Organon & Co [NYSE: OGN] gained 4.74% or 0.85 points to close at $18.78 with a heavy trading volume of 4092472 shares.
The daily chart for OGN points out that the company has recorded -3.69% loss over the past six months.
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If we look at the average trading volume of 1.98M shares, OGN reached to a volume of 4092472 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 Organon & Co [OGN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OGN shares is $22.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OGN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Organon & Co shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 06, 2024. While these analysts kept the previous recommendation, Goldman dropped their target price from $33 to $16. The new note on the price target was released on November 03, 2023, representing the official price target for Organon & Co stock. Previously, the target price had yet another raise to $28, while Barclays analysts kept a Overweight rating on OGN stock.
The Average True Range (ATR) for Organon & Co is set at 0.47, with the Price to Sales ratio for OGN stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 33.58, with the Price to Cash per share for the same quarter was set at 2.73. Price to Free Cash Flow for OGN in the course of the last twelve months was 5.66 with Quick ratio for the last quarter at 1.17.
Trading performance analysis for OGN stock
Organon & Co [OGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.06. With this latest performance, OGN shares gained by 1.08% in over the last four-week period, additionally sinking by -3.69% over the last 6 months – not to mention a rise of 26.98% 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 OGN stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 72.27, and the three-weeks RSI is set at 51.74 for Organon & Co [OGN]. The present Moving Average for the last 50 days of trading for this stock 19.44, while it was recorded at 17.84 for the last single week of trading, and 19.32 for the last 200 days.
Organon & Co [OGN]: A deeper dive into fundamental analysis
Organon & Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.64.
Organon & Co [OGN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Organon & Co posted 0.87/share EPS, while the average EPS was predicted by analysts to be reported at 1.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.19. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OGN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Organon & Co go to 5.49%.
An analysis of Institutional ownership at Organon & Co [OGN]
There are presently around $81.17%, or 81.31%% of OGN stock, in the hands of institutional investors. The top three institutional holders of OGN stocks are: BLACKROCK INC. with ownership of 32.58 million shares, which is approximately 12.7414%. VANGUARD GROUP INC, holding 30.21 million shares of the stock with an approximate value of $$625.41 million in OGN stocks shares; and VANGUARD GROUP INC, currently with $$208.88 million in OGN stock with ownership which is approximately 3.9465%.
