During the last session, OrganiGram Holdings Inc. (NASDAQ:OGI)’s traded shares were 7,534,093, with the beta value of the company hitting 0. At the end of the trading day, the stock’s price was $3.16, reflecting an intraday loss of -4.24% or -$0.14. The 52-week high for the OGI share is $6.45, that puts it down -104.11% from that peak though still a striking +68.04% gain since the share price plummeted to a 52-week low of $1.01. The company’s market capitalization is $928.13 Million, and the average intraday trading volume over the past 10 days was 8.8 Million shares, and the average trade volume was 26.4 Million shares over the past three months.
OrganiGram Holdings Inc. (OGI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 0. OGI has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 11 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 2 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight.
OrganiGram Holdings Inc. (NASDAQ:OGI): Trading Information
OrganiGram Holdings Inc. (OGI) registered a -4.24% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 11.73% in intraday trading to $3.58- this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is -7.33%, and it has moved by 17.91% in 30 days. Based on these gigs, the overall price performance for the year is 137.59%. The short interest in OrganiGram Holdings Inc. (NASDAQ:OGI) is 14.2 Million shares and it means that shorts have 0.54 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.34, which implies an increase of 5.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.57 and $4.8 respectively. As a result, OGI is trading at a discount of 51.9% off the target high and -50.32% off the low.
OrganiGram Holdings Inc. (OGI) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated 0%. While earnings are projected to return 0% in 2021, the next five years will return 0% per annum.
OrganiGram Holdings Inc. (NASDAQ:OGI)’s Biggest Investors
OrganiGram Holdings Inc. insiders own 25.25% of total outstanding shares while institutional holders control 19.22%, with the float percentage being 25.71%. ETF Managers Group, LLC is the largest shareholder of the company, while 127 institutions own stock in it. As of Dec 30, 2020, the company held over 19.67 Million shares (or 6.71% of all shares), a total value of $26.16 Million in shares.
The next largest institutional holding, with 7.43 Million shares, is of Millennium Management LLC’s that is approximately 2.53% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $9.88 Million.
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Also, the Mutual Funds coming in first place with the largest holdings of OrganiGram Holdings Inc. (OGI) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. Data provided on Dec 30, 2020 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 19,672,240 shares. This amounts to just over 6.71 percent of the company’s overall shares, with a $26.16 Million market value. The same data shows that the other fund manager holds slightly less at 4.03 Million, or about 1.38% of the stock, which is worth about $12.21 Million.