Organon & Co. (NYSE:OGN) saw a downside of -1.07% to close Tuesday at $22.16 after subtracting -$0.24 on the day. The 5-day average trading volume is 1,406,660 shares of the company’s common stock. It has gained $23.29 in the past week and touched a new high 1 time within the past 5 days. An average of 2,393,175 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,140,518.
OGN’s 1-month performance is 2.93% or $0.99 on its low of $21.21 reached on 07/24/23. The company’s shares have touched a 52-week low of $18.87 and high of $32.43, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, OGN has lost -20.66% or -$5.77 and has reached a new high 10 times. However, the current price is down -31.67% from the 52-week high price.
Valuation Metrics
OGN stock has a beta of 0.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.92 while the price to cash flow ratio at 15.07.
Organon & Co.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.70.. In terms of profitability, the gross margin trailing 12 months is 61.70%. The trailing 12-month EBITDA margin is 31.28% while for the period ending June 29, Organon & Co.’s operating margin was 14.30%. The firm’s gross profit as reported stood at $3.88 billion against revenue of $6.17 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 3.31% to $242.0 million, while revenue of $177.0 million was 26.86% off the previous quarter. Analysts expected OGN to announce $1.01 per share in earnings in its latest quarter, but it posted $1.31, representing a 29.70% surprise. EBITDA for the quarter stood at more than $446.0 million. OGN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.53 billion, with total debt at $8.73 billion. Shareholders hold equity totaling $255.57 million.
Let’s look briefly at Organon & Co. (OGN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 44.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.48%.
The stock’s 5-day moving average is $22.47, reflecting a -4.73% or -$1.10 change from its current price. OGN is currently trading +1.93% above its 20-day SMA, -2.29% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.75% and SMA200 by-14.54%.
Stochastic %K and %D was 37.28% and 41.95% and the average true range (ATR) pointed at 0.57. The RSI (14) points at 50.17%, while the 14-day stochastic is at 28.62% with the period’s ATR at 0.59. The stock’s 9-day MACD Oscillator is pointing at -0.48 and -0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Organon & Co. (NYSE: OGN), Raymond James launched coverage with an Outperform rating. Analysts offering their rating for OGN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate OGN as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is OGN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $23.00 and a high of $43.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for Organon & Co. (OGN) stock is $30.00.
