In the latest trading session, 1.23 million Organovo Holdings Inc (NASDAQ:ONVO) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $0.31 changed hands at -$0.09 or -23.62% at last look, the market valuation stands at $5.38M. ONVO’s current price is a discount, trading about -490.32% off its 52-week high of $1.83. The share price had its 52-week low at $0.32, which suggests the last value was -3.23% down since then. When we look at Organovo Holdings Inc’s average trading volume, we note the 10-day average is 0.75 million shares, with the 3-month average coming to 7.90 million.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Instantly ONVO was in red as seen in intraday trades today. With action -28.42%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -32.92%, with the 5-day performance at -28.42% in the red. However, in the 30-day time frame, Organovo Holdings Inc (NASDAQ:ONVO) is -19.03% down. Looking at the short shares, we see there were 1.38 million shares sold at short interest cover period of 0.07 days.
Organovo Holdings Inc (ONVO) estimates and forecasts
Year-over-year growth is forecast to reach -45.68% down from the last financial year. Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 54k. The company’s revenue for the corresponding quarters a year ago was 290k. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -81.38%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.06%.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.52% of Organovo Holdings Inc shares while 12.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 12.40%. There are 12.21% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 114.64 shares estimated at $34414.0 under it, the former controlled 0.67% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.48% of the shares, roughly 82.04 shares worth around $24629.0.
