Organovo Holdings, Inc. (ONVO) is an interesting player in the Healthcare space, with a focus on Medical Laboratories & Research. The stock has been active on the tape, currently trading at $2.83, down from yesterday’s close by -0.35%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Organovo Holdings, Inc. (ONVO) currently trades with a market capitalization of $295.51 Million. That value represents a market adjusting for revenues that have been growing by 250.91 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For ONVO, the company currently has $70 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $-30.96 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $-0.11 on a per share basis this quarter. Perhaps, that suggests something about why 14.27% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Organovo Holdings, Inc. recorded a 52-week high of $4.99. It is now trading 2.16% off that level. The stock is trading $3.10 its 50-day moving average by 0.27%. The stock carved out a 52-week low down at $2.30.

In recent action, Organovo Holdings, Inc. (ONVO) has made a move of -7.52% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 1.23, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 13.45% with $96.92 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ONVO.

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