In the last trading session, 1.41 million Organovo Holdings Inc (NASDAQ:ONVO) shares changed hands as the company’s beta touched 0.51. With the company’s per share price at $0.48 changed hands at $0.04 or 7.97% during last session, the market valuation stood at $7.89M. ONVO’s last price was a discount, traded about -262.5% off its 52-week high of $1.74. The share price had its 52-week low at $0.32, which suggests the last value was 33.33% up since then. When we look at Organovo Holdings Inc’s average trading volume, we note the 10-day average is 0.41 million shares, with the 3-month average coming to 123.78K.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Instantly ONVO was in green as seen at the end of in last trading. With action 35.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.16%, with the 5-day performance at 35.90% in the green. However, in the 30-day time frame, Organovo Holdings Inc (NASDAQ:ONVO) is 5.13% up. Looking at the short shares, we see there were 0.14 million shares sold at short interest cover period of 1.45 days.
Organovo Holdings Inc (ONVO) estimates and forecasts
Data shows that the Organovo Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -51.64% over the past 6 months, a 51.88% in annual growth rate that is considerably higher than the industry average of 17.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.06%. The 2024 estimates are for Organovo Holdings Inc earnings to increase by 51.88%.
ONVO Dividends
Organovo Holdings Inc is expected to release its next quarterly earnings report in January.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.03% of Organovo Holdings Inc shares while 15.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 16.21%. There are 15.88% institutions holding the Organovo Holdings Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 9.2183% of the shares, roughly 0.93 million ONVO shares worth $0.71 million.
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. holds the second largest percentage of outstanding shares, with 4.7035% or 0.47 million shares worth $0.36 million as of 2024-06-30.
