In the last trading session, 1.14 million shares of the Organovo Holdings Inc (NASDAQ:ONVO) were traded, and its beta was 1.14. Most recently the company’s share price was $1.66, and it changed around -$0.52 or -23.62% from the last close, which brings the market valuation of the company to $2.83M. ONVO currently trades at a discount to its 52-week high of $21.96, offering almost -1222.89% off that amount. The share price’s 52-week low was $1.80, which indicates that the current value has fallen by an impressive -8.43% since then. We note from Organovo Holdings Inc’s average daily trading volume that its 10-day average is 0.51 million shares, with the 3-month average coming to 711.80K.
Organovo Holdings Inc (NASDAQ:ONVO) trade information
Instantly ONVO has showed a red trend with a performance of -23.62% 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 2.2000 on recent trading dayincreased the stock’s daily price by 24.55%. The company’s shares are currently down -69.83% year-to-date, but still down -21.46% over the last five days. On the other hand, Organovo Holdings Inc (NASDAQ:ONVO) is -65.50% down in the 30-day period. We can see from the shorts that 73382.0 shares have been sold at a short interest cover period of 0.54 day(s).
Organovo Holdings Inc (ONVO) estimates and forecasts
The year-over-year growth rate is expected to be -45.68%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 54k in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -81.38%.
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 on 2025-Feb-18.
Organovo Holdings Inc (NASDAQ:ONVO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.52% of Organovo Holdings Inc shares, and 12.21% of them are in the hands of institutional investors. The stock currently has a share float of 12.40%. Organovo Holdings Inc stock is held by 32.0 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.
VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 9.55 shares worth $15905.0, making up 0.05% of all outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Extended Market Index Fund held roughly 6.69 shares worth around $11142.0, which represents about 0.03% of the total shares outstanding.
