OrganiGram Holdings Inc. (NASDAQ: OGI): Overvalued Compared To Others? – Stocks Register
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OrganiGram Holdings Inc. (NASDAQ: OGI): Overvalued Compared To Others?

OrganiGram Holdings Inc. (NASDAQ:OGI) price on Friday, August 27, rose 3.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.65.

A look at the stock’s price movement, the level at last check in today’s session was $2.55, moving within a range at $2.5336 and $2.715. The beta value (5-Year monthly) was 1.17. Turning to its 52-week performance, $6.45 and $1.01 were the 52-week high and 52-week low respectively. Overall, OGI moved -6.59% over the past month.


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OrganiGram Holdings Inc.’s market cap currently stands at around $964.79 million, with investors looking forward to this quarter’s earnings report slated for Jul 13, 2021.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that OGI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.

12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 1 recommend OGI as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

OGI’s current price about 2.19% and -1.03% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.95, while 7-day volatility ratio is 6.79% and 6.56% in the 30-day chart. Further, OrganiGram Holdings Inc. (OGI) has a beta value of 1.18, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $3.12, forecast between a low of $2.00 and high of $4.38. Looking at the price targets, the low is 24.53% off recent price level in today’s trading while to achieve the yearly target high, it has to move -65.28%. Nonetheless, investors will most likely welcome a -13.21% jump to $3.00 which is the analysts’ median price.

In the market, a comparison of OrganiGram Holdings Inc. (OGI) and its peers suggest the former has performed considerably stronger. Data shows OGI’s intraday price has changed 3.79% today and 100.79% over the past year. Looking at another peer, we see that Omeros Corporation (OMER) price has gained 2.78% on the day. However, the stock is 28.98% off its price today a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.73% and 0.63% respectively on the day as seen in early trades.

If we refocus on OrganiGram Holdings Inc. (NASDAQ:OGI), historical trading data shows that trading volumes averaged 6.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 300.57 million shares.

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The 19.63% of OrganiGram Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 19.43% of the company’s shares. Current price change has pushed the stock 91.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OGI stock continues to rise going into the next quarter.

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