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Renalytix ( (GB:RENX) ) has provided an update.
Renalytix has appointed SP Angel Corporate Finance LLP as its Nominated Adviser and Joint Corporate Broker, alongside Oberon Capital. This strategic move aims to strengthen the company’s financial advisory and brokerage capabilities as it continues to expand the deployment of its kidneyintelX.dkd test, which has shown significant improvements in diagnosis, prognosis, and treatment rates for chronic kidney disease. The test is now recommended in international clinical guidelines and has full Medicare reimbursement, highlighting its growing impact in the healthcare industry.
Spark’s Take on GB:RENX Stock
According to Spark, TipRanks’ AI Analyst, GB:RENX is a Underperform.
Renalytix’s overall stock score is low due to severe financial challenges, including declining revenues, high operating losses, and solvency issues. Despite positive corporate events suggesting strategic interest and growth potential, the technical analysis and valuation remain weak, impacting the stock’s appeal.
To see Spark’s full report on GB:RENX stock, click here.
More about Renalytix
Renalytix is an artificial intelligence-enabled in vitro diagnostics company focused on improving clinical management of kidney disease to enhance patient outcomes. The company offers kidneyintelX.dkd, the only FDA-approved and Medicare reimbursed prognostic test for early-stage risk assessment in chronic kidney disease, which is now commercially available in the United States.
Average Trading Volume: 111,972
Technical Sentiment Signal: Sell
Current Market Cap: £22.36M
For an in-depth examination of RENX stock, go to TipRanks’ Overview page.