A share price of OrganiGram Holdings Inc. [OGI] is currently trading at $2.18, up 2.83%. 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 5.83% over the last week, with a monthly amount glided 9.55%, and seem to be holding up well over a long-time horizon.
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On 8, April 2024, Organigram Recognized for Executive Gender Diversity by the Globe & Mail’s Women Lead Here Report for the Fourth Consecutive Year. In a post published today on Yahoo Finance, The fifth annual Report on Business editorial benchmark identifies top-level Canadian businesses with the highest executive gender diversity.
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. experienced fluctuations in its stock price throughout the past year between $0.97 and $2.92. OrganiGram Holdings Inc. [NASDAQ: OGI] shares were valued at $2.18 at the most recent close of the market.
Analyzing the OGI fundamentals
Trailing Twelve Months sales for OrganiGram Holdings Inc. [NASDAQ:OGI] were 114.53M which represents -16.66% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 2.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.27, and for the 2nd resistance point, it is at 2.36.
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
To put it in perspective, the Current Ratio for OrganiGram Holdings Inc. [NASDAQ:OGI] 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 1.79, the price to book ratio is 0.90.
