OrganiGram Holdings Inc. (NASDAQ:OGI) saw an upside of 1.46% to $2.25 after adding $0.03 on Tuesday. The 5-day average trading volume is 3,496,612 shares of the company’s common stock. It has gained $2.38 in the past week. An average of 4,829,333 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,203,635.
OGI’s 1-month performance is -9.76% or -$0.18 on its low of $2.17 reached on 10/04/21. The company’s shares have touched a 52-week low of $1.07 and high of $6.45, with the stock’s rally to the 52-week high happening on 02/11/21. YTD, OGI has achieved 66.92% or $0.95. However, the current price is down -65.08%% from the 52-week high price.
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OrganiGram Holdings Inc. (OGI) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 32.23 for the sector. The company’s PE ratio for the last five years has touched a high of 379.84 and a low of 11.11. OGI stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.36 while the price-to-book (PB) in the most recent quarter is 1.33.
OrganiGram Holdings Inc.’s quick ratio for the recent quarter was 11.30, with the current ratio over the same period at 13.70 meaning that OGI stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -45.20%. The trailing 12-month EBITDA margin is -186.37%. The firm’s gross profit as reported stood at -$42.02 million against revenue of $64.57 million.
Net income and sales went up compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$5.17 million. OGI stock balance sheet for the recent quarter shows that total liabilities totaled 58.67 million, with total debt at $6.2 million
Let’s look briefly at OrganiGram Holdings Inc. (OGI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 44.20% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.11%.
The stock’s 5-day moving average is $2.27, reflecting a -0.44% or -$0.01 change from its current price. OGI is currently trading -5.00% above its 20-day SMA, -14.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.97% and +60.56% respectively.
Stochastic %K and %D was 21.61% and 24.02% and the average true range (ATR) pointed at 0.11. The RSI (14) points at 43.19%, while the 14-day stochastic is at 29.70% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at -0.02 and -0.07 on the 14-day charts.
In the most recent analyst report for OrganiGram Holdings Inc. (NASDAQ: OGI), CIBC upgraded it to a Neutral rating. They previously had a Sector underperform rating on the stock. Analysts offering their rating for OGI stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate OGI as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is OGI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $4.38, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for OrganiGram Holdings Inc. (OGI) stock is $3.07.