OrganiGram Holdings Inc (NASDAQ:OGI) price on Friday, March 21, rose 4.72% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.11.
A look at the stock’s price movement, the close in the last trading session was $1.06, moving within a range at $1.0489 and $1.12. The beta value (5-Year monthly) was 1.045. Turning to its 52-week performance, $2.91 and $0.96 were the 52-week high and 52-week low respectively. Overall, OGI moved -13.95% over the past month.
OrganiGram Holdings Inc’s market cap currently stands at around $140.10 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-10.
Analysts have a consensus estimate of 61.27M for the company’s revenue for the quarter, with a low and high estimate of 56.4M and 64.39M respectively. The average forecast suggests up to a 62.83% 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 237.55M, representing a 48.62% jump 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 2.37% and -16.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.51, while 7-day volatility ratio is 4.88% and 6.19% in the 30-day chart. Further, OrganiGram Holdings Inc (OGI) has a beta value of 1.08, and an average true range (ATR) of 0.07.
If we refocus on OrganiGram Holdings Inc (NASDAQ:OGI), historical trading data shows that trading volumes averaged 0.65 over the past 10 days and 907.14K over the past 3 months. The company’s latest data on shares outstanding shows there are 126.16 million shares.
The 34.41% of OrganiGram Holdings Inc’s shares are in the hands of company insiders while institutional holders own 6.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.4 million on 2025-02-28, giving us a short ratio of 4.43. Current price change has pushed the stock -31.06% 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.
