Organovo Holdings Inc (NASDAQ: ONVO) is -68.83% lower on its value in year-to-date trading and has touched a low of $1.58 and a high of $21.96 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 $1.66 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.72, the stock is -21.79% and -59.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 3.61% at the moment leaves the stock -68.12% off its SMA200. ONVO registered -87.54% loss for a year compared to 6-month loss of -66.86%. The firm has a 50-day simple moving average (SMA 50) of $4.2734 and a 200-day simple moving average (SMA200) of $5.39735.
The stock witnessed a -47.34% gain in the last 1 month and extending the period to 3 months gives it a -60.19%, and is -21.10% 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 10.21% over the week and 13.95% over the month.
Organovo Holdings Inc (ONVO) has around 20 employees, a market worth around $2.92M and $0.12M in sales. Profit margin for the company is -10151.64%. Distance from 52-week low is 8.86% and -92.17% 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.
32.0 institutions hold shares in Organovo Holdings Inc (ONVO), with institutional investors hold 12.40% of the company’s shares. The shares outstanding are 1.70M, and float is at 1.67M with Short Float at 4.39%. 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.
