For the readers interested in the stock health of Organovo Holdings Inc. (ONVO). It is currently valued at $13.50. When the transactions were called off in the previous session, Stock hit the highs of $14.2758, after setting-off with the price of $9.78. Company’s stock value dipped to $9.75 during the trading on the day. When the trading was stopped its value was $10.28.
Recently in News on September 3, 2020, Organovo Regains Compliance with Nasdaq Minimum Bid Price Requirement. Organovo Holdings, Inc. (“Organovo” or the “Company”) (Nasdaq: ONVO) announced today that it has regained compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market (the “Minimum Bid Price Requirement”). On September 2, 2020, Organovo received a letter from the Listing Qualifications Department of The Nasdaq Stock Market, Inc. stating that because Organovo’s common stock had a closing bid price at or above $1.00 per share for a minimum of ten (10) consecutive business days, Organovo had regained compliance with the Minimum Bid Price Requirement and that Nasdaq had closed the matter. You can read further details here
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Organovo Holdings Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $18.60 on 05/13/20, with the lowest value was $3.87 for the same time period, recorded on 03/17/20.
Organovo Holdings Inc. (ONVO) full year performance was 49.83%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Organovo Holdings Inc. shares are logging -27.42% during the 52-week period from high price, and 249.20% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.87 and $18.60.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1241000 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Organovo Holdings Inc. (ONVO) recorded performance in the market was 89.77%, having the revenues showcasing 95.94% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 70.20M, as it employees total of 6 workers.
Organovo Holdings Inc. (ONVO) in the eye of market guru’s
During the last month, 1 analysts gave the Organovo Holdings Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.13, with a change in the price was noted +0.10. In a similar fashion, Organovo Holdings Inc. posted a movement of +0.75% for the period of last 100 days, recording 140,699 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ONVO is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Organovo Holdings Inc. (ONVO): Stocks Technical analysis and Trends
Raw Stochastic average of Organovo Holdings Inc. in the period of last 50 days is set at 89.29%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 89.29%. In the last 20 days, the company’s Stochastic %K was 68.60% and its Stochastic %D was recorded 43.87%.
If we look into the earlier routines of Organovo Holdings Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 89.77%. Additionally, trading for the stock in the period of the last six months notably improved by 30.84%, alongside a boost of 49.83% for the period of the last 12 months. The shares increased approximately by 81.70% in the 7-day charts and went up by 51.69% in the period of the last 30 days. Common stock shares were driven by 95.94% during last recorded quarter.