The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Organovo Holdings Inc shares valued at $31,750 were sold by Gobel David on Nov 15 ’23. At $1.62 per share, Gobel David sold 19,607 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
As published in their initiating research note from H.C. Wainwright on December 13, 2018, Organovo Holdings Inc [ONVO] has been a Buy and the price target has been revised to $2.50. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of January 25, 2017, Raymond James has initiated its “an Outperform” rating for ONVO. Earlier on August 11, 2015, Cantor Fitzgerald downgraded its rating. Their new recommendation was “a Hold” for ONVO stock which previously was a “a Buy”.
Analyzing ONVO Stock Performance
During the last five days, there has been a drop of approximately -6.89%. Over the course of the year, Organovo Holdings Inc shares have dropped approximately -16.12%. Shares of the company reached a 52-week high of $1.7400 on 04/15/24 and a 52-week low of $0.8911 on 02/09/24. A 50-day SMA is recorded $1.0363, while a 200-day SMA reached $1.2040. Nevertheless, trading volume fell to 0.38 million shares from 74600.0 shares the previous day.
Support And Resistance Levels for Organovo Holdings Inc (ONVO)
According to the 24-hour chart, there is a support level at 0.9011, which, if violated, would cause prices to drop to 0.8710. In the upper region, resistance lies at 0.9906. The next price resistance is at 1.0500. RSI (Relative Strength Index) is 40.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0534, which suggests the price will decrease in the coming days. Percent R is at 99.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
