OrganiGram Holdings Inc. (NASDAQ:OGI) price closed lower on Monday, April 15, dropping -3.09% below its previous close.
A look at the daily price movement shows that the last close reads $1.94. The company’s 5Y monthly beta was ticking 1.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.91 and 52-week low of $0.97. The stock added 1.08% on its value in the past month.
OrganiGram Holdings Inc., which has a market valuation of $176.91 million, is expected to release its quarterly earnings report Jul 11, 2024 – Jul 15, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give OGI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that OGI’s price is at present -15.99% off the SMA20 and -10.44% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.20, with weekly volatility standing at 6.60%. The indicator jumps to 9.71% when calculated based on the past 30 days. OrganiGram Holdings Inc. (NASDAQ:OGI)’s beta value is holding at 1.06, while the average true range (ATR) indicator is currently reading 0.18.
An analysis of the OrganiGram Holdings Inc. (NASDAQ:OGI) stock in terms of its daily trading volume indicates that the 3-month average is 1.45 million.
Current records show that the company has 81.16M in outstanding shares. The insiders’ percentage holdings are 30.07% of outstanding shares while the percentage share held by institutions stands at 8.06%. But the 43.51% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
