Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Organovo Holdings (ONVO) Stock Price

Press coverage about Organovo Holdings (NASDAQ:ONVO) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Organovo Holdings earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.4283857978315 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:

Organovo Holdings (ONVO) opened at 2.04 on Friday. Organovo Holdings has a 52-week low of $1.75 and a 52-week high of $4.08. The company’s 50 day moving average is $2.07 and its 200-day moving average is $2.53. The company’s market capitalization is $216.49 million.

Organovo Holdings (NASDAQ:ONVO) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The company had revenue of $0.99 million for the quarter, compared to analysts’ expectations of $0.92 million. Organovo Holdings had a negative net margin of 918.97% and a negative return on equity of 65.49%. The company’s revenue was up 11.1% on a year-over-year basis. Equities analysts anticipate that Organovo Holdings will post ($0.39) EPS for the current fiscal year.

A number of research firms have weighed in on ONVO. Jefferies Group LLC reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Organovo Holdings in a research note on Tuesday, September 26th. ValuEngine lowered shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Organovo Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.94.

TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Organovo Holdings (ONVO) Stock Price” was published by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://transcriptdaily.com/2017/10/08/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-organovo-holdings-onvo-stock-price.html.

Organovo Holdings Company Profile

Insider Buying and Selling by Quarter for Organovo Holdings (NASDAQ:ONVO)

Receive News & Ratings for Organovo Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Organovo Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply