Sunday, March 7, 2021

OrganiGram Holdings Inc. [OGI] is 148.12% higher this YTD. Is it still time to buy?

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OrganiGram Holdings Inc. [NASDAQ: OGI] gained 41.03% on the last trading session, reaching $3.30 price per share at the time. The company report on February 3, 2021 that Maire Tecnimont Group And SOCAR Sign Two EPC Contracts For New Generation Refining Units For An Overall Value Of USD 160 Million.

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– Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont S.p.A. and KT – Kinetics Technology S.p.A., have signed with SOCAR’s subsidiary Heydar Aliyev Oil Refinery two Engineering, Procurement and Construction contracts, as part of the Modernization and Reconstruction of Heydar Aliyev Oil Refinery in Baku, Azerbaijan. SOCAR is the State Oil Company of Azerbaijan Republic.


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The overall contracts’ value equals to approximately USD 160 million.

OrganiGram Holdings Inc. represents 232.16 million in outstanding shares, while the company has a total market value of $766.13 million with the latest information. OGI stock price has been found in the range of $2.48 to $3.37.

If compared to the average trading volume of 13.37M shares, OGI reached a trading volume of 55708815 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about OrganiGram Holdings Inc. [OGI]:

Canaccord Genuity have made an estimate for OrganiGram Holdings Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 13, 2021. The new note on the price target was released on January 13, 2021, representing the official price target for OrganiGram Holdings Inc. stock.

The Average True Range (ATR) for OrganiGram Holdings Inc. is set at 0.27

Trading performance analysis for OGI stock

OrganiGram Holdings Inc. [OGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 81.32. With this latest performance, OGI shares gained by 92.98% in over the last four-week period, additionally plugging by 159.84% over the last 6 months – not to mention a rise of 45.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OGI stock in for the last two-week period is set at 84.08, with the RSI for the last a single of trading hit 87.94, and the three-weeks RSI is set at 80.65 for OrganiGram Holdings Inc. [OGI]. The present Moving Average for the last 50 days of trading for this stock 1.63, while it was recorded at 2.47 for the last single week of trading, and 1.46 for the last 200 days.

OrganiGram Holdings Inc. [OGI]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and OrganiGram Holdings Inc. [OGI] shares currently have an operating margin of -207.06 and a Gross Margin at -152.05. OrganiGram Holdings Inc.’s Net Margin is presently recorded at -156.87.

Return on Total Capital for OGI is now -45.21, given the latest momentum, and Return on Invested Capital for the company is -34.96. Return on Equity for this stock declined to -43.46, with Return on Assets sitting at -31.53. When it comes to the capital structure of this company, OrganiGram Holdings Inc. [OGI] has a Total Debt to Total Equity ratio set at 39.72. Additionally, OGI Total Debt to Total Capital is recorded at 28.43, with Total Debt to Total Assets ending up at 27.34. Long-Term Debt to Equity for the company is recorded at 35.49, with the Long-Term Debt to Total Capital now at 25.40.

Reflecting on the efficiency of the workforce at the company, OrganiGram Holdings Inc. [OGI] managed to generate an average of -$231,560 per employee. Receivables Turnover for the company is 5.04 with a Total Asset Turnover recorded at a value of 0.20.

An analysis of insider ownership at OrganiGram Holdings Inc. [OGI]

There are presently around $83 million, or 15.30% of OGI stock, in the hands of institutional investors. The top three institutional holders of OGI stocks are: ETF MANAGERS GROUP, LLC with ownership of 19,011,805, which is approximately 57.392% of the company’s market cap and around 0.11% of the total institutional ownership; MILLENNIUM MANAGEMENT LLC, holding 1,529,087 shares of the stock with an approximate value of $5.05 million in OGI stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $2.17 million in OGI stock with ownership of nearly 138.185% of the company’s market capitalization.

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Positions in OrganiGram Holdings Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 37 institutional holders increased their position in OrganiGram Holdings Inc. [NASDAQ:OGI] by around 7,987,794 shares. Additionally, 33 investors decreased positions by around 1,176,876 shares, while 39 investors held positions by with 15,838,771 shares. The mentioned changes placed institutional holdings at 25,003,441 shares, according to the latest SEC report filing. OGI stock had 15 new institutional investments in for a total of 393,365 shares, while 12 institutional investors sold positions of 126,318 shares during the same period.

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