In the past week, OGI stock has gone down by -11.33%, with a monthly decline of -6.74% and a quarterly plunge of -10.89%. The volatility ratio for the week is 5.55%, and the volatility levels for the last 30 days are 6.99% for OrganiGram Holdings Inc. The simple moving average for the last 20 days is -4.77% for OGI stock, with a simple moving average of 10.25% for the last 200 days.
Is It Worth Investing in OrganiGram Holdings Inc. (NASDAQ: OGI) Right Now?
The 36-month beta value for OGI is also noteworthy at 1.04. 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.”
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The public float for OGI is 72.29M, and at present, short sellers hold a 5.34% of that float. The average trading volume of OGI on May 24, 2024 was 1.60M shares.
OGI) stock’s latest price update
The stock price of OrganiGram Holdings Inc. (NASDAQ: OGI) has plunged by -4.26 when compared to previous closing price of 1.88, but the company has seen a -11.33% decline in its stock price over the last five trading sessions. marijuanastocks.com reported 2024-05-21 that As Memorial Day weekend approaches, investors are eyeing top Canadian marijuana stocks. These stocks have shown potential for significant growth. The global cannabis industry is expected to be worth over $73 billion by 2027, according to Grand View Research. Canada’s leading cannabis companies, such as Canopy Growth and Aurora Cannabis, continue to dominate the market. They offer strong investment opportunities. Recently, news about U.S. legalization efforts has stirred the market. The SAFE Banking Act is gaining momentum in Congress, which could boost Canadian stocks with U.S. ties. This legislation aims to provide financial services to cannabis businesses.
OGI Trading at -11.30% 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 -38.14% of loss for the given period.
Volatility was left at 6.99%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -3.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.25% lower at present.
During the last 5 trading sessions, OGI fell by -11.33%, which changed the moving average for the period of 200-days by +23.29% in comparison to the 20-day moving average, which settled at $1.8872. In addition, OrganiGram Holdings Inc. saw 37.40% 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:
- -1.96 for the present operating margin
- -0.08 for the gross margin
The net margin for OrganiGram Holdings Inc. stands at -1.89. The total capital return value is set at -1.09. Equity return is now at value -74.30, with -65.66 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 -186.89. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -965.5.
Currently, EBITDA for the company is -88.23 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.2. The receivables turnover for the company is 5.24for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.47.
Conclusion
In summary, OrganiGram Holdings Inc. (OGI) has had a bad 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.
