As of Thursday close, Organon & Co.’s (NYSE:OGN) stock was down -$0.3, moving down -1.38 percent to $21.51. The average number of shares traded per day over the past five days has been 2,791,840 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 2,216,910, while in the previous 50 days, it was 2,111,718.
Since last month, OGN stock rose 4.67%. Shares of the company fell to $19.76 on 07/07/23, the lowest level in the past month. A 52-week high of $33.05 was reached on 01/18/23 after having rallying from a 52-week low of $18.87. Since the beginning of this year, OGN’s stock price has dropped by -22.99% or -$6.42, and marked a new high 10 times. However, the stock has declined by -34.92% since its 52-week high.
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Valuation Metrics
Right now, Organon & Co. (OGN) has a P/E ratio of about 7.36. The stock’s beta is 0.77.
The latest dividend of $0.28 per share was paid out, remained unchanged from last year’s $0.28.
Financial Health
In the three months ended March 30, Organon & Co.’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 62.50% percent. In the year ended March 30, EBITDA margin amounted to 31.28%, whereas operating margins totaled 14.90%. Based on annual data, OGN earned $3.88 billion in gross profit and brought in $6.17 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was -77.90%.
In Organon & Co.’s quarter-end financial report for March 30, it reported total debt of $8.7 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OGN’s revenue fell -1.89% to $1.49 billion during the quarter, while net income inched up to $1.54 billion. While analysts expected Organon & Co. to report $1.16 quarterly earnings, the actual figure was $1.08 per share, beating the consensus estimate by -6.90%. During the quarter, the company generated $433.0 million in EBITDA. The liabilities of Organon & Co. were 11.5 billion at the end of its most recent quarter ended March 30, and its total debt was $8.71 billion. The value of shareholders’ equity is $255.06 million.
Technical Picture
This quick technical analysis looks at Organon & Co.’s (OGN) price momentum. With a historical volatility rate of 23.16%, the RSI 9-day stood at 52.27% on 03 August.
With respect to its five-day moving average, the current Organon & Co. price is down by -1.69% percent or -$0.37. At present, OGN shares trade +7.98% above its 20-day simple moving average and -5.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.71% above its SMA50 and -7.72% below its SMA200.
Stochastic coefficient K was 67.08% and Stochastic coefficient D was 73.09%, while ATR was 0.56. Given the Stochastic reading of 59.92% for the 14-day period, the RSI (14) reading has been calculated as 54.18%. As of today, the MACD Oscillator reading stands at -0.17, while the 14-day reading stands at 0.22.
Analyst Ratings
Raymond James launched its rating on Organon & Co. (NYSE: OGN) to an Outperform in a note to investors on March 16, 2023. Organon & Co. (OGN) has been rated Overweight by analysts. According to 0 brokerage firms, OGN is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Organon & Co. stock as buy, with 3 recommending it as overweight.
With a median target price of $27.00, the current consensus forecast for the stock is $23.00 – $43.00. Based on these forecasts, analysts predict Organon & Co. (OGN) will achieve an average price target of $29.43.
