OrganiGram Holdings Inc. (OGI) concluded trading on 01/11/24 at a closing price of $1.70, with 3.0 million shares of worth about $5.1 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.37% during that period and on Thursday the price saw a gain of about 18.47%. Currently the company’s common shares owned by public are about 81.16M shares, out of which, 65.75M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the OGI stock and their offered price forecasts bring an average price target of $3.35. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.50 and could fall to a lowest price of $2.00. The stock’s current price level is 32.54% above of average price target set by the analysts, while a rise to estimated low would result in gain of 15.0% for the stock. However, touching the estimated high of $5.50 would mean a gain of 69.09% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 6,000 shares in 1 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
OrganiGram Holdings Inc. (NASDAQ: OGI) started trading at $1.44, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 1.7400, or with a gain of 18.47%. Stock saw a price change of 26.87% in past 5 days and over the past one month there was a price change of 28.79%. Year-to-date (YTD), OGI shares are showing a performance of 29.77% which decreased to -47.53% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.97 but also hit the highest price of $4.12 during that period. The average intraday trading volume for OrganiGram Holdings Inc. shares is 1.25 million. The stock is currently trading 27.82% above its 20-day simple moving average (SMA20), while that difference is up 32.56% for SMA50 and it goes to 8.14% higher than SMA200.
OrganiGram Holdings Inc. (NASDAQ: OGI) currently have 81.16M outstanding shares and institutions hold larger chunk of about 9.36% of that.
The stock has a current market capitalization of $137.97M and its 3Y-monthly beta is at 1.01. It has posted earnings per share of -$2.04 in the same period. It has Quick Ratio of 2.48 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OGI, volatility over the week remained 9.79% while standing at 7.55% over the month.
Analysts are in expectations that OrganiGram Holdings Inc. (OGI) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.1 which is -$0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago.
Analysts at 8 brokerage firms have issued recommendations for the OrganiGram Holdings Inc. (OGI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 8 Wall Street analysts, 4 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
