In the last trading session, 2.9 million OrganiGram Holdings Inc. (NASDAQ:OGI) shares changed hands as the company’s beta touched 1.09. With the company’s per share price at $2.72 changed hands at $0.21 or 8.37% during last session, the market valuation stood at $255.95M. OGI’s last price was a discount, traded about -7.35% off its 52-week high of $2.92. The share price had its 52-week low at $0.97, which suggests the last value was 64.34% up since then. When we look at OrganiGram Holdings Inc.’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 989.69K.
OrganiGram Holdings Inc. (NASDAQ:OGI) trade information
Instantly OGI was in green as seen at the end of in last trading. With action 31.40%, the performance over the past five days has been green. The jump to weekly highs of 2.79 added 8.37% to the stock’s daily price. The company’s shares are showing year-to-date upside of 107.63%, with the 5-day performance at 31.40% in the green. However, in the 30-day time frame, OrganiGram Holdings Inc. (NASDAQ:OGI) is 37.37% up. Looking at the short shares, we see there were 4.17 million shares sold at short interest cover period of 3.45 days.
OrganiGram Holdings Inc. (OGI) estimates and forecasts
Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for OrganiGram Holdings Inc. will fall -280.00%, while the growth in revenue is estimated to hit -14.30% for the next quarter.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $119.36 million. 3 analysts are of the opinion that OrganiGram Holdings Inc.’s revenue for the quarter ending Feb 2024 will be $119.36 million.
OGI Dividends
OrganiGram Holdings Inc. is expected to release its next quarterly earnings report between April 09 and April 15.
OrganiGram Holdings Inc. (NASDAQ:OGI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 34.74% of OrganiGram Holdings Inc. shares while 11.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 17.21%. There are 11.23% institutions holding the OrganiGram Holdings Inc. stock share, with ETF Managers Group, LLC the top institutional holder. As of Mar 30, 2023, the company held 2.28% of the shares, roughly 1.84 million OGI shares worth $4.71 million.
Mirae Asset Global Investments Co., Ltd. holds the second largest percentage of outstanding shares, with 0.99% or 0.8 million shares worth $1.24 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. With 2.02 million shares estimated at $3.15 million under it, the former controlled 2.51% of total outstanding shares. On the other hand, Global X Fds-The Global X Cannabis ETF held about 1.39% of the shares, roughly 1.12 million shares worth around $1.47 million.
