During the last session, OrganiGram Holdings Inc. (NASDAQ:OGI)’s traded shares were 0.68 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $1.47, reflecting an intraday loss of -4.55% or -$0.07. The 52-week high for the OGI share is $2.91, that puts it down -97.96 from that peak though still a striking 34.01% gain since the share price plummeted to a 52-week low of $0.97. The company’s market capitalization is $151.95M, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 709.37K shares over the past three months.
OrganiGram Holdings Inc. (OGI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. OGI has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
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OrganiGram Holdings Inc. (NASDAQ:OGI) trade information
OrganiGram Holdings Inc. (OGI) registered a -4.55% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.55% in intraday trading to $1.47, hitting a weekly high. The stock’s 5-day price performance is -1.34%, and it has moved by -13.53% in 30 days. Based on these gigs, the overall price performance for the year is 7.30%. The short interest in OrganiGram Holdings Inc. (NASDAQ:OGI) is 3.91 million shares and it means that shorts have 5.66 day(s) to cover.
OrganiGram Holdings Inc. (OGI) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 28.60% this quarter and then jump 92.00% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 28.56M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 31.03M by the end of current fiscal year.
OGI Dividends
OrganiGram Holdings Inc. is due to release its next quarterly earnings 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
OrganiGram Holdings Inc. (NASDAQ:OGI)’s Major holders
OrganiGram Holdings Inc. insiders own 27.16% of total outstanding shares while institutional holders control 14.42%, with the float percentage being 19.79%. AMERICAN CAPITAL ADVISORY, LLC is the largest shareholder of the company, while 106.0 institutions own stock in it. As of 2024-03-31, the company held over 296.0 shares (or 0.0003% of all shares), a total value of $190.0 in shares.
Also, the Mutual Funds coming in first place with the largest holdings of OrganiGram Holdings Inc. (OGI) shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF . Data provided on Mar 31, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 1.74 shares. This amounts to just over 1.67 percent of the company’s overall shares, with a $2.55 million market value. The same data shows that the other fund manager holds slightly less at 1.0, or about 0.96% of the stock, which is worth about $1.47 million.
