Why should you add OrganiGram Holdings Inc. (OGI) to your portfolio? – Marketing Sentinel

Why should you add OrganiGram Holdings Inc. (OGI) to your portfolio?

OrganiGram Holdings Inc. (NASDAQ:OGI) has a beta value of 0 and has seen 5,937,619 shares traded in the last trading session. The company, currently valued at $791.91 Million, closed the last trade at $2.65 per share which meant it lost -$0.08 on the day or -2.75% during that session. The OGI stock price is -143.4% off its 52-week high price of $6.45 and 61.89% above the 52-week low of $1.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.8 Million shares traded. The 3-month trading volume is 26.4 Million shares.

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The consensus among analysts is that OrganiGram Holdings Inc. (OGI) is a Hold stock at the moment, with a recommendation rating of 0. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 11 out of 15 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight.

OrganiGram Holdings Inc. (NASDAQ:OGI) trade information

Despite being -2.75% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the OGI stock price touched $2.89-8 or saw a rise of 8.13%. Year-to-date, OrganiGram Holdings Inc. shares have moved 99.62%, while the 5-day performance has seen it change 0.57%. Over the past 30 days, the shares of OrganiGram Holdings Inc. (NASDAQ:OGI) have changed -22.14%. Short interest in the company has seen 13.81 Million shares shorted with days to cover at 0.52.

Wall Street analysts have a consensus price target for the stock at $3.12, which means that the shares’ value could jump 17.74% from current levels. The projected low price target is $1.99 while the price target rests at a high of $4.9. In that case, then, we find that the current price level is +84.91% off the targeted high while a plunge would see the stock lose -24.91% from current levels.

OrganiGram Holdings Inc. (OGI) estimates and forecasts

Earnings growth for 2021 is a modest +0%.

OrganiGram Holdings Inc. (NASDAQ:OGI)’s Major holders

Insiders own 19.66% of the company shares, while shares held by institutions stand at 15.24% with a share float percentage of 18.97%. Investors are also buoyed by the number of investors in a company, with OrganiGram Holdings Inc. having a total of 139 institutions that hold shares in the company. The top two institutional holders are ETF Managers Group, LLC with over 19.67 Million shares worth more than $26.16 Million. As of December 30, 2020, ETF Managers Group, LLC held 6.6% of shares outstanding.

The other major institutional holder is Millennium Management LLC, with the holding of over 7.43 Million shares as of December 30, 2020. The firm’s total holdings are worth over $9.88 Million and represent 2.49% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. As of December 30, 2020, the former fund manager holds about 6.6% shares in the company for having 19672240 shares of worth $26.16 Million while later fund manager owns 4.03 Million shares of worth $13.99 Million as of March 30, 2021, which makes it owner of about 1.35% of company’s outstanding stock.

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