The trading price of Organovo Holdings Inc (NASDAQ:ONVO) closed lower on Tuesday, March 04, and closing at $0.61, -13.30% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $1.83 and a 52-week low of $0.32. Over the past month, the stock has gained 67.91% in value.
Organovo Holdings Inc, whose market valuation is $10.59 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
Analysts have forecast the company to bring in revenue of 54k for the current quarter, with the likely lows of 54k and highs of 54k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 201k.
On the technical side, indicators suggest ONVO has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that ONVO’s price is currently 23.95% off the SMA20 and 43.37% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.90, and weekly volatility stands at 43.66%. When measured over the past 30 days, the indicator reaches 20.39%. Organovo Holdings Inc (NASDAQ:ONVO)’s beta value is currently sitting at 0.78, while the Average True Range indicator is currently displaying 0.18.
To see how Organovo Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ONVO stock’s performance was -13.30% in the latest trading, and -40.49% in the past year, while Vericel Corp. (VCEL) has traded 3.29%% on the day and positioned 15.02% higher than it was a year ago.
An evaluation of the daily trading volume of Organovo Holdings Inc (NASDAQ:ONVO) indicates that the 3-month average is 7.78 million.
Currently, records show that 17.13 million of the company’s shares remain outstanding. The insiders hold 1.90% of outstanding shares, whereas institutions hold 14.28%. However, since the stock’s price has seen 31.99% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
