During the last session, OrganiGram Holdings Inc (NASDAQ:OGI)’s traded shares were 0.38 million, with the beta value of the company hitting 1.08. At the end of the trading day, the stock’s price was $1.03, reflecting an intraday loss of -2.83% or -$0.03. The 52-week high for the OGI share is $2.37, that puts it down -130.1 from that peak though still a striking 6.8% gain since the share price plummeted to a 52-week low of $0.96. The company’s market capitalization is $130.01M, and the average intraday trading volume over the past 10 days was 0.43 million shares, and the average trade volume was 890.80K 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 -0.03.
OrganiGram Holdings Inc (NASDAQ:OGI) trade information
OrganiGram Holdings Inc (OGI) registered a -2.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.83% in intraday trading to $1.03, hitting a weekly high. The stock’s 5-day price performance is -7.21%, and it has moved by -9.65% in 30 days. Based on these gigs, the overall price performance for the year is -61.57%. The short interest in OrganiGram Holdings Inc (NASDAQ:OGI) is 5.4 million shares and it means that shorts have 4.3 day(s) to cover.
OrganiGram Holdings Inc (OGI) estimates and forecasts
In the rating firms’ projections, revenue will increase 48.62% 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 61.27M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 65.31M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 37.63M and 41.06M respectively. In this case, analysts expect current quarter sales to grow by 62.83% and then jump by 59.06% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.39%. While earnings are projected to return 38.82% in 2025.
OGI Dividends
OrganiGram Holdings Inc is due to release its next quarterly earnings on 2025-Feb-10. 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 34.41% of total outstanding shares while institutional holders control 6.48%, with the float percentage being 9.89%. TOROSO INVESTMENTS, LLC is the largest shareholder of the company, while 98.0 institutions own stock in it. As of 2024-06-30, the company held over 1.8 million shares (or 1.7331% of all shares), a total value of $2.77 million in shares.
The next largest institutional holding, with 1.0 million shares, is of ADVISORSHARES INVESTMENTS LLC’s that is approximately 0.9635% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of OrganiGram Holdings Inc (OGI) shares are Amplify ETF Trust-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF . Data provided on Dec 31, 2024 indicates that Amplify ETF Trust-Amplify Alternative Harvest ETF owns about 1.72 shares. This amounts to just over 1.36 percent of the company’s overall shares, with a $1.77 million market value. The same data shows that the other fund manager holds slightly less at 715.95, or about 0.57% of the stock, which is worth about $0.74 million.
