Organovo Holdings Inc (NASDAQ: ONVO) is 12.68% higher on its value in year-to-date trading and has touched a low of $0.32 and a high of $1.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ONVO stock was last observed hovering at around $0.54 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.52, the stock is 1.92% and 20.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -3.81% at the moment leaves the stock -5.82% off its SMA200. ONVO registered -49.69% loss for a year compared to 6-month loss of -7.81%.
The stock witnessed a 53.00% gain in the last 1 month and extending the period to 3 months gives it a 4.92%, and is -20.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 24.88% over the week and 20.85% over the month.
Organovo Holdings Inc (ONVO) has around 20 employees, a market worth around $9.04M and $0.12M in sales. Profit margin for the company is -10151.64%. Distance from 52-week low is 64.30% and -71.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-1365.49%).
with sales reaching $54k over the same period., but quarterly earnings will post -45.68% year-over-year. Quarterly sales are estimated to shrink -81.38% in year-over-year returns.
The shares outstanding are 17.13M, and float is at 17.12M with Short Float at 0.46%.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 0.93 million shares valued at $0.71 million. The investor’s holdings represent 9.2183 of the ONVO Shares outstanding. As of 2024-06-30, the second largest holder is PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. with 0.47 million shares valued at $0.36 million to account for 4.7035 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.35 million shares representing 3.5088 and valued at over $0.27 million, while BLACKROCK INC. holds 1.4111 of the shares totaling 0.14 million with a market value of $0.11 million.
