In the past week, OGI stock has gone down by -7.05%, with a monthly decline of -14.83% and a quarterly plunge of -12.32%. The volatility ratio for the week is 7.18%, and the volatility levels for the last 30 days are 6.97% for OrganiGram Holdings Inc. The simple moving average for the last 20 days is -6.88% for OGI’s stock, with a simple moving average of 10.78% for the last 200 days.
Is It Worth Investing in OrganiGram Holdings Inc. (NASDAQ: OGI) Right Now?
Moreover, the 36-month beta value for OGI is 1.06. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OGI is 65.81M and currently, short sellers hold a 5.42% of that float. On May 08, 2024, OGI’s average trading volume was 1.60M shares.
OGI) stock’s latest price update
OrganiGram Holdings Inc. (NASDAQ: OGI) has experienced a decline in its stock price by -1.11 compared to its previous closing price of 1.80. However, the company has seen a fall of -7.05% in its stock price over the last five trading days. InvestorPlace reported 2024-04-27 that As the cannabis market continues to expand globally, savvy investors are looking for top cannabis stocks to buy. The global legal cannabis market is projected to reach $58 billion by 2028, driven primarily by adult-use sales in the U.S., according to BDSA.
OGI Trading at -13.54% 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 -38.83% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 7.18%, as shares sank -13.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.13% lower at present.
During the last 5 trading sessions, OGI fell by -6.53%, which changed the moving average for the period of 200-days by +31.62% in comparison to the 20-day moving average, which settled at $1.8975. In addition, OrganiGram Holdings Inc. saw 35.88% 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 1.22. 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
To wrap up, the performance of OrganiGram Holdings Inc. (OGI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
