Organovo Holdings Inc (NASDAQ:ONVO) has a beta value of 0.60 and has seen 0.13 million shares traded in the last trading session. The company, currently valued at $5.93M, closed the last trade at $0.39 per share which meant it gained $0.01 on the day or 2.12% during that session. The ONVO stock price is -346.15% off its 52-week high price of $1.74 and 17.95% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 91390.0 shares traded. The 3-month trading volume is 211.26K shares.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Sporting 2.12% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ONVO stock price touched $0.39 or saw a rise of 2.5%. Year-to-date, Organovo Holdings Inc shares have moved -16.07%, while the 5-day performance has seen it change 10.35%. Over the past 30 days, the shares of Organovo Holdings Inc (NASDAQ:ONVO) have changed 8.12%. Short interest in the company has seen 71891.0 shares shorted with days to cover at 0.32.
Organovo Holdings Inc (ONVO) estimates and forecasts
The company’s shares have lost -31.32% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -45.68%.
1 analysts offering their estimates for the company have set an average revenue estimate of 50k for the current quarter. 1 have an estimated revenue figure of 54k for the next ending quarter. Year-ago sales stood 5k and 290k respectively for this quarter and the next, and analysts expect sales will grow by 900.00% for the current quarter and -45.68% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 19.06% over the past 5 years. Earnings growth for 2025 is a modest 51.88% while over the next 5 years, the company’s earnings are expected to increase by 22.32%.
ONVO Dividends
Organovo Holdings Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
Insiders own 2.29% of the company shares, while shares held by institutions stand at 16.11% with a share float percentage of 16.49%. Investors are also buoyed by the number of investors in a company, with Organovo Holdings Inc having a total of 34.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 0.93 million shares worth more than $0.71 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 9.2183% of shares outstanding.
The other major institutional holder is PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C., with the holding of over 0.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.36 million and represent 4.7035% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 1.53% shares in the company for having 234.51 shares of worth $90519.0 while later fund manager owns 114.64 shares of worth $44251.0 as of Sep 30, 2024, which makes it owner of about 0.75% of company’s outstanding stock.
