OrganiGram Holdings Inc (NASDAQ:OGI) traded at $1.36 at close of the session on current trade day and made an upward move of 7.09% on its previous day’s price.
OrganiGram Holdings Inc has a market cap of $171.66 million and is expected to release its quarterly earnings report in March.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 60.15M, with a low of 55.67M and a high of 64.39M. The median projection represents growth squeezing down to 59.86% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 235.87M, or 47.57% up from figures reported last year.
On the other hand, looking at the outlook for the OGI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the OrganiGram Holdings Inc (OGI) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -10.14% off its SMA20 and -11.95% from its 50-day simple moving average. The RSI (14) is pointing at 40.47 while the volatility over the past week is 8.36% and jumps to 5.65% over the past one month. The beta value is 0.98, while the average true range (ATR) is currently pointing at 0.10.
