Organovo Holdings, Inc. (ONVO) Stock: Why It’s Climbing

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Organovo Holdings, Inc. (ONVO) is trending up in the market in today’s trading session. The stock, one that is focused in the biotech industry, is presently trading at $0.30 after gaining 2.78% so far today. In terms of biotechnology companies, there are quite a few factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to ONVO:

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Sep-06-19 09:36AM SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Organovo Holdings, Inc.- ONVO
Aug-08-19 08:50PM Organovo (ONVO) Reports Q1 Loss, Lags Revenue Estimates
Aug-07-19 09:00AM Organovo to Explore Strategic Alternatives and Implement Restructuring Plan
Aug-01-19 10:32AM Organovo (ONVO) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release
Jul-18-19 08:05AM Organovo Announces Release Date for Fiscal First-Quarter 2020 Financial Results

However, any time investors are making a decision to invest, investors should take a look at far more than news, especially in the generally speculative biotech sector. Here’s what’s happening in regard to Organovo Holdings, Inc..

Performance Trends That We’ve Seen From ONVO

Although a move up on a single session, like the gain that we’re seeing from Organovo Holdings, Inc. might lead to excitement in some investors, that alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally a good idea to look into trends experienced by the stock for a period longer than a single trading session. As it relates to ONVO, here are the returns on investment that investors have seen:

  • Past Seven Days – Over the past 7 days, ONVO has generated a change in price in the amount of 12.94%.
  • Monthly – The monthly ROI from Organovo Holdings, Inc. has been 9.80%.
  • Past 3 Months – In the last quarter, the company has generated a return on investment that comes to -49.46%
  • Past 6 Months – In the past 6 months, investors have seen a change that amounts to -72.83% from the stock.
  • This Year So Far – Since the open of this year ONVO has produced a return of -69.91%.
  • Annually – Finally, throughout the past full year, we have seen movement of -76.77% out of ONVO. Throughout this period of time, the stock has sold at a high price of -76.69% and a low of 34.79%.

Notable Ratios

Digging into various ratios associated with a company can provide prospective traders a look of just how dangerous and/or potentially profitable a an investment option might be. Here are some of the most important ratios to think about when digging into ONVO.

Short Ratio – The short ratio is a tool that’s used by traders to measure the amount of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. Across the sector, biotech stocks can come with a higher short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, in regard to Organovo Holdings, Inc., the stock’s short ratio is 5.68.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts as they mature with only quick assets or current assets. In the biotechnology space, several companies rely heavily on continued investor support, the current and quick ratios can look bad. Nonetheless, some gems in the biotechnology industry come with great quick and current ratios. As it relates to ONVO, the quick and current ratios total up to 10.40 and 10.60 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets currently owned by the company to the price of shares. In this particular case, that ratio equates to 0.28.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the value of the company’s stock. Several early stage biotech companies have a hard time keeping cash on hand. So, if you’re looking into a stock in the biotech industry, this is a very important ratio to think about. In the case of ONVO, the cash to share value works out to 0.27.

What Analysts Think About Organovo Holdings, Inc.

Although it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to use their analysis when validating your own due diligence when it comes to making an investment decision in the biotech industry. Below you’ll find the recent moves that we have seen from analysts with regard to ONVO.

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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

Is Big Money Interested In Organovo Holdings, Inc.

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 – At the moment, institutions own 41.20% of ONVO. However, it’s worth mentioning that institutional ownership has seen a move in the amount of 7.12% in the last 3 months.
  • Investors On The Inside – with regard to insiders, those close to the situation currently own 0.80% of the company. Their ownership of the company has seen a move of 0 in the past quarter.

What’s The Float Looking Like?

Traders and investors tend to have a heavy interest in the amounts of shares both outstanding and available. In regard to Organovo Holdings, Inc., there are currently 131.44M and there is a float of 122.83M. These data mean that out of the total of 131.44M shares of ONVO currently in existence today, 122.83M are able to be traded on the market.

It’s also important to follow the short percent. Think about it, if a high portion of the float available for trading is sold short, the overall feeling among traders is that the equity is going to fall. When it comes to ONVO, the percentage of the float that is shorted currently sits at 6.06%. In general, concerning short percent of the float is anything over 40%. Through my work, I’ve seen that any short ratio over 26% is likely a risky play.

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.25. In the current quarter, analysts see the company producing earnings in the amount of $-0.06. Over the last 5 years, ONVO has generated revenue in the amount of $52.20% with earnings coming in at 8.20%. On a quarter over quarter basis, earnings have seen movement of 25.10% and revenue has seen movement of 0.00%.

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