In the last trading session, 2.14 million shares of the OrganiGram Holdings Inc (NASDAQ:OGI) were traded, and its beta was 1.03. Most recently the company’s share price was $1.60, and it changed around $0.15 or 10.34% from the last close, which brings the market valuation of the company to $173.71M. OGI currently trades at a discount to its 52-week high of $2.91, offering almost -81.88% off that amount. The share price’s 52-week low was $1.20, which indicates that the current value has risen by an impressive 25.0% since then. We note from OrganiGram Holdings Inc’s average daily trading volume that its 10-day average is 0.74 million shares, with the 3-month average coming to 474.66K.
OrganiGram Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended OGI as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. OrganiGram Holdings Inc is expected to report earnings per share of -0.04 for the current quarter.
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OrganiGram Holdings Inc (NASDAQ:OGI) trade information
Instantly OGI has showed a green trend with a performance of 10.34% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6700 on recent trading dayincreased the stock’s daily price by 4.19%. The company’s shares are currently up 22.14% year-to-date, but still up 5.96% over the last five days. On the other hand, OrganiGram Holdings Inc (NASDAQ:OGI) is -4.76% down in the 30-day period. We can see from the shorts that 2.75 million shares have been sold at a short interest cover period of 6.16 day(s).
OrganiGram Holdings Inc (OGI) estimates and forecasts
The year-over-year growth rate is expected to be -0.75%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 44.19M in revenue for the current quarter. 5 analysts expect OrganiGram Holdings Inc to make 47.17M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 46.04M and 36.45M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.03%. Forecasts for the next quarter put sales growth at 29.40%.
OGI Dividends
OrganiGram Holdings Inc’s next quarterly earnings report is expected to be released in January.
OrganiGram Holdings Inc (NASDAQ:OGI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.32% of OrganiGram Holdings Inc shares, and 9.71% of them are in the hands of institutional investors. The stock currently has a share float of 14.14%.
