The market performance of Organovo Holdings Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $1.74 on 04/15/24, while the lowest value for the same duration was $0.32 on 11/15/24.
52-week price history of ONVO Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Organovo Holdings Inc’s current trading price is -74.69% away from its 52-week high, while its distance from the 52-week low is 39.63%. The stock’s price range during the 52-week period has remained between $0.32 and $1.74. In the Healthcare sector, the company’s shares saw a trading volume of around 0.1 million for the day, which was evidently higher than the average daily volume of 96770.0 over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Organovo Holdings Inc (ONVO) has experienced a quarterly decline of -26.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.77M and boasts a workforce of 20 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5069, with a change in price of -0.2836. Similarly, Organovo Holdings Inc recorded 109,934 in trading volume during the last 100 days, posting a change of -39.17%.
Examining ONVO’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for ONVO stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.18.
ONVO Stock Stochastic Average
As of today, Organovo Holdings Inc’s raw stochastic average for the last 50 days stands at 55.65%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 75.94%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 69.30% and 58.59%, 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. Until today this year the stock’s price performance recorded a decrease of -60.32%. However, over the last six months, the performance has been stronger by -54.96%. The price of ONVO decreased -1.03% over the last 30 days. And in the last five days, it has surged by 25.83%.
