OrganiGram Holdings Inc (NASDAQ:OGI)’s traded shares stood at 0.63 million during the last session, with the company’s beta value hitting 1.02. At the close of trading, the stock’s price was $1.62, to imply an increase of 1.89% or $0.03 in intraday trading. The OGI share’s 52-week high remains $2.91, putting it -79.63% down since that peak but still an impressive 22.84% since price per share fell to its 52-week low of $1.25. The company has a valuation of $204.38M, with an average of 1.06 million shares in intraday trading volume over the past 10 days and average of 633.97K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for OrganiGram Holdings Inc (OGI), translating to a mean rating of 1.40. Of 2 analyst(s) looking at the stock, 0 analyst(s) give OGI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.02.
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OrganiGram Holdings Inc (NASDAQ:OGI) trade information
After registering a 1.89% upside in the last session, OrganiGram Holdings Inc (OGI) has traded red over the past five days. The 5-day price performance for the stock is 10.96%, and 10.20% over 30 days. With these gigs, the year-to-date price performance is 23.66%. Short interest in OrganiGram Holdings Inc (NASDAQ:OGI) saw shorts transact 2.75 million shares and set a 4.05 days time to cover.
OrganiGram Holdings Inc (OGI) estimates and forecasts
Looking at statistics comparing OrganiGram Holdings Inc share performance against respective industry, we note that the company has outperformed competitors. OrganiGram Holdings Inc (OGI) shares are 5.19% up over the last 6 months, with its year-to-date growth rate higher than industry average at 74.29% against 12.30%. The rating firms project that company’s revenue will grow 56.55% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 48.93M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 65.27M.Earnings reports from the last fiscal year show that sales brought in 36.45M and 37.63M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 34.23% before jumping 73.46% in the following quarter.
OGI Dividends
OrganiGram Holdings Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
OrganiGram Holdings Inc (NASDAQ:OGI)’s Major holders
OrganiGram Holdings Inc insiders hold 34.27% of total outstanding shares, with institutional holders owning 9.71% of the shares at 14.77% float percentage. In total, 9.71% institutions holds shares in the company, led by AMERICAN CAPITAL ADVISORY, LLC.
We also have Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF as the top two Mutual Funds with the largest holdings of the OrganiGram Holdings Inc (OGI) shares. Going by data provided on Sep 30, 2024 , Amplify ETF Tr-Amplify Alternative Harvest ETF holds roughly 1.95 shares. This is just over 1.54% of the total shares, with a market valuation of $3.16 million. Data from the same date shows that the other fund manager holds a little less at 711.78, or 0.56% of the shares, all valued at about 1.15 million.
