Organogenesis Holdings Inc (NASDAQ:ORGO) has a beta value of 1.72 and has seen 1.17 million shares traded in the last trading session. The company, currently valued at $540.94M, closed the last trade at $4.05 per share which meant it gained $0.03 on the day or 0.75% during that session. The ORGO stock price is -16.05% off its 52-week high price of $4.70 and 46.67% above the 52-week low of $2.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.07 million shares traded. The 3-month trading volume is 518.68K shares.
The consensus among analysts is that Organogenesis Holdings Inc (ORGO) is Buy stock at the moment, with a recommendation rating of 1.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.
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Organogenesis Holdings Inc (NASDAQ:ORGO) trade information
Sporting 0.75% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ORGO stock price touched $4.05 or saw a rise of 3.8%. Year-to-date, Organogenesis Holdings Inc shares have moved -0.98%, while the 5-day performance has seen it change 4.92%. Over the past 30 days, the shares of Organogenesis Holdings Inc (NASDAQ:ORGO) have changed 41.11%. Short interest in the company has seen 9.79 million shares shorted with days to cover at 23.59.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 19.0% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -23.46% off the targeted high while a plunge would see the stock gain -23.46% from current levels.
Organogenesis Holdings Inc (ORGO) estimates and forecasts
Figures show that Organogenesis Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 53.99% over the past 6 months, with this year growth rate of -275.00%, compared to 16.70% for the industry. Revenue growth from the last financial year stood is estimated to be 7.04%.
3 analysts offering their estimates for the company have set an average revenue estimate of 106.93M for the current quarter. 1 have an estimated revenue figure of 114.7M for the next ending quarter. Year-ago sales stood 99.65M and 109.98M respectively for this quarter and the next, and analysts expect sales will grow by 7.31% for the current quarter and 7.04% for the next.
Earnings growth for 2024 is a modest -127.99% while over the next 5 years, the company’s earnings are expected to increase by 2.41%.
ORGO Dividends
Organogenesis Holdings Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Organogenesis Holdings Inc (NASDAQ:ORGO)’s Major holders
Insiders own 43.44% of the company shares, while shares held by institutions stand at 48.28% with a share float percentage of 85.36%. Investors are also buoyed by the number of investors in a company, with Organogenesis Holdings Inc having a total of 152.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 11.58 million shares worth more than $32.41 million. As of 2024-06-30, MORGAN STANLEY held 8.7789% of shares outstanding.
The other major institutional holder is SOLEUS CAPITAL MANAGEMENT, L.P., with the holding of over 11.52 million shares as of 2024-06-30. The firm’s total holdings are worth over $32.25 million and represent 8.7356% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.48% shares in the company for having 1.96 shares of worth $7.93 million while later fund manager owns 1.59 shares of worth $6.44 million as of Jun 30, 2024 , which makes it owner of about 1.20% of company’s outstanding stock.
