Stocks To Watch: Renalytix AI PLC, Accsys Technologies PLC and Hardy Oil and Gas PLC

Renalytix AI PLC

Alternative Investment Market-listed Renalytix AI Plc (RENX) is engaged in providing Artificial Intelligence backed kidney diagnostic services. On 6th November 2018, the company’s shares got admitted to the AIM segment of the London Stock Exchange. Harwood Capital LLP, Lombard Odier Asset Management (Europe) Ltd., Polar Capital LLP and Legal & General Investment Management Ltd. are the major institutional investors in the company. (Source: Thomson Reuters).

RENX-Recent developments

In September, the company announced that it is looking forward to appointing an additional non-executive director in the approaching weeks. The candidate is expected to be a veteran in the healthcare industry. The candidate has been identified, and regulatory due diligence is nearing completion. The company will make further announcements shortly.

RENX-Financial highlights for FY19 period ended 30th June 2019

The company released its final results in United States Dollar. The company was in initial stages of development and therefore has not started earning revenue. The company’s administrative expenses mostly comprise of employee-related expense which was $1.48 million in FY19 along with $1.93 million of research and development costs. In addition, the company’s depreciation and amortisation costs stood at $1.13 million in FY19. The company successfully completed IPO while securing $27 million net capital financing along with admission to AIM. The trading commenced on 6th November 2018. The company invested $2 million in clinical assay development and artificial intelligence (AI) technology. The company incurred a net loss of $6 million since its inception on 15th March 2018 to the end of financial year 2019. The company’s used cash in operations amounted to $4.4 million from inception to 30th June 2019. The company’s cash in hand was recorded at $9.3 million at 30th June 2019.

RENX-Share price performance

While writing (as on 30 September 2019, at 03:23 PM GMT), Renalytix AI Plc shares were trading at GBX 252.50 per share; with a surge of 4.33 per cent as compared to the previous day closing price level. The company’s market capitalisation was around £143.79 million.

RENX shares have clocked a high of GBX 340 (as on 09 July 2019) and a low of GBX 85 (as on 13 December 2018) in the past year. At the current price point, as quoted in the price chart, the company’s shares were trading 25.73 per cent below the 52-week high price point and 197.05 per cent above the 52-week low price point.

At the time of writing, the stock’s volume before the market close, stood at 134,184. Stock’s average traded volume for 5 days was 23,125.80; 30 days- 67,834.60 and 90 days – 66,058.48. The company’s stock beta (180 days) was 0.29, which makes it less volatile as against the benchmark index.

The average traded volume for 5 days plunged by 65.91 per cent as against 30 days average traded volume. At the time of writing, the shares of the company were trading below the 30-days and 60-days SMA.

In the past 1 month, RENX shares have not delivered any return. On a YTD (Year-to-Date) time interval, the stock surged by approximately 97.55 per cent and was down by 19.33 per cent in the last three months.

Share’s RSI (Relative Strength Index) for the 30-days, 14-days and 9-days was recorded at 46.08, 42.70 and 45.18 respectively. Also, the stock’s 3-days RSI was recorded at 48.22.

 

Accsys Technologies PLC

Chemical technology company, Accsys Technologies PLC (AXS) is focused on the development and commercialisation of a variety of transformational technologies centred around solid wood acetylation (using acetylation wood modification process) and related materials to be used in construction purposes. The company operates predominantly into three segments Licensing, Manufacturing and Business development. The company is engaged in manufacturing, licensing and commercialisation of Accoya solid wood and related products. Accoya wood has multiple usages such as making windows, external doors, sliding doors in structural and civil engineering products.

AXS-Financial highlights for FY19 period ended 31st March 2019

The company’s revenue was up by 23 per cent to €75.2 million in FY19 as against €60.9 million in FY18. The company’s gross profit was up by 37 per cent to €18.6 million in FY19 as against €13.6 million in FY18. The company’s EBITDA (underlying) stood at €0.9 million in FY19. The company’s loss before tax (underlying) stood at €6.2 million in FY19 as against €8.8 million in FY18. The company’s loss before taxation was recorded at €7.7 million in FY19 as against €10.4 million in FY18. The company’s cash balance at the end of the period was €8.9 million. The company made a capital expenditure of €48.2 million to increase production capacity. In addition, the company purchased the Arnhem land and buildings, which led to an increase of €50.1 million in net debt. The company’s cash generated from operations stood at €0.3 million.

AXS-Share price performance

While writing (as on 30 September 2019, at 03:32 PM GMT), Accsys Technologies PLC shares were trading at GBX 100.5 per share; plunged by 1.22 per cent as compared to the previous day closing price level. The company’s market capitalisation was around £120.38 million.

In the last 52-wks, AXS shares have registered a high of GBX 124.00 (as on 15 January 2019) and a low of GBX 92.60 (as on 01 November 2018). At the current price point, as indicated in the price chart, its shares were trading 18.95 per cent below the 52-week high price level and 8.53 per cent above the 52-week low price level.

At the time of writing, the stock’s volume before the market close, stood at 562,463. Stock’s average traded volume for 5 days was 12,545.60; 30 days- 49,122.03 and 90 days – 50,586.86. The company’s stock beta was 0.78, which makes it less volatile as against the benchmark index.

The average traded volume for 5 days plunged by 74.46 per cent as against 30 days average traded volume. The shares of the company (at the time of writing) were trading below the 60-days and 200-days SMA.

In the past 1 year, AXS shares have delivered a positive return of 0.99 per cent. On a YTD (Year-to-Date) time interval, the stock plunged by approximately 2.16 per cent and was down by 12.66 per cent in the last three months.

Share’s RSI (Relative Strength Index) for the 30-days, 14-days and 9-days was recorded at 46.16, 51.06 and 51.90 respectively. Also, the stock’s 3-days RSI was recorded at 33.87.

Hardy Oil and Gas PLC

Hardy Oil and Gas plc (HDY) is an oil and gas exploration company. The Company operates in two different geographies, namely the United Kingdom and India.

HDY-Financial highlights for FY19 period ended 31st March 2019

The company incurred a comprehensive loss of $56.3 million in FY19 as against a loss of $4.7 million in FY18. The company’s general and administrative expenses stood at $2.5 million in FY19 inclusive of legal expenses as against $1.8 million in FY18. The company’s cash and short-term investments were recorded at $4.2 million as at 31st March 2019.

HDY-Share price performance

While writing (post market close on 27th September 2019, Hardy Oil and Gas PLC shares were trading at GBX 7.10 per share; flat as compared to the previous day closing price level. The company’s market capitalisation was around £5.25 million.

HDY shares have registered a high of GBX 10 (as on 23 July 2019) and a low of GBX 1.13 (as on 20 December 2018) in the past year. At the current price point, as quoted in the price chart, the company’s shares were trading 29 per cent below the 52-week high price point and 528.31 per cent above the 52-week low price point.

Stock’s average traded volume for 5 days was 78,146.60; 30 days – 131,315.30 and 90 days – 388,759.32. The company’s stock beta was 2.55, which makes it more volatile as against the benchmark index.

The average traded volume for 5 days plunged by 40.49 per cent as against 30 days average traded volume. The shares of the company were traded above the 30-days and 60-days SMA.

In the past 1 year, HDY shares have delivered a positive return of 23.48 per cent. Also, on a YTD (Year-to-Date) time interval, the stock surged by approximately 136.67 per cent and was up by 111.94 per cent in the last three months.

Share’s RSI (Relative Strength Index) for the 30-days, 14-days and 9-days was recorded at 55.98, 54.71 and 55.05respectively. Also, the stock’s 3-days RSI was recorded at 55.58.