A peek at OrganiGram Holdings Inc. (OGI): Who has invested in It?

OrganiGram Holdings Inc. (NASDAQ: OGI) is 65.65% higher on its value in year-to-date trading and has touched a low of $0.97 and a high of $3.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OGI stock was last observed hovering at around $2.03 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $2.17, the stock is 22.88% and 44.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing 6.90% at the moment leaves the stock 43.61% off its SMA200. OGI registered -38.63% loss for a year compared to 6-month gain of 58.39%. The firm has a 50-day simple moving average (SMA 50) of $1.13 and a 200-day simple moving average (SMA200) of -$0.93.

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The stock witnessed a 58.39% gain in the last 1 month and extending the period to 3 months gives it a 61.94%, and is 18.58% 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 11.72% over the week and 10.51% over the month.

OrganiGram Holdings Inc. (OGI) has around 935 employees, a market worth around $176.12M and $119.88M in sales. Profit margin for the company is -153.07%. Distance from 52-week low is 123.67% and -39.11% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.14%).

OrganiGram Holdings Inc. quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $27.99M over the same period., but quarterly earnings will post 2.60% year-over-year. Quarterly sales are estimated to shrink -9.10% in year-over-year returns.

96 institutions hold shares in OrganiGram Holdings Inc. (OGI), with institutional investors hold 17.37% of the company’s shares. The shares outstanding are 81.16M, and float is at 52.87M with Short Float at 7.47%. Institutions hold 11.34% of the Float.

The top institutional shareholder in the company is ETF Managers Group, LLC with over 1.84 million shares valued at $4.71 million. The investor’s holdings represent 2.28% of the OGI Shares outstanding. As of Jun 29, 2023, the second largest holder is Mirae Asset Global Investments Co., Ltd. with 0.8 million shares valued at $1.24 million to account for 0.99% of the shares outstanding. The other top investors are AdvisorShares Investments, LLC which holds 0.52 million shares representing 0.65% and valued at over $0.82 million, while Bank of Montreal/Can/ holds 0.58% of the shares totaling 0.47 million with a market value of $0.73 million.

OrganiGram Holdings Inc. (OGI) Insider Activity

A total of 0 insider transactions have happened at OrganiGram Holdings Inc. (OGI) in the last six months, with sales accounting for 0 and purchases happening 0 times.

OrganiGram Holdings Inc. (OGI): Who are the competitors?

One of the company’s main competitors (and peers) include Ono Pharmaceutical Co. Ltd. ADR (OPHLY) that is trading -22.99% down over the past 12 months.Omeros Corp. (OMER) lies in the list of competitors of the OrganiGram Holdings Inc. and is -34.46% lower over the same period from OGI