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Renalytix ( (GB:RENX) ) has shared an announcement.
Renalytix has successfully raised £5.20 million through an oversubscribed placing and subscription of new ordinary shares, which will support its growth and collaboration with Tempus AI. This fundraising will enable the company to integrate advanced precision medicine testing into the clinical workflow of 250,000 U.S. primary care physicians, potentially enhancing its market position and benefiting stakeholders by addressing chronic kidney disease more effectively.
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 a precision medicine company specializing in kidney health, offering the only FDA-approved and Medicare-reimbursed prognostic test, kidneyintelX.dkd, for early-stage risk assessment in chronic kidney disease.
Average Trading Volume: 2,168,426
Technical Sentiment Signal: Hold
Current Market Cap: £35.6M
Find detailed analytics on RENX stock on TipRanks’ Stock Analysis page.