Views On OrganiGram Holdings Inc. (OGI) From A Technical Perspective

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The stock of OrganiGram Holdings Inc. (NASDAQ:OGI) decreased by $0.0 on Wednesday to $1.00, down 0.00 percent. The last five days have seen an average of 864,102 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.7461. The average number of shares traded over the last 20 days was 906,706, while the average volume over the last 50 days totaled 1,002,836.

OGI stock appreciated 15.47% since last month. On 10/25/22, the company’s shares reached a one-month low of $0.8622. The stock touched a high of $2.19 on 03/30/22, after rallying from a low of $0.84 in 52 weeks. The price of OGI stock has declined by -42.86% or -$0.7461 this year, reaching a new high 2 times. Still, the stock price is down -54.34% from the 52-week high.


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Valuation Metrics

Beta for the stock is 1.29. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.19, the price-to-book (PB) ratio of 0.61.

Financial Health

For the three months ended May 30, OrganiGram Holdings Inc.’s quick ratio was 3.10, while its current ratio was 4.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending May 30 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is -6.40% percent. OrganiGram Holdings Inc.’s operating margin stood at -48.20% for the same period. Based on annual data, it had gross profit of -$22.4 million and revenue of $62.44 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OGI’s return on assets (ROA) during the last 12 months has been -6.00%. There was a -18.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -6.90%.

Earnings Surprise

According to OrganiGram Holdings Inc.’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that OrganiGram Holdings Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.01. EBITDA was -$2.99 million for the quarter. At the end of OrganiGram Holdings Inc.’s most recent quarter ended May 30, its liabilities totaled 56.83 million, while its total debt was $7.58 million.

Technical Picture

Here’s a quick look at OrganiGram Holdings Inc.’s (OGI) price momentum from a technical perspective. As of 22 November, the RSI 9-day stood at 52.84%, suggesting the stock is Neutral, with a 39.54% historical volatility rate.

The stochastic %K and %D were 69.56% and 79.30% respectively, while the average true range (ATR) was 0.0481. Based on the 14-day stochastic reading of 64.94%, the RSI (14) reading is 53.26%. On the 9-day MACD Oscillator, the stock is at -0.0041, and the 14-day reading is at 0.0200.

Analyst Ratings

In its most recent analyst report, Canaccord Genuity raised its rating on OrganiGram Holdings Inc. (NASDAQ: OGI) to a Speculative buy. Prior to this, analysts firm rated the stock as a Hold.

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