Organovo Holdings Inc (NASDAQ: ONVO) is -33.42% lower on its value in year-to-date trading and has touched a low of $0.25 and a high of $1.83 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ONVO stock was last observed hovering at around $0.27 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.31, the stock is -41.54% and -28.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing 12.49% at the moment leaves the stock -41.06% off its SMA200. ONVO registered -72.41% loss for a year compared to 6-month loss of -41.23%. The firm has a 50-day simple moving average (SMA 50) of $5.126544 and a 200-day simple moving average (SMA200) of $5.9900203.
The stock witnessed a -18.78% gain in the last 1 month and extending the period to 3 months gives it a -21.49%, and is -23.87% 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 13.75% over the week and 23.66% over the month.
Organovo Holdings Inc (ONVO) has around 20 employees, a market worth around $5.34M and $0.12M in sales. Profit margin for the company is -10151.64%. Distance from 52-week low is 21.00% and -83.27% 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.
34.0 institutions hold shares in Organovo Holdings Inc (ONVO), with institutional investors hold 12.40% of the company’s shares. The shares outstanding are 17.45M, and float is at 17.16M with Short Float at 8.01%. Institutions hold 12.21% of the Float.
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.
