In the last trading session, 0.14 million shares of the Organovo Holdings Inc (NASDAQ:ONVO) were traded, and its beta was 0.55. Most recently the company’s share price was $0.39, and it changed around $0.03 or 7.50% from the last close, which brings the market valuation of the company to $5.95M. ONVO currently trades at a discount to its 52-week high of $1.74, offering almost -346.15% off that amount. The share price’s 52-week low was $0.32, which indicates that the current value has risen by an impressive 17.95% since then. We note from Organovo Holdings Inc’s average daily trading volume that its 10-day average is 0.24 million shares, with the 3-month average coming to 204.81K.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Instantly ONVO has showed a green trend with a performance of 7.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4311 on recent trading dayincreased the stock’s daily price by 9.53%. The company’s shares are currently down -15.85% year-to-date, but still down -3.27% over the last five days. On the other hand, Organovo Holdings Inc (NASDAQ:ONVO) is -0.77% down in the 30-day period. We can see from the shorts that 52326.0 shares have been sold at a short interest cover period of 0.28 day(s).
Organovo Holdings Inc (ONVO) estimates and forecasts
Organovo Holdings Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -37.07 percent over the past six months and at a 51.88% annual growth rate that is well above the industry average of 16.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.06%.
ONVO Dividends
Organovo Holdings Inc’s next quarterly earnings report is expected to be released in February.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.03% of Organovo Holdings Inc shares, and 15.88% of them are in the hands of institutional investors. The stock currently has a share float of 16.21%. Organovo Holdings Inc stock is held by 33.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 9.2183% of the shares, which is about 0.93 million shares worth $0.71 million.
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., with 4.7035% or 0.47 million shares worth $0.36 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
