Organovo Holdings Inc. (NASDAQ:ONVO) went up by 11.25% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Diagnostics & Research giant went up by $0.62 to trade ended Thursday trading at $0.56. This is up from the $0.56 price recorded on Wednesday’s trading session. Thanks to this latest performance, ONVO is closer to the higher price 52-week target of $1.50 and further from the lowest price target of $1.50. Its performance from the start of the year has also been positive, with ONVO up by 75.15% year-to-date.
Organovo Holdings Inc. (ONVO) started the day trading at $0.633 and recorded an intraday high of $0.6499. It also recorded an intraday low of $0.602 during Thursday’s trading session. Organovo Holdings Inc. is a very active stock that recorded a trading volume that is more than 3.65% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 1525745, which is more than 3.65 of the total average daily trading volume of 1.47 million.
Organovo Holdings Inc. (NASDAQ:ONVO) 2020 Performance Impressive
The increase in ONVO’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ONVO currently stands at $0.93, which is higher than the current trading price of the stock by 33.33%. However, ONVO’s current trading price is -226.32% lower than the 52-week low price of $0.19. In terms of trading volume, Organovo Holdings Inc. currently experienced healthy participation during the last trading session. 1525745 shares of Organovo Holdings Inc. were traded on the stock exchange on Thursday, which is more than 3.65% of the 1.47 million average trading volume of the stock.
The performance of the stock has been positive over the past year. ONVO’s performance over the past one year has seen it surge by 32.55%, while the stock has gone up by 63.90% in the last six months. The quarterly performance of ONVO currently stands at 143.36%, and it is down by -12.25% in the last month. The only positive figure was from the weekly performance, which currently reads 24.60%. At the time of writing ONVO’s report, the company has a total market cap of $73.10M, making it one of the largest publicly-traded companies in the world.Organovo Holdings Inc. also has over 6 employees all over the world.
ONVO Insider Activities
For Organovo Holdings Inc., insiders hold 40.40% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 0 shares in 0 transactions. In that same period, insiders sold 75,995 of their shares in 6 transactions. After these transactions, insiders at Organovo Holdings Inc. now hold 413.87k shares, which is over 38.10% of the total company stocks. Institutional investors currently hold a large chunk of the ONVO shares, as they control 0.32% of the company’s total stock.
ONVO Fundamental Analysis
For Organovo Holdings Inc., the stock’s diluted earnings per share (EPS) stands at -0.15. The stock’s EPS growth this year is 37.40%, 17.50% in the previous five years. In terms the average annual revenue of 17.50% over the past half a decade.
The Return on Investment (ROI) on Organovo Holdings Inc.’s stock currently stands at -80.70%. The gross margin of the company is 85.10%.
ONVO Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ONVO currently stands at 9.94%, while the SMA50 is 10.37%. The biggest one is the SMA200, which is currently reading 53.71% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 57.50.