Organovo Holdings Inc (NASDAQ:ONVO) price on current trading day, fall -32.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.27.
A look at the stock’s price movement, the close in the last trading session was $0.40, moving within a range at $0.2531 and $0.333. The beta value (5-Year monthly) was 0.447. Turning to its 52-week performance, $1.83 and $0.32 were the 52-week high and 52-week low respectively. Overall, ONVO moved -28.56% over the past month.
Organovo Holdings Inc’s market cap currently stands at around $4.75 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-18.
Analysts have a consensus estimate of 54k for the company’s revenue for the quarter, with a low and high estimate of 54k and 54k respectively. The average forecast suggests down to a -81.38% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 201k, representing a -45.68% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ONVO is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ONVO’s current price about -48.39% and -37.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.81, while 7-day volatility ratio is 11.32% and 23.20% in the 30-day chart. Further, Organovo Holdings Inc (ONVO) has a beta value of 0.96, and an average true range (ATR) of 0.11.
If we refocus on Organovo Holdings Inc (NASDAQ:ONVO), historical trading data shows that trading volumes averaged 1.05 over the past 10 days and 7.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 17.45 million shares.
The 1.67% of Organovo Holdings Inc’s shares are in the hands of company insiders while institutional holders own 14.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.38 million on 2025-02-28, giving us a short ratio of 0.07. The data shows that as of 2025-02-28 short interest in Organovo Holdings Inc (ONVO) stood at 802.0 of shares outstanding, with shares short rising to 71891.0 registered in 2025-01-31. Current price change has pushed the stock -40.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ONVO stock continues to rise going into the next quarter.
