OrganiGram Holdings Inc (NASDAQ: OGI)’s Stock Is Up 18.92%, A Prediction For What Could Come Next

During the last session, OrganiGram Holdings Inc (NASDAQ:OGI)’s traded shares were 0.56 million, with the beta value of the company hitting 1.03. At the end of the trading day, the stock’s price was $1.48, reflecting an intraday loss of -1.99% or -$0.03. The 52-week high for the OGI share is $2.91, that puts it down -96.62 from that peak though still a striking 18.92% gain since the share price plummeted to a 52-week low of $1.20. The company’s market capitalization is $160.68M, and the average intraday trading volume over the past 10 days was 0.74 million shares, and the average trade volume was 522.54K 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 1.40. 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 -0.04.

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OrganiGram Holdings Inc (NASDAQ:OGI) trade information

OrganiGram Holdings Inc (OGI) registered a -1.99% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.99% in intraday trading to $1.48, hitting a weekly high. The stock’s 5-day price performance is -7.50%, and it has moved by -6.33% in 30 days. Based on these gigs, the overall price performance for the year is 11.28%. The short interest in OrganiGram Holdings Inc (NASDAQ:OGI) is 2.75 million shares and it means that shorts have 4.05 day(s) to cover.

OrganiGram Holdings Inc (OGI) estimates and forecasts

In the rating firms’ projections, revenue will decrease -0.94% compared to the previous financial year.

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 43.84M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 49.39M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 46.04M and 36.45M respectively. In this case, analysts expect current quarter sales to shrink by -4.79% and then jump by 35.49% in the coming quarter.

OGI Dividends

OrganiGram Holdings Inc is due to release its next quarterly earnings in January. 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 31.32% of total outstanding shares while institutional holders control 9.71%, with the float percentage being 14.14%.