At the last check on Thursday, Organigram Holdings Inc.’s (NASDAQ:OGI) stock was up $0.13, moving up 8.47 percent to $1.66. The average number of shares traded per day over the past five days has been 411,074 shares. 5 times new highs have been achieved over the past 5 days, with a $0.3101 gain in that time frame. In the last twenty days, the average volume was 389,883, while in the previous 50 days, it was 507,988.
Since last month, OGI stock rose 16.87%. Shares of the company fell to $1.2900 on 08/14/23, the lowest level in the past month. A 52-week high of $5.08 was reached on 01/17/23 after having rallying from a 52-week low of $1.29. Since the beginning of this year, OGI’s stock price has dropped by -48.14% or -$1.5499, and marked a new high 7 times. However, the stock has declined by -67.33% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.18. Besides these, the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 0.43.
Financial Health
In the three months ended May 30, Organigram Holdings Inc.’s quick ratio stood at 2.50, while its current ratio was 4.50, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -12.20% percent. Based on annual data, OGI earned $24.82 million in gross profit and brought in $114.64 million 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 -8.30%. Return on equity (ROE) for the past 12 months was -48.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Organigram Holdings Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.5 per share. During the quarter, the company generated -$156.57 million in EBITDA. The liabilities of Organigram Holdings Inc. were 34.25 million at the end of its most recent quarter ended May 30, and its total debt was $0.18 million.
Technical Picture
This quick technical analysis looks at Organigram Holdings Inc.’s (OGI) price momentum. With a historical volatility rate of 80.11%, the RSI 9-day stood at 68.28% on 30 August.
With respect to its five-day moving average, the current Organigram Holdings Inc. price is up by +23.14% percent or $0.3101. At present, OGI shares trade +15.39% above its 20-day simple moving average and -40.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.62% above its SMA50 and -58.12% below its SMA200.
Stochastic coefficient K was 62.47% and Stochastic coefficient D was 48.60%, while ATR was 0.1122. Given the Stochastic reading of 81.84% for the 14-day period, the RSI (14) reading has been calculated as 61.54%. As of today, the MACD Oscillator reading stands at 0.0767, while the 14-day reading stands at 0.0803.
Analyst Ratings
Stifel upgraded its rating on Organigram Holdings Inc. (NASDAQ: OGI) to a Buy in a note to investors on January 13, 2023. The analysts firm previously had a Hold rating on the stock.Organigram Holdings Inc. (OGI) has been rated Overweight by analysts. According to 0 brokerage firms, OGI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Organigram Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $3.04, the current consensus forecast for the stock is $1.52 – $4.93. Based on these forecasts, analysts predict Organigram Holdings Inc. (OGI) will achieve an average price target of $2.91.
