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The closing price of Organovo Holdings Inc (NASDAQ: ONVO) was $1.03 for the day, up 8.38% from the previous closing price of $0.95. In other words, the price has increased by $8.38 from its previous closing price. On the day, 1.11 million shares were traded. ONVO stock price reached its highest trading level at $1.17 during the session, while it also had its lowest trading level at $0.95.
Ratios:
Our analysis of ONVO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.67 and its Current Ratio is at 3.67. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 11732833 and an Enterprise Value of 6547229. For the stock, the TTM Price-to-Sale (P/S) ratio is 48.88 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 27.055 whereas that against EBITDA is -0.336.
Stock Price History:
The Beta on a monthly basis for ONVO is 0.70, which has changed by -0.5103093 over the last 52 weeks, in comparison to a change of 0.22379243 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 $0.89. The 50-Day Moving Average of the stock is -0.51%, while the 200-Day Moving Average is calculated to be -14.18%.
Shares Statistics:
ONVO traded an average of 1.03M shares per day over the past three months and 168970 shares per day over the past ten days. A total of 11.39M shares are outstanding, with a floating share count of 11.03M. Insiders hold about 3.20% of the company’s shares, while institutions hold 7.31% stake in the company. Shares short for ONVO as of 1713139200 were 149707 with a Short Ratio of 0.14, compared to 1710460800 on 135374. Therefore, it implies a Short% of Shares Outstanding of 149707 and a Short% of Float of 1.49.
Earnings Estimates
Investors are keenly observing as 1 analysts analyze and rate the current performance of Organovo Holdings Inc (ONVO) in the stock market.On average, analysts expect EPS of -$0.42 for the current quarter, with a high estimate of -$0.42 and a low estimate of -$0.42, while EPS last year was -$0.46. The consensus estimate for the next quarter is -$0.38, with high estimates of -$0.38 and low estimates of -$0.38.
Analysts are recommending an EPS of between -$1.74 and -$1.74 for the fiscal current year, implying an average EPS of -$1.74. EPS for the following year is -$1.37, with 1.0 analysts recommending between -$1.37 and -$1.37.
Revenue Estimates
For the next quarter, 1 analysts are estimating revenue of $100M. There is a high estimate of $100M for the next quarter, whereas the lowest estimate is $100M.
Based on 1 analysts’ estimates, the company’s revenue will be $444M in the next fiscal year. The high estimate is $444M and the low estimate is $444M.
