OrganiGram Holdings Inc (OGI) Stock: A Closer Look

OrganiGram Holdings Inc [OGI] stock prices are up 6.85% to $1.56 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OGI shares have gain 5.41% over the last week, with a monthly amount glided 5.41%, 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.

The stock price of OrganiGram Holdings Inc [OGI] has been fluctuating between $1.21 and $2.91 over the past year. OrganiGram Holdings Inc [NASDAQ: OGI] shares were valued at $1.56 at the most recent close of the market.

Analyzing the OGI fundamentals

The OrganiGram Holdings Inc [NASDAQ:OGI] reported sales of 117.45M for trailing twelve months, representing a drop of -4.53%. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.16 and Total Capital is -0.13. 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 1.4633 points at the first support level, and at 1.3667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6333, and for the 2nd resistance point, it is at 1.7067.

Ratios To Look Out For

It’s worth pointing out that OrganiGram Holdings Inc [NASDAQ:OGI]’s Current Ratio is 4.92. In addition, the Quick Ratio stands at 3.37 and the Cash Ratio stands at 2.0. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 0.75.

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