OrganiGram Holdings Inc. [OGI] stock is trading at $2.23, up 7.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OGI shares have gain 14.36% over the last week, with a monthly amount glided 10.95%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, February 2024, Organigram Applauds the Standing Committee on Finance’s Recommendation on Excise Duty. In a post published today on Yahoo Finance, Revised Excise Framework Remains One of the Most Critical Reforms Required to Ensure the Long-Term Viability of the Cannabis Industry.
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.
OrganiGram Holdings Inc. [OGI] stock has fluctuated between $0.97 and $2.92 over the past year. OrganiGram Holdings Inc. [NASDAQ: OGI] shares were valued at $2.23 at the most recent close of the market.
Analyzing the OGI fundamentals
OrganiGram Holdings Inc. [NASDAQ:OGI] reported sales of 114.53M for the trailing twelve months, which represents a drop of -16.66%. Gross Profit Margin for this corporation currently stands at -0.01% with Operating Profit Margin at -1.85%, Pretax Profit Margin comes in at -1.77%, and Net Profit Margin reading is -1.74%. To continue investigating profitability, this company’s Return on Assets is posted at -0.9, Equity is -0.8 and Total Capital is -1.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 2.10 points at the first support level, and at 1.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.31, and for the 2nd resistance point, it is at 2.40.
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
For context, OrganiGram Holdings Inc.’s Current Ratio is 4.28. Also, the Quick Ratio is 2.11, while the Cash Ratio stands at 1.12. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 0.93.
