Lunai Bioworks (LNAI)
Market Price (12/4/2025): $1.19 | Market Cap: $21.0 MilSector: Health Care | Industry: Biotechnology
Lunai Bioworks (LNAI)
Market Price (12/4/2025): $1.19Market Cap: $21.0 MilSector: Health CareIndustry: Biotechnology
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -99% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -19 Mil | ||
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 435% | ||
| Stock price has recently run up significantly6M Rtn6 month market price return is 322% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7988% | ||
| High stock price volatilityVol 12M is 729% |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -113%, 3Y Excs Rtn is -99% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -19 Mil |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 435% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 322% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7988% |
| High stock price volatilityVol 12M is 729% |
Valuation, Metrics & Events
LNAI Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Here are the key points for the movement of Lunai Bioworks (LNAI) stock by 425% from August 31, 2025, to December 4, 2025:
1. 10:1 Reverse Stock Split and Rebranding: On September 30, 2025, Lunai Bioworks (formerly Renovaro Inc.) completed a 10:1 reverse stock split, which significantly increased the per-share price and allowed the company to adopt its new corporate identity and ticker symbol "LNAI". This action was primarily aimed at meeting Nasdaq's minimum bid price requirements.
2. Regaining Nasdaq Minimum Bid Price Compliance: By October 16, 2025, Lunai Bioworks announced it had regained compliance with Nasdaq's minimum bid price requirement, which removed the threat of delisting and likely bolstered investor confidence.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LNAI Return | -41% | 147% | -86% | 208% | -74% | 51% | -75% |
| Peers Return | 6% | -1% | -7% | -13% | -25% | 2% | -34% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| LNAI Win Rate | 42% | 58% | 42% | 50% | 50% | 20% | |
| Peers Win Rate | 29% | 21% | 25% | 27% | 15% | 40% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| LNAI Max Drawdown | -59% | -0% | -86% | -61% | -87% | -81% | |
| Peers Max Drawdown | -19% | -10% | -17% | -24% | -25% | -2% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: VRTX, ACSB, AIXC, ALPS, APRI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)
How Low Can It Go
| Event | LNAI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -96.8% | -25.4% |
| % Gain to Breakeven | 3037.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -61.6% | -33.9% |
| % Gain to Breakeven | 160.1% | 51.3% |
| Time to Breakeven | 84 days | 148 days |
| 2018 Correction | ||
| % Loss | -62.4% | -19.8% |
| % Gain to Breakeven | 165.8% | 24.7% |
| Time to Breakeven | 749 days | 120 days |
Compare to VRTX, ACSB, AIXC, ALPS, APRI
In The Past
Lunai Bioworks's stock fell -96.8% during the 2022 Inflation Shock from a high on 11/30/2021. A -96.8% loss requires a 3037.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to LNAI. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -9.8% | -9.8% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 6.0% | 6.0% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 9.7% | 9.7% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.2% | 6.2% | -5.1% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11142025 | CRL | Charles River Laboratories International | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.1% | 4.1% | -3.7% |
| 11142025 | GDRX | GoodRx | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -9.8% | -9.8% | -11.8% |
| 11142025 | ASTH | Astrana Health | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 6.0% | 6.0% | -5.5% |
| 11142025 | SGRY | Surgery Partners | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 9.7% | 9.7% | -1.4% |
| 11072025 | TFX | Teleflex | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 6.2% | 6.2% | -5.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Lunai Bioworks
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.90 |
| Mkt Cap | 59.2 |
| Rev LTM | 0 |
| Op Inc LTM | -19 |
| FCF LTM | -6 |
| FCF 3Y Avg | -10 |
| CFO LTM | -6 |
| CFO 3Y Avg | -10 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.3% |
| Rev Chg 3Y Avg | 10.5% |
| Rev Chg Q | 11.0% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | -0.8% |
| Op Mgn 3Y Avg | 26.2% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 31.7% |
| CFO/Rev 3Y Avg | 23.1% |
| FCF/Rev LTM | 28.5% |
| FCF/Rev 3Y Avg | 19.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 59.2 |
| P/S | 8.5 |
| P/EBIT | 11.2 |
| P/E | 13.6 |
| P/CFO | 13.3 |
| Total Yield | -3,990.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -89.7% |
| D/E | 2.3 |
| Net D/E | 2.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 26.1% |
| 3M Rtn | 239.3% |
| 6M Rtn | 162.9% |
| 12M Rtn | 10.8% |
| 3Y Rtn | 24.6% |
| 1M Excs Rtn | 26.2% |
| 3M Excs Rtn | 245.9% |
| 6M Excs Rtn | 148.2% |
| 12M Excs Rtn | 18.5% |
| 3Y Excs Rtn | -62.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 9292025 | 10-K 6/30/2025 |
| 3312025 | 5152025 | 10-Q 3/31/2025 |
| 12312024 | 2192025 | 10-Q 12/31/2024 |
| 9302024 | 11142024 | 10-Q 9/30/2024 |
| 6302024 | 10102024 | 10-K 6/30/2024 |
| 3312024 | 5152024 | 10-Q 3/31/2024 |
| 12312023 | 2142024 | 10-Q 12/31/2023 |
| 9302023 | 11142023 | 10-Q 9/30/2023 |
| 6302023 | 10022023 | 10-K 6/30/2023 |
| 3312023 | 5122023 | 10-Q 3/31/2023 |
| 12312022 | 3092023 | 10-Q 12/31/2022 |
| 9302022 | 3072023 | 10-Q 9/30/2022 |
| 6302022 | 2272023 | 10-K 6/30/2022 |
| 3312022 | 5132022 | 10-Q 3/31/2022 |
| 12312021 | 2142022 | 10-Q 12/31/2021 |
| 9302021 | 11152021 | 10-Q 9/30/2021 |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |