During the last minutes of trading on Wednesday, Organovo Holdings, Inc. (NASDAQ:$ONVO) traded down -1.47%, closing at $1.67. During the session, the stock had a daily volume of 4,059,113 shares, compared to the daily average of 905.08 thousand shares. This marks the stock as both ‘active’ and ‘hot’ for investors.

Fundamentals

Turning to the stock’s performance analysis, we can see the stock has returned -50.59% since the beginning of the year. During a weekly basis, the stock has returned -17.89%, whereas the stock has dropped -25.56% over a 1 month period. It’s P/B ratio is at 3.05, while its market cap is at $174.38 million. The beta currently sits at 3.23, making it 223% more volatile than the market standard. Institutions currently own 25% of the company’s stock.

Technical Indicators

For technical indicators, we can use the moving average. Moving averages are average prices over a given period of time. These are useful for charting peaks and valleys, filtering out daily price noise, and spotting possible trend strength and direction. Moving averages are often given over 20, 50, and 200 day periods, and can sometimes be expressed as a percentage away from their target. Moving above or below these numbers can indicate a bullish or bearish trend, respectively.

Currently, shares of Organovo are -19.37% below their 20-day moving average and -39.42% below their 200-day moving average.

The 52-week highs and lows can also be used. These represent the highest and lowest point the stock has recently traded at. Often times, these numbers will be an indicator of how traders expect the stock to perform. Stocks moving towards their high are often see traders reluctant to buy. Currently, Organovo is sitting -58.95% below its 52-week high and -0.89% away from its 52-week low.

We can also look at the Relative Strength Index. The RSI, developed by J.Welles Wilder, is a technical indicator that can be used in charting current stocks. The RSI oscillates between 0 and 100, with anything below 30 being considered an oversold situation, while numbers above 70 indicate an overbought situation. Organovo currently holds a 14 day RSI of 28.82.

What are Analysts Saying?

Analysts have given the company a mean target price of $4.67. This is the ideal price where analysts expect the stock to hit. On the other hand, the company currently has an aggregate rating score of 1.30. This scale runs from 1 to 5, with 1 indicating a ‘Buy’, 3 a ‘Hold’ rating, and 5 a ‘Sell’ rating. That means the company has a current consensus of ‘Buy’.

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