OrganiGram Holdings Inc. (NASDAQ: OGI) is -41.71% lower on its value in year-to-date trading and has touched a low of $0.84 and a high of $2.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OGI stock was last observed hovering at around $1.00 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.02, the stock is 3.48% and 7.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 2.00% at the moment leaves the stock -14.24% off its SMA200. OGI registered -49.75% loss for a year compared to 6-month loss of -11.30%.
The stock witnessed a 9.69% gain in the last 1 month and extending the period to 3 months gives it a -10.53%, and is 2.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.34% over the week and 5.27% over the month.
OrganiGram Holdings Inc. (OGI) has around 865 employees, a market worth around $407.71M and $125.20M in sales. Profit margin for the company is -27.20%. Distance from 52-week low is 21.41% and -53.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.90%).
OrganiGram Holdings Inc. (OGI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for OrganiGram Holdings Inc. (OGI) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 1 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
OrganiGram Holdings Inc. is expected to release its quarterly report on 01/10/2023.The EPS is expected to grow by 35.30% this year
OrganiGram Holdings Inc. (OGI) Top Institutional Holders
The shares outstanding are 311.06M, and float is at 255.27M with Short Float at 3.37%.
OrganiGram Holdings Inc. (OGI): Who are the competitors?
The company’s main competitors (and peers) include Omeros Corporation (OMER) that is -72.99% lower over the past 12 months.