In yesterday’s Wall Street session, Organigram Holdings Inc. (NASDAQ:OGI) shares traded at $1.01, down -12.17% from the previous session.
OGI stock price is now 4.76% away from the 50-day moving average and -13.36% away from the 200-day moving average. The market capitalization of the company currently stands at $388.89M.
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, while ‘BMO Capital Markets’ rates the stock as ‘Market Perform’.
A total of 18.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OGI stock. A new stake in Organigram Holdings Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $44,000. SIMPLEX TRADING, LLC invested $19,000 in shares of OGI during the first quarter. In the first quarter, MARINER, LLC acquired a new stake in Organigram Holdings Inc. valued at approximately $11,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in OGI for approximately $11,000. AMERITAS ADVISORY SERVICES, LLC purchased a new stake in OGI valued at around $11,000 in the second quarter. In total, there are 167 active investors with 13.09% ownership of the company’s stock.
Tuesday morning saw Organigram Holdings Inc. (NASDAQ: OGI) opened at $1.1400. During the past 12 months, Organigram Holdings Inc. has had a low of $0.84 and a high of $2.13. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 4.00, and a quick ratio of 2.80. The fifty day moving average price for OGI is $0.9641 and a two-hundred day moving average price translates $1.1657 for the stock.
The latest earnings results from Organigram Holdings Inc. (NASDAQ: OGI) was released for May, 2022. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.01 by -0.06. This compares to -$0.03 EPS in the same period last year. The net profit margin was -9.80% and return on equity was -2.80% for OGI. The company reported revenue of $35.42 million for the quarter, compared to $20.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.63 percent. For the current quarter, analysts expect OGI to generate $32.61M in revenue.
Organigram Holdings Inc.(OGI) Company Profile
Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the Edison Cannabis Co., Trail Blazer, SHRED, SHRED’ems, Big Bag O’ Buds, and Monjour brands; and cannabis edibles products and concentrates. The company also engages in the wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis derivative based products to retailers and wholesalers for adult-use recreational cannabis. It sells its products through online, as well as telephone channels. Organigram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.
