OrganiGram Holdings Inc (NASDAQ:OGI) price on current trading day, rose 3.56% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.50.
A look at the stock’s price movement, the level at last check in today’s session was $1.45, moving within a range at $1.46 and $1.6. The beta value (5-Year monthly) was 1.128. Turning to its 52-week performance, $2.91 and $1.20 were the 52-week high and 52-week low respectively. Overall, OGI moved -10.62% over the past month.
OrganiGram Holdings Inc’s market cap currently stands at around $163.03 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 44.28M for the company’s revenue for the quarter, with a low and high estimate of 42M and 45.9M respectively. The average forecast suggests down to a -3.82% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 160.35M, representing a -0.80% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OGI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 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 0 analyst(s) rate the stock as a Hold, 2 recommend OGI as a Buy and 0 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OGI’s current price about -0.33% and -9.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.48, while 7-day volatility ratio is 4.91% and 5.31% in the 30-day chart. Further, OrganiGram Holdings Inc (OGI) has a beta value of 1.03, and an average true range (ATR) of 0.09.
If we refocus on OrganiGram Holdings Inc (NASDAQ:OGI), historical trading data shows that trading volumes averaged 0.61 over the past 10 days and 474.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 103.80 million shares.
The 30.20% of OrganiGram Holdings Inc’s shares are in the hands of company insiders while institutional holders own 7.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.75 million on 2024-11-15, giving us a short ratio of 6.16. Current price change has pushed the stock 14.63% 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.
