In last trading session, Organovo Holdings Inc (NASDAQ:ONVO) saw 0.1 million shares changing hands with its beta currently measuring 0.50. Company’s recent per share price level of $0.44 trading at $0.01 or 3.14% at ring of the bell on the day assigns it a market valuation of $6.77M. That closing price of ONVO’s stock is at a discount of -295.45% from its 52-week high price of $1.74 and is indicating a premium of 27.27% from its 52-week low price of $0.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.26 million shares which gives us an average trading volume of 96.77K if we extend that period to 3-months.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Upright in the green during last session for gaining 3.14%, in the last five days ONVO remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $0.44 price level, adding 7.97% to its value on the day. Organovo Holdings Inc’s shares saw a change of -60.32% in year-to-date performance and have moved 25.83% in past 5-day. Organovo Holdings Inc (NASDAQ:ONVO) showed a performance of -1.03% in past 30-days. Number of shares sold short was 0.14 million shares which calculate 1.45 days to cover the short interests.
Organovo Holdings Inc (ONVO) estimates and forecasts
Statistics highlight that Organovo Holdings Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -54.96% of value to its shares in past 6 months, showing an annual growth rate of 51.88% while that of industry is 17.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -45.68% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 50k for the same. And 1 analysts are in estimates of company making revenue of 54k in the next quarter. Company posted 5k and 290k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.06% during past 5 years.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
Insiders are in possession of 2.03% of company’s total shares while institution are holding 15.88 percent of that, with stock having share float percentage of 16.21%. Investors also watch the number of corporate investors in a company very closely, which is 15.88% institutions for Organovo Holdings Inc that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at ONVO for having 0.93 million shares of worth $0.71 million. And as of 2024-06-30, it was holding 9.2183 of the company’s outstanding shares.
The second largest institutional holder is PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., which was holding about 0.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7035 of outstanding shares, having a total worth of $0.36 million.
