How Does Organovo Holdings, Inc. (ONVO) Stack Up Right Now?

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 $1.34, down from yesterday’s close by -0.74%. 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

Organovo Holdings, Inc. (ONVO) currently trades with a market capitalization of $144.30 Million. That value represents a market adjusting for revenues that have been falling by -1.53 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$32.03 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.09 on a per share basis this quarter. Perhaps, that suggests something about why 14.89% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Organovo Holdings, Inc. recorded a 52-week high of $3.92. It is now trading 2.58% off that level. The stock is trading $1.48 its 50-day moving average by 0.14%. The stock carved out a 52-week low down at $1.32.

In recent action, Organovo Holdings, Inc. (ONVO) has made a move of -11.26% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, 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 16.92% with $99.77 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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