Following The Money: Institution’s Growing Stake In OrganiGram Holdings Inc (NASDAQ: OGI)

OrganiGram Holdings Inc (OGI) concluded trading on Wednesday at a closing price of $1.64, with 0.49 million shares of worth about $0.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.80% during that period and on January 08, 2025 the price saw a loss of about -2.96%. Currently the company’s common shares owned by public are about 108.59M shares, out of which, 84.49M shares are available for trading.

Stock saw a price change of 1.86% in past 5 days and over the past one month there was a price change of 2.50%. Year-to-date (YTD), OGI shares are showing a performance of 1.86% which increased to 15.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.31 but also hit the highest price of $2.91 during that period. The average intraday trading volume for OrganiGram Holdings Inc shares is 665.21K. The stock is currently trading 3.93% above its 20-day simple moving average (SMA20), while that difference is up 3.43% for SMA50 and it goes to -5.76% lower than SMA200.

OrganiGram Holdings Inc (NASDAQ: OGI) currently have 108.59M outstanding shares and institutions hold larger chunk of about 6.44% of that.

The stock has a current market capitalization of $206.90M and its 3Y-monthly beta is at 1.00. It has posted earnings per share of -$0.38 in the same period. It has Quick Ratio of 3.37 while making debt-to-equity ratio of 0.01. 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 5.35% while standing at 6.21% over the month.

Stock get a Neutral rating from CIBC on May 11, 2021.

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