Organovo Holdings Inc (ONVO) Stock: A Year of Market Movement, Down and Up

ALXO Stock

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Organovo Holdings Inc’s current trading price is -41.33% away from its 52-week high, while its distance from the 52-week low is 48.13%. The stock’s price range over this period has fluctuated between $0.89 and $2.25. The company, operating within the financial sector, had a trading volume of approximately 47.61 million for the day, which was noticeably higher than the average daily share volume of 0.1 million over the last 3 months.

Organovo Holdings Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $2.25 on 04/17/23, while the lowest value for the same period was recorded at $0.89 on 02/09/24.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Organovo Holdings Inc (ONVO) has experienced a quarterly rise of 24.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.25M and boasts a workforce of 24 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0745, with a change in price of -0.0500. Similarly, Organovo Holdings Inc recorded 613,421 in trading volume during the last 100 days, posting a change of -3.60%.

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 0.24. Similarly, the long-term debt-to-equity ratio is also 0.16.

ONVO Stock Stochastic Average

Today, Organovo Holdings Inc’s raw stochastic average for the past 50 days stands at 52.88%, indicating a rise from the raw stochastic average of the last 20 days, which was 46.67%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 23.58% and 18.45% respectively.

ONVO Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 18.92% this year. Over the last six months, there has been a weaker performance of 3.53%. The price of ONVO fallen by 33.33% during the last 30 days period. For the last 5-days stocks have improved 26.92%.

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