OrganiGram Holdings Inc. (OGI) Shares on the Rise: Short-term Analysis

At the time of writing, OrganiGram Holdings Inc. [OGI] stock is trading at $1.86, up 5.68%. 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 7.51% over the last week, with a monthly amount glided 3.91%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Alliance Global Partners upgraded its rating to Buy on April 15, 2024. On January 13, 2023, upgrade upgraded it’s rating to Buy. Canaccord Genuity upgraded its rating to a Speculative Buy. CIBC upgraded its rating to a Neutral. CIBC downgraded its rating to Sector Underperform for this stock on April 14, 2021. In a note dated April 08, 2021, BMO Capital Markets upgraded an Market Perform rating on this stock.

For the past year, the stock price of OrganiGram Holdings Inc. fluctuated between $0.97 and $2.91. OrganiGram Holdings Inc. [NASDAQ: OGI] shares were valued at $1.86 at the most recent close of the market.

Analyzing the OGI fundamentals

According to OrganiGram Holdings Inc. [NASDAQ:OGI], the company’s sales were 119.00M for trailing twelve months, which represents an 24.20% jump. Gross Profit Margin for this corporation currently stands at -0.05% with Operating Profit Margin at -0.61%, Pretax Profit Margin comes in at -0.47%, and Net Profit Margin reading is -0.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.27 and Total Capital is -0.32. 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 1.7667 points at the first support level, and at 1.6733 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9167, and for the 2nd resistance point, it is at 1.9733.

Ratios To Look Out For

It is important to note that OrganiGram Holdings Inc. [NASDAQ:OGI] has a current ratio of 4.29. Further, the Quick Ratio stands at 2.54, while the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 1.70, the price to book ratio is 0.89.

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