OrganiGram Holdings Inc. [OGI] is -1.14% lower this YTD. Is it still time to buy?


OrganiGram Holdings Inc. [NASDAQ: OGI] traded at a high on 01/10/22, posting a 6.79 gain after which it closed the day’ session at $1.73. The company report on January 5, 2022 that Organigram to Report First Quarter Fiscal 2022 Results on January 11, 2022.

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (together, the “Company” or “Organigram”), a leading licensed producer of cannabis, announced today it will report earnings results for its first quarter fiscal 2022 ended November 30, 2021 on Tuesday, January 11, 2022 before market open.

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The Company will host a conference call to discuss its results with details as follows:.

The results of the trading session contributed to over 9842648 shares changing hands. Over the past one week, the price volatility of OrganiGram Holdings Inc. stands at 7.12% while the volatility over the past one month is 6.40%.

The market cap for OGI stock reached $655.79 million, with 299.24 million shares outstanding and 239.89 million shares in the current float. Compared to the average trading volume of 7.42M shares, OGI reached a trading volume of 9842648 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about OrganiGram Holdings Inc. [OGI]?

CIBC have made an estimate for OrganiGram Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 11, 2021. The new note on the price target was released on April 14, 2021, representing the official price target for OrganiGram Holdings Inc. stock.

The Average True Range (ATR) for OrganiGram Holdings Inc. is set at 0.12, with the Price to Sales ratio for OGI stock in the period of the last 12 months amounting to 8.28. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.48.

How has OGI stock performed recently?

OrganiGram Holdings Inc. [OGI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.46. With this latest performance, OGI shares dropped by -14.78% in over the last four-week period, additionally sinking by -41.16% over the last 6 months – not to mention a drop of -2.26% 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 43.25, with the RSI for the last a single of trading hit 44.89, and the three-weeks RSI is set at 42.90 for OrganiGram Holdings Inc. [OGI]. The present Moving Average for the last 50 days of trading for this stock 2.0061, while it was recorded at 1.6620 for the last single week of trading, and 2.4969 for the last 200 days.

OrganiGram Holdings Inc. [OGI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and OrganiGram Holdings Inc. [OGI] shares currently have an operating margin of -142.38 and a Gross Margin at -79.25. OrganiGram Holdings Inc.’s Net Margin is presently recorded at -165.11.

Return on Equity for this stock declined to -33.54, with Return on Assets sitting at -26.43.

OrganiGram Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.10 and a Current Ratio set at 9.90.

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Insider trade positions for OrganiGram Holdings Inc. [OGI]

There are presently around $76 million, or 14.89% 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 26,338,475, which is approximately 11.704% of the company’s market cap and around 19.63% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 4,857,318 shares of the stock with an approximate value of $8.4 million in OGI stocks shares; and D. E. SHAW & CO., INC., currently with $1.93 million in OGI stock with ownership of nearly 203.933% of the company’s market capitalization.

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 41 institutional holders increased their position in OrganiGram Holdings Inc. [NASDAQ:OGI] by around 7,439,261 shares. Additionally, 55 investors decreased positions by around 4,799,328 shares, while 54 investors held positions by with 31,523,654 shares. The mentioned changes placed institutional holdings at 43,762,243 shares, according to the latest SEC report filing. OGI stock had 11 new institutional investments in for a total of 943,119 shares, while 23 institutional investors sold positions of 1,277,324 shares during the same period.