OrganiGram Holdings Inc. (NASDAQ: OGI) has experienced a decline in its stock price by -3.63 compared to its previous closing price of 1.93. However, the company has seen a fall of -0.53% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-21 that Organigram stock has performed well this year, despite an equity raise and a temporary pullback caused by Tilray’s poor financial report. The fiscal Q1 report showed a revenue shortfall, particularly in international sales, but positive operating cash flow. Analysts’ outlook for Organigram’s future revenue and adjusted EBITDA has remained relatively stable.
Is It Worth Investing in OrganiGram Holdings Inc. (NASDAQ: OGI) Right Now?
The 36-month beta value for OGI is at 1.06. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OGI is 65.80M, and currently, shorts hold a 5.42% of that float. The average trading volume for OGI on April 26, 2024 was 1.46M shares.
OGI’s Market Performance
OGI stock saw a decrease of -0.53% in the past week, with a monthly decline of -30.60% and a quarterly a decrease of 14.81%. The volatility ratio for the week is 5.50%, and the volatility levels for the last 30 days are 7.67% for OrganiGram Holdings Inc. (OGI).. The simple moving average for the past 20 days is -8.18% for OGI’s stock, with a 16.85% simple moving average for the past 200 days.
OGI Trading at -10.50% 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 -36.08% of loss for the given period.
Volatility was left at 7.67%, however, over the last 30 days, the volatility rate increased by 5.50%, as shares sank -18.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.54% upper at present.
During the last 5 trading sessions, OGI fell by -0.53%, which changed the moving average for the period of 200-days by +10.06% in comparison to the 20-day moving average, which settled at $2.0040. In addition, OrganiGram Holdings Inc. saw 41.98% 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 1.28. 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 conclusion, OrganiGram Holdings Inc. (OGI) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
