OrganiGram Holdings Inc. [OGI] stock prices are up 5.88% to $2.16 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OGI shares have gain 4.35% over the last week, with a monthly amount glided 31.71%, and seem to be holding up well over a long-time horizon.
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On 13, February 2024, Organigram Reports First Quarter Fiscal 2024 Results. In a post published today on Yahoo Finance, Achieved positive cash flow from operations, solidified #2 market position in Canada among licensed producers, significantly improved margins sequentially quarter-over-quarter, and closed first $41.5 million tranche of previously announced $124.6 million investment from BAT.
From an analyst’s perspective:
OrganiGram Holdings Inc. [NASDAQ: OGI] stock has seen the most recent analyst activity on January 13, 2023, when Stifel upgraded its rating to a Buy. Previously, Canaccord Genuity upgraded its rating to Speculative Buy on January 12, 2022. On May 11, 2021, upgrade upgraded it’s rating to Neutral. CIBC downgraded its rating to a Sector Underperform. BMO Capital Markets upgraded its rating to a Market Perform. BMO Capital Markets downgraded its rating to Underperform for this stock on March 10, 2021. In a note dated January 13, 2021, Canaccord Genuity downgraded an Hold rating on this stock.
The stock price of OrganiGram Holdings Inc. [OGI] has been fluctuating between $0.97 and $3.20 over the past year. OrganiGram Holdings Inc. [NASDAQ: OGI] shares were valued at $2.16 at the most recent close of the market.
Analyzing the OGI fundamentals
The OrganiGram Holdings Inc. [NASDAQ:OGI] reported sales of 114.53M for trailing twelve months, representing a drop of -16.66%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.06 points at the first support level, and at 1.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.23, and for the 2nd resistance point, it is at 2.29.
OrganiGram Holdings Inc. [OGI] reported earnings per share of -$0.09 for its fiscal quarter that ended on 8/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 5/30/2023 were -$0.5 per share as compared to estimates of -$0.05 per share, a difference of -$0.45 representing a surprise of -900.00%.
Ratios To Look Out For
It’s worth pointing out that OrganiGram Holdings Inc. [NASDAQ:OGI]’s Current Ratio is 4.28. Further, the Quick Ratio stands at 2.11, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 0.90.
