OrganiGram Holdings Inc (NASDAQ:OGI) has a beta value of 1.02 and has seen 1.47 million shares traded in the recent trading session. The company, currently valued at $168.83M, closed the recent trade at $1.55 per share which meant it lost -$0.06 on the day or -3.42% during that session. The OGI stock price is -87.74% off its 52-week high price of $2.91 and 21.94% above the 52-week low of $1.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.94 million shares traded. The 3-month trading volume is 559.22K shares.
The consensus among analysts is that OrganiGram Holdings Inc (OGI) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
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OrganiGram Holdings Inc (NASDAQ:OGI) trade information
Sporting -3.42% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the OGI stock price touched $1.55 or saw a rise of 9.36%. Year-to-date, OrganiGram Holdings Inc shares have moved 18.70%, while the 5-day performance has seen it change 2.30%. Over the past 30 days, the shares of OrganiGram Holdings Inc (NASDAQ:OGI) have changed 5.07%. Short interest in the company has seen 2.75 million shares shorted with days to cover at 4.05.
OrganiGram Holdings Inc (OGI) estimates and forecasts
The company’s shares have gained 0.97% over the past 6 months, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be 51.84%.
5 analysts offering their estimates for the company have set an average revenue estimate of 49.29M for the current quarter. 5 have an estimated revenue figure of 61.2M for the next ending quarter. Year-ago sales stood 36.45M and 37.63M respectively for this quarter and the next, and analysts expect sales will grow by 35.22% for the current quarter and 51.84% for the next.
OGI Dividends
OrganiGram Holdings Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
OrganiGram Holdings Inc (NASDAQ:OGI)’s Major holders
Insiders own 34.27% of the company shares, while shares held by institutions stand at 9.71% with a share float percentage of 14.78%. Investors are also buoyed by the number of investors in a company, with OrganiGram Holdings Inc having a total of 87.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF. As of Sep 30, 2024, the former fund manager holds about 1.54% shares in the company for having 1.95 shares of worth $3.05 million while later fund manager owns 711.78 shares of worth $1.11 million as of Oct 31, 2024, which makes it owner of about 0.56% of company’s outstanding stock.
