OrganiGram Holdings Inc. (NASDAQ: OGI)’s stock price has gone decline by -3.67 in comparison to its previous close of 2.18, however, the company has experienced a 2.94% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that OrganiGram (OGI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Is It Worth Investing in OrganiGram Holdings Inc. (NASDAQ: OGI) Right Now?
The 36-month beta value for OGI is also noteworthy at 1.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for OGI is 65.80M, and at present, short sellers hold a 5.42% of that float. The average trading volume of OGI on April 09, 2024 was 1.45M shares.
OGI’s Market Performance
OGI stock saw an increase of 2.94% in the past week, with a monthly gain of 3.96% and a quarterly increase of 47.89%. The volatility ratio for the week is 9.58%, and the volatility levels for the last 30 days are 9.26% for OrganiGram Holdings Inc. (OGI). The simple moving average for the past 20 days is -5.12% for OGI’s stock, with a 33.72% simple moving average for the past 200 days.
OGI Trading at 1.55% from the 50-Day Moving Average
After a stumble in the market that brought OGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.08% of loss for the given period.
Volatility was left at 9.26%, however, over the last 30 days, the volatility rate increased by 9.58%, as shares surge +5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.91% upper at present.
During the last 5 trading sessions, OGI rose by +1.23%, which changed the moving average for the period of 200-days by +22.92% in comparison to the 20-day moving average, which settled at $2.22. In addition, OrganiGram Holdings Inc. saw 60.31% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for OGI
Current profitability levels for the company are sitting at:
- -1.85 for the present operating margin
- -0.01 for the gross margin
The net margin for OrganiGram Holdings Inc. stands at -1.74. The total capital return value is set at -1.09. Equity return is now at value -69.15, with -61.28 for asset returns.
Based on OrganiGram Holdings Inc. (OGI), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -246.33. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -927.82.
Currently, EBITDA for the company is -88.23 million with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 5.53for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.28.
Conclusion
In summary, OrganiGram Holdings Inc. (OGI) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
