Value Hunters: Look To OrganiGram Holdings Inc. (OGI)


    With over 1.74 million OrganiGram Holdings Inc. (OGI) shares trading Tuesday and a closing price of $1.23 on the day, the dollar volume was approximately $2.14 million. The shares have shown a negative weekly performance of -4.65% and its price on 09/01/20 lost nearly -2.38%. Currently, there are 194.51M common shares owned by the public and among those 194.16M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 16 analysts who have offered their price forecasts for OGI have a consensus price objective of $2.37. The analysts have set the share’s price value over the next 12 months at a high of $3.72 and a low of $1.30 should the stock experience a downside. But an upside of 66.94% will see the stock hit the forecast high price target while mean target price for the stock is $2.27.

    The top 3 mutual fund holders in OrganiGram Holdings Inc. are ETFMG Alternative Harvest ETF, Horizons Medical Marijuana Life S, and Fidelity Special Situations Fund. ETFMG Alternative Harvest ETF owns 12.29 million shares of the company’s stock, all valued at over $15.11 million. The company bought an additional 27662.0 shares recently to bring their total holdings to about 6.32% of the shares outstanding. Fidelity Special Situations Fund now owns shares totaling to 0.85% of the shares outstanding.

    Shares of OrganiGram Holdings Inc. (NASDAQ: OGI) opened at $1.25, down -$0.01 from a prior closing price of $1.26. However, the script later closed the day at $1.23, down -2.38%. The company’s stock has a 5-day price change of -4.65% and -31.67% over the past three months. OGI shares are trading -49.80% year to date (YTD), with the 12-month market performance down to -71.40% lower. It has a 12-month low price of $1.09 and touched a high of $5.18 over the same period. Currently, 1.74 million shares have been traded, compared to an average intraday trading volume of 4.62 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.34%, -14.70%, and -36.47% respectively.

    Institutional ownership of OrganiGram Holdings Inc. (NASDAQ: OGI) shares accounts for 13.79% of the company’s 194.51M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

    It has a market capitalization of $239.24M. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.74% over the week and 5.30% over the month.

    Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 8 of the 16 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the OGI, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on July 07, 2020, with the firm’s price target at. Raymond James coverage for the OrganiGram Holdings Inc. (OGI) stock in a research note released on January 15, 2020 offered a Outperform rating with a price target of. BofA/Merrill was of a view on January 13, 2020 that the stock is Underperform, while Raymond James gave the stock Mkt Perform rating on January 09, 2020, issuing a price target of. BMO Capital Markets on their part issued Market Perform rating on November 12, 2019.


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