A share price of Organovo Holdings Inc [ONVO] is currently trading at $0.44, up 3.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The ONVO shares have gain 25.83% over the last week, with a monthly amount drifted -1.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Organovo Holdings Inc [NASDAQ: ONVO] stock has seen the most recent analyst activity on December 13, 2018, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $2.50. Previously, Raymond James downgraded its rating to Mkt Perform on November 10, 2017. On January 25, 2017, Raymond James initiated with a Outperform rating. Cantor Fitzgerald downgraded its rating to a Hold. Piper Jaffray initiated its recommendation with a Overweight and recommended $5 as its price target on June 29, 2015. Jefferies started tracking with a Buy rating for this stock on June 29, 2015, and assigned it a price target of $5.
Organovo Holdings Inc experienced fluctuations in its stock price throughout the past year between $0.32 and $1.74. Organovo Holdings Inc [NASDAQ: ONVO] shares were valued at $0.44 at the most recent close of the market.
Analyzing the ONVO fundamentals
Gross Profit Margin for this corporation currently stands at -1.09% with Operating Profit Margin at -123.98%, Pretax Profit Margin comes in at -121.75%, and Net Profit Margin reading is -121.77%. To continue investigating profitability, this company’s Return on Assets is posted at -1.86, Equity is -2.49 and Total Capital is -2.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3969 points at the first support level, and at 0.3535 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4769, and for the 2nd resistance point, it is at 0.5135.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Organovo Holdings Inc [NASDAQ:ONVO] is 1.98. On the other hand, the Quick Ratio is 1.72, and the Cash Ratio is 1.31. Considering the valuation of this stock, the price to sales ratio is 67.66, the price to book ratio is 1.84.
