Organigram Holdings Inc. (NASDAQ: OGI) is -44.06% lower on its value in year-to-date trading and has touched a low of $0.44 and a high of $1.27 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 $0.50 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $0.93 for the next 12 months. It is also 73.05% off the consensus price target high of $1.67 offered by 10 analysts, but current levels are 39.19% higher than the price target low of $0.74 for the same period.
Currently trading at $0.45, the stock is -9.61% and -20.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.98 million and changing -10.05% at the moment leaves the stock -46.79% off its SMA200. OGI registered -61.09% loss for a year compared to 6-month loss of -56.55%. The firm has a 50-day simple moving average (SMA 50) of $0.80 and a 200-day simple moving average (SMA200) of $8.53.
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The stock witnessed a -12.03% gain in the last 1 month and extending the period to 3 months gives it a -41.80%, and is -5.59% down 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 9.54% over the week and 6.94% over the month.
Organigram Holdings Inc. (OGI) has around 939 employees, a market worth around $189.23M and $166.40M in sales. Profit margin for the company is -6.70%. Distance from 52-week low is 1.70% and -64.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.30%).
Organigram Holdings Inc. (OGI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Organigram Holdings Inc. (OGI) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 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 07/26/2023.The EPS is expected to grow by 90.90% this year
Organigram Holdings Inc. (OGI) Top Institutional Holders
The shares outstanding are 311.96M, and float is at 255.27M with Short Float at 3.43%.
Organigram Holdings Inc. (OGI): Who are the competitors?
The company’s main competitors (and peers) include Omeros Corporation (OMER) that is 113.79% higher over the past 12 months.