Organovo (NASDAQ:ONVO) Receiving Somewhat Positive News Coverage, Analysis Finds

Media headlines about Organovo (NASDAQ:ONVO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Organovo earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the medical research company an impact score of 44.8706211579219 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

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Separately, Zacks Investment Research raised Organovo from a “hold” rating to a “buy” rating and set a $1.25 price objective for the company in a report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $3.40.

Shares of ONVO traded down $0.04 during trading hours on Friday, hitting $1.01. The stock had a trading volume of 478,270 shares, compared to its average volume of 790,688. Organovo has a 12 month low of $0.91 and a 12 month high of $3.19. The firm has a market capitalization of $116.38, a P/E ratio of -2.59 and a beta of 2.77.

Organovo (NASDAQ:ONVO) last issued its quarterly earnings data on Thursday, February 8th. The medical research company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. Organovo had a negative return on equity of 69.03% and a negative net margin of 881.93%. The company had revenue of $1.15 million during the quarter, compared to analyst estimates of $1.25 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Organovo’s revenue was up .0% compared to the same quarter last year. research analysts anticipate that Organovo will post -0.33 earnings per share for the current fiscal year.

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About Organovo

Organovo Holdings, Inc is an early commercial-stage company focused on developing and commercializing functional human tissues. The Company focuses on the generation of three-dimensional (3D) human tissues, by utilizing its platform technology to create human tissue constructs in 3D. It is focused on development of products, including 3D human tissues used for the preclinical assessment of drug effects, including applications in predictive toxicology, absorption, distribution, metabolism, excretion (ADME), and drug metabolism and pharmacokinetics (DMPK); customized human tissues as living, dynamic models of human biology or disease, for use in drug discovery and development, and three-dimensional human tissues for clinical applications, such as blood vessels for bypass grafting, nerve grafts for nerve damage repair and functional tissue patches for the repair or replacement of damaged tissues and organs.

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

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