than ARCA biopharma, Inc. (26.61), less than Nutriband Inc. (6.57), greater than Longeveron Inc. (4.18), less than Virax Biolabs Group Limited (25.94), less than Anebulo Pharmaceuticals, Inc. (5.32), less than SAB Biotherapeutics, Inc. (5.24), less than Monopar Therapeutics Inc. (6.59), less than Eledon Pharmaceuticals, Inc. (14.48), greater than Tempest Therapeutics, Inc. (2.17), less than Ikena Oncology, Inc. (18.22), greater than Catalyst Biosciences, Inc. (0),

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