A correction may be in store for OrganiGram Holdings Inc. (NASDAQ:OGI) shares?

OrganiGram Holdings Inc. (NASDAQ: OGI) closed the day trading at $2.22 down -0.45% from the previous closing price of $2.23. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 890824 shares were traded.

Ratios:

For a better understanding of OGI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 4.28. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

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 208.38M and an Enterprise Value of 177.23M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.10 whereas that against EBITDA is -0.91.

Stock Price History:

Over the past 52 weeks, OGI has reached a high of $2.92, while it has fallen to a 52-week low of $0.97. The 50-Day Moving Average of the stock is 1.9050, while the 200-Day Moving Average is calculated to be 1.5283.

Shares Statistics:

Over the past 3-months, OGI traded about 972.21K shares per day on average, while over the past 10 days, OGI traded about 749.9k shares per day. A total of 81.16M shares are outstanding, with a floating share count of 65.80M. Insiders hold about 30.07% of the company’s shares, while institutions hold 8.07% stake in the company. Shares short for OGI as of Feb 29, 2024 were 4.17M with a Short Ratio of 4.29, compared to 4.01M on Jan 31, 2024.

Earnings Estimates

Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.1, while EPS last year was $0.05. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.

Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0. EPS for the following year is -$0.24, with 3 analysts recommending between -$0.21 and -$0.27.

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