OrganiGram Holdings Inc. (NASDAQ:OGI) price closed lower on Friday, May 03, dropping -1.33% below its previous close.
A look at the daily price movement shows that the last close reads $1.88. 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 subtracted -11.67% on its value in the past month.
OrganiGram Holdings Inc., which has a market valuation of $174.56 million. Analysts tracking OGI have forecast the quarterly EPS to shrink by -0.09 per share this quarter, while the same analysts predict the annual EPS to hit $0 for the year 2024 and up to -$0.25 for 2024.
On average, analysts have forecast the company’s revenue for the quarter will hit $118.11 million, with the likely lows of $115.4 million and highs of $121.32 million. Staying with the analyst view, there is a consensus estimate of $118.11 million for the company’s annual revenue in 2024.
On the technical perspective front, indicators give OGI a short term outlook of Hold 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 50% Buy.
The overview shows that OGI’s price is at present -5.08% off the SMA20 and -10.33% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.87, with weekly volatility standing at 9.72%. The indicator jumps to 7.10% when calculated based on the past 30 days. OrganiGram Holdings Inc. (NASDAQ:OGI)’s beta value is holding at 1.07, while the average true range (ATR) indicator is currently reading 0.16.
An analysis of the OrganiGram Holdings Inc. (NASDAQ:OGI) stock in terms of its daily trading volume indicates that the 3-month average is 1.61 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 6.84%. But the 41.60% 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.
