OrganiGram Holdings Inc [NASDAQ: OGI] closed the trading session at $1.62.
The stocks have a year to date performance of 0.62 percent and weekly performance of 8.00 percent. The stock has been moved at 13.29 percent over the last six months. The stock has performed -3.57 percent around the most recent 30 days and changed -6.36 percent over the most recent 3-months.
If compared to the average trading volume of 687.53K shares, OGI reached to a volume of 2765725 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about OrganiGram Holdings Inc [OGI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OGI shares is $2.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OGI stock is a recommendation set at 1.40. 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.
Canaccord Genuity have made an estimate for OrganiGram Holdings Inc shares, keeping their opinion on the stock as Speculative Buy, with their previous recommendation back on July 17, 2024. The new note on the price target was released on April 15, 2024, representing the official price target for OrganiGram Holdings Inc stock.
The Average True Range (ATR) for OrganiGram Holdings Inc is set at 0.08, with the Price to Sales ratio for OGI stock in the period of the last 12 months amounting to 1.74. The Price to Book ratio for the last quarter was 0.78, with the Price to Cash per share for the same quarter was set at 0.78. Price to Free Cash Flow for OGI in the course of the last twelve months was 104.81 with Quick ratio for the last quarter at 3.37.
OGI stock trade performance evaluation
OrganiGram Holdings Inc [OGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.00. With this latest performance, OGI shares dropped by -3.57% in over the last four-week period, additionally plugging by 13.29% over the last 6 months – not to mention a drop of -11.48% 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 56.21, with the RSI for the last a single of trading hit 60.36, and the three-weeks RSI is set at 53.76 for OrganiGram Holdings Inc [OGI]. The present Moving Average for the last 50 days of trading for this stock 1.5494, while it was recorded at 1.5260 for the last single week of trading, and 1.6887 for the last 200 days.
OrganiGram Holdings Inc [OGI]: An insightful look at the core fundamentals
OrganiGram Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.37 and a Current Ratio set at 4.92.
OrganiGram Holdings Inc [OGI]: Institutional Ownership
There are presently around $9.71%, or 14.77%% of OGI stock, in the hands of institutional investors.
