The price of Organigram Holdings Inc. (NASDAQ: OGI) closed at $0.45 in the last session, down -10.05% from day before closing price of $0.50. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 3978625 shares were traded. OGI stock price reached its highest trading level at $0.5010 during the session, while it also had its lowest trading level at $0.4323.
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Ratios:
We take a closer look at OGI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.70 and its Current Ratio is at 6.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OGI now has a Market Capitalization of 186.59M and an Enterprise Value of 133.05M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 0.80 whereas that against EBITDA is 8.53.
Stock Price History:
Over the past 52 weeks, OGI has reached a high of $1.27, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 0.5595, while the 200-Day Moving Average is calculated to be 0.8373.
Shares Statistics:
According to the various share statistics, OGI traded on average about 861.02K shares per day over the past 3-months and 1.41M shares per day over the past 10 days. A total of 311.96M shares are outstanding, with a floating share count of 255.27M. Insiders hold about 19.49% of the company’s shares, while institutions hold 10.81% stake in the company. Shares short for OGI as of Apr 27, 2023 were 8.75M with a Short Ratio of 8.75M, compared to 6.43M on Mar 30, 2023.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0 and a low estimate of -$0.01, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.01, with high estimates of -$0.01 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.13 and -$0.04 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.07, with 5 analysts recommending between -$0.01 and -$0.17.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $31.26M. It ranges from a high estimate of $35.01M to a low estimate of $29.2M. As of the current estimate, Organigram Holdings Inc.’s year-ago sales were $28.59M, an estimated increase of 9.40% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $33.68M, a decrease of -1.50% less than the figure of $9.40% in the same quarter last year. There is a high estimate of $41.84M for the next quarter, whereas the lowest estimate is $29.72M.
A total of 9 analysts have provided revenue estimates for OGI’s current fiscal year. The highest revenue estimate was $138.17M, while the lowest revenue estimate was $120.25M, resulting in an average revenue estimate of $126.49M. In the same quarter a year ago, actual revenue was $109.59M, up 15.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $145.87M in the next fiscal year. The high estimate is $174.61M and the low estimate is $132.08M. The average revenue growth estimate for next year is up 15.30% from the average revenue estimate for this year.
