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Why is Renalytix Plc Adr (RNLX) Stock down?

14 Nov, 2023:

Renalytix PLC Stock (RNLX) dropped by 37.51% from $0.8483 to $0.5301 in the trading on Tuesday November 14, 2023. The reason why RNLX stock down today is due to the Q1 FY2024 financial results. Renalytix reported first quarter EPS of $-0.11, in line with the analyst estimate of $-0.11. Revenue for the quarter came in at $459 thousand versus the consensus estimate of $810 thousand, compared to $1.0 million for the three months ended September 30, 2022.

28 Sep, 2023:

Renalytix Plc (RNLX) was down, falling 23.0% to $1.51 after the company announced weak FY sales.

https://www.benzinga.com/news/earnings/23/09/34984819/nasdaq-rises-over-100-points-accenture-shares-fall-after-q4-results

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