The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
After finishing at $0.68 in the prior trading day, Organovo Holdings Inc (NASDAQ: ONVO) closed at $0.62, down -8.55%. In other words, the price has decreased by -$8.55 from its previous closing price. On the day, 1.45 million shares were traded. ONVO stock price reached its highest trading level at $0.6666 during the session, while it also had its lowest trading level at $0.5501.
Ratios:
Our goal is to gain a better understanding of ONVO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.96 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.25.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on December 13, 2018, initiated with a Buy rating and assigned the stock a target price of $2.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 15 ’23 when Gobel David sold 19,607 shares for $1.62 per share. The transaction valued at 31,750 led to the insider holds 0 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ONVO now has a Market Capitalization of 8910516 and an Enterprise Value of 7403503. For the stock, the TTM Price-to-Sale (P/S) ratio is 80.99 while its Price-to-Book (P/B) ratio in mrq is 1.74. Its current Enterprise Value per Revenue stands at 67.922 whereas that against EBITDA is -0.5.
Stock Price History:
The Beta on a monthly basis for ONVO is 0.66, which has changed by -0.6497175 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, ONVO has reached a high of $2.05, while it has fallen to a 52-week low of $0.64. The 50-Day Moving Average of the stock is -30.98%, while the 200-Day Moving Average is calculated to be -42.12%.
Shares Statistics:
The stock has traded on average 194.46K shares per day over the past 3-months and 227990 shares per day over the last 10 days, according to various share statistics. A total of 14.37M shares are outstanding, with a floating share count of 14.05M. Insiders hold about 2.23% of the company’s shares, while institutions hold 6.16% stake in the company. Shares short for ONVO as of 1719532800 were 98413 with a Short Ratio of 0.51, compared to 1717113600 on 147114. Therefore, it implies a Short% of Shares Outstanding of 98413 and a Short% of Float of 0.69.
