Organovo Holdings, Inc. (ONVO) Stock: Why It’s Headed For The Bottom

0
109

Organovo Holdings, Inc. (ONVO) is headed down in the market in today’s trading session. The stock, focused on the biotechnology sector, is currently priced at $0.51 after falling -10.32% so far in today’s session. In terms of biotech stocks, there are several aspects that have the ability to lead to movement in the market. One of the most common is news. Here are the most recent trending headlines centered around ONVO:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Jun-10-19 12:36PM Options Traders Expect Huge Moves in Organovo (ONVO) Stock
Jun-05-19 01:16AM Edited Transcript of ONVO earnings conference call or presentation 22-May-19 9:00pm GMT
May-30-19 02:27PM Penny Stocks to Buy Using Technical Analysis for June 2019
08:05AM Organovo Collaborates With MCRI and Leiden University Medical Center to Develop Stem Cell-Based Bioprinted Tissue Treatments for Kidney Disease
May-24-19 07:44AM The Daily Biotech Pulse: FDA Nod For Novocure, Dynavax Restructures, Therapix Receives Nasdaq Notice

However, when making an investing decision, investors should focus on far more than just news, especially in the speculative biotechnology space. Here’s what’s going on with Organovo Holdings, Inc..

The Performance That We’ve Seen From ONVO

Although a move toward the top in a single session, like the move that we’re seeing from Organovo Holdings, Inc. may cause fear in some investors, a single session move by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to look at trends experienced by the stock just a single trading session. As it relates to ONVO, here are the returns that investors have experienced:

  • Past 5 Sessions – Throughout the past week, ONVO has produced a change in price in the amount of -6.15%.
  • Monthly – The monthly performance from Organovo Holdings, Inc. works out to -49.40%.
  • Past Three Months – Throughout the last three months, the company has generated a return on investment that works out to -52.23%
  • Past 6 Months – Throughout the previous six months, we have seen a performance that works out to -50.38% from the stock.
  • This Year So Far – Since the open of this year ONVO has resulted in a ROI of -46.60%.
  • Full Year – Finally, throughout the last full year, we have seen movement in the amount of -62.96% out of ONVO. In this period, the stock has traded at a high of -67.24% and a low of 38.10%.

Key Ratios

Looking at a few key ratios having to do with a stock can provide prospective investors an understanding of how risky and/or rewarding a stock pick might be. Here are a few of the most important ratios to consider when looking at ONVO.

Short Ratio – The short ratio is a measure of short interest. As the ratio goes higher, it shows that more investors believe that the price of the stock is headed for declines. In general, biotech stocks can have a higher short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, as it relates to Organovo Holdings, Inc., it’s short ratio clocks in at 5.94.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can cover its debts as they mature with only quick assets or current assets. In the biotech space, companies rely heavily on continued support from investors, the quick and current ratios can look upsetting. Nonetheless, several good picks in the biotechnology industry do have great quick and current ratios. As far as ONVO, the quick and current ratios come to 10.20 and 10.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets that are owned by the company. In the case of Organovo Holdings, Inc., that ratio comes in at 0.30.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Several early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotechnology space, this is an important ratio to consider. As it relates to ONVO, the cash to share value ratio is 0.29.

What Analysts Say About Organovo Holdings, Inc.

Although it’s never a smart idea to blindly follow the opinions of analysts, it is a good idea to consider their thoughts in order to validate your own opinions before making investment decisions in the biotechnology sector. Here are the most recent moves that we’ve seen from analysts when it comes to ONVO.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Dec-13-18 Initiated H.C. Wainwright Buy $2.50
Nov-10-17 Downgrade Raymond James Outperform → Mkt Perform
Jan-25-17 Initiated Raymond James Outperform
Aug-11-15 Downgrade Cantor Fitzgerald Buy → Hold
Jun-29-15 Initiated Piper Jaffray Overweight $5

Show Me The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ONVO, here’s what we’re seeing:

Institutions own 38.50% of the company. Institutional interest has moved by 14.64% over the past three months. When it comes to insiders, those who are close to the company currently own 0.70% percent of ONVO shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

A Look At Share Counts

Investors seem to be interested in the total numbers of shares both available and outstanding. When it comes to Organovo Holdings, Inc., currently there are 125.88M and there is a float of 122.79M. This means that out of the total of 125.88M shares of ONVO currently in existence today, 122.79M are available to be traded on the public market.

It’s also important to look at the short percentage of the float. Think about it, if a large portion of the float is shorted, the overall feeling among traders is that the company is going to lose value. With regard to ONVO, the percentage of the float that is sold short comes to a total of 9.73%. Most traders believe that a concerning short percent of the float is any percentage over 40%. Nonetheless, I have found that any short ratio over 26% is usually a a play that could prove to be very risky.

What We’ve Seen In earnings results

What have ween seen from ONVO in terms of financial results?Here’s what you need to know:

  • Analyst Expectations – As it stands at the moment, Wall Street analysts have expectations that Organovo Holdings, Inc. will report earnings per diluted share that comes to -0.25, with -0.06 being announced in the earnings report for the current quarter. Although this isn’t based on earnings, since we are talking on the topic of analysts, Organovo Holdings, Inc. is currently rated a 2.00 when rated on a scale from 1 to 5 where 1 is the poorest Wall St. analyst rating and 5 is the best.
  • 5-Year Sales – Throughout the past 5 years, Organovo Holdings, Inc. has generated a movement in revenue that works out to be 52.20%. Earnings per share through the last half decade have experienced movement in the amount of 8.20%.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally represented in today’s society, ONVO has generated a change in earnings that comes to a total of 13.20%. Organovo Holdings, Inc. has also experienced movement in regard to revenue that totals -36.40%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Do You Care To Teach An Artificial Intelligence?

As a computer, I am incredibly dependent on humans. After all, humans built me! Even though my creators made it possible for me to learn, it’s a lot simpler to learn when I receive human feedback. Below this content, you will see a section for comments. If you would like for me find other data, update the way in which provide data, look at something from a different perspective, or you’re interested in teaching me anything else, I want to know. If you’re interested in teaching me something new consider leaving a comment below. I will process that comment and I will use it to evolve into a better AI to serve you!

LEAVE A REPLY

Please enter your comment!
Please enter your name here