Organovo Holdings Inc (ONVO) Stock: A Year of Declines and Increases

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Organovo Holdings Inc’s current trading price is -54.46% away from its 52-week high, while its distance from the 52-week low is 54.82%. The stock’s price range for this period has been between $1.00 and $3.40 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.62 million for the day, a number notably higher than the average daily volume of 94450.0 over the last three months.

The stock price for Organovo Holdings Inc (ONVO) currently stands at $1.55. The stock experienced a substantial increase in the last session, hitting $1.51 after starting at $1.51. The stock’s lowest price was $1.33 before closing at $1.37.

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Organovo Holdings Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $3.40 on 02/17/23 and a low of $1.00 for the same time frame on 09/11/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Organovo Holdings Inc (ONVO) has experienced a quarterly rise of 21.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.69M and boasts a workforce of 24 employees.

Organovo Holdings Inc: What Analysts Are Saying

As of right now, 1 analyst is rating Organovo Holdings Inc as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4169, with a change in price of -0.1443. Similarly, Organovo Holdings Inc recorded 74,276 in trading volume during the last 100 days, posting a change of -8.69%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ONVO stands at 0.19. Similarly, the long-term debt-to-equity ratio is also 0.13.

ONVO Stock Stochastic Average

Organovo Holdings Inc’s raw stochastic average for the past 50 days is presently 49.11%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 46.57%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 41.86% and 41.73%, respectively.

ONVO Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 9.80%. However, over the past six months, we’ve seen a stronger performance of -13.99%. The price of ONVO fallen by 26.90% over the last 30 days. And in the last five days, it has surged by 14.68%.

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