Organovo Holdings Inc. (NASDAQ:ONVO) changes shares on Tuesday trading session, with a change of 1.91% or $0.01 shares. The trading starts at $0.7198 and closed at $0.71 throughout the day. The trading session low price was $0.7074 and day high was $0.75 on Tuesday, August 04. After the session, the Healthcare sector daily volume shifted to 0.97 million while its average volume is 1.74M. In other hand, the ONVO market cap reached to $95.47M.
On April 7, 2020, BRIEF-Organovo Announces Termination Of Merger Agreement With Tarveda Therapeutics. According to the news reported on Reuters, * ORGANOVO ANNOUNCES TERMINATION OF MERGER AGREEMENT WITH TARVEDA THERAPEUTICS
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.42% and up 8.94% for month. Its quarterly performance was 67.29% above, while its half year performance is up 143.81%. ONVO yearly performance stood at positive 79.66% and rise 102.14% for year-to-date. Current recommendation for Organovo Holdings Inc. is 3.00.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ONVO EPS (TTM) for 12-month is -0.15. Its EPS Q/Q reached 64.30%. It has an EPS of 17.50% up for past five years.
Let’s take a look on the analyst recommendations on ONVO for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 1 analysts participate in stock recommendation. Out of 1, 0 rated it sell, 1 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $1.50 – $1.50. Average target price for ONVO was reached at $1.50.
ARK Investment Management, LLC, Nikko Asset Management Americas, Inc. and Sumitomo Mitsui Trust Holdings, Inc. are the top three holders in Organovo Holdings Inc. (ONVO) stock. On Mar 30, 2020, ARK Investment Management, LLC has 22.91 million shares which valued 9.39 million. On Mar 30, 2020, Nikko Asset Management Americas, Inc. owned 12.81 million shares which valued at 5.25 million. On Jun 29, 2020, Sumitomo Mitsui Trust Holdings, Inc. has a total of 9.8 million shares which valued at 5.39 million. In the end, Sumitomo Mitsui Trust Holdings, Inc. have 7.50% shares outstanding of Organovo Holdings Inc. (ONVO) on Jun 29, 2020. The insider ownership moved to 1.50% and institutional holding shifted to 38.10%.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ONVO rise 60.27% for period of 200 days. SMA for 50 days was 13.90% which is showing green signal, while SMA-20 was 6.55%. The moving average value for Organovo Holdings Inc. (ONVO) is 1.32M and 1.06% for 200 and 50 days respectively.