OrganiGram Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for OrganiGram in the last year. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" OrganiGram stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OGI, but not buy additional shares or sell existing shares.
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Wall Street analysts have given OrganiGram a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but OrganiGram wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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OrganiGram saw a drop in short interest in May. As of May 28th, there was short interest totaling 11,890,000 shares, a drop of 13.6% from the May 13th total of 13,760,000 shares. Based on an average daily volume of 11,930,000 shares, the days-to-cover ratio is presently 1.0 days.
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OrganiGram is scheduled to release its next quarterly earnings announcement on Tuesday, July 20th 2021.
View our earnings forecast for OrganiGram.

OrganiGram Holdings Inc. (NASDAQ:OGI) released its earnings results on Monday, April, 12th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by $0.26. The business earned $11.49 million during the quarter, compared to analysts' expectations of $15.70 million. OrganiGram had a negative trailing twelve-month return on equity of 19.11% and a negative net margin of 315.91%.
View OrganiGram's earnings history.

OrganiGram's stock was trading at $1.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, OGI shares have increased by 69.2% and is now trading at $2.91.
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11 brokerages have issued 12-month target prices for OrganiGram's shares. Their forecasts range from $3.50 to $6.00. On average, they expect OrganiGram's stock price to reach $4.47 in the next twelve months. This suggests a possible upside of 53.7% from the stock's current price.
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Some companies that are related to OrganiGram include Sage Therapeutics (SAGE), Emergent BioSolutions (EBS), Cassava Sciences (SAVA), PTC Therapeutics (PTCT), Nektar Therapeutics (NKTR), Insmed (INSM), Taro Pharmaceutical Industries (TARO), Dicerna Pharmaceuticals (DRNA), Cryoport (CYRX), Rocket Pharmaceuticals (RCKT), IGM Biosciences (IGMS), Amicus Therapeutics (FOLD), Pacira BioSciences (PCRX), Corcept Therapeutics (CORT) and Prestige Consumer Healthcare (PBH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other OrganiGram investors own include KushCo (KSHB), (CGC), Auxly Cannabis Group (CBWTF), The Supreme Cannabis (SPRWF), Medical Marijuana (MJNA), Cannabics Pharmaceuticals (CNBX), MariMed (MRMD), Aurora Cannabis (ACB), EVIO (EVIO) and Gran Tierra Energy (GTE).

OrganiGram trades on the NASDAQ under the ticker symbol "OGI."

OrganiGram's stock is owned by many different institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (1.35%), Millennium Management LLC (1.13%), Penserra Capital Management LLC (0.42%), TD Asset Management Inc. (0.27%), Bank of Montreal Can (0.19%) and Swiss National Bank (0.18%).

OGI stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Renaissance Technologies LLC, Scotia Capital Inc., Sigma Planning Corp, Walleye Capital LLC, and Creative Planning.

OGI stock was bought by a variety of institutional investors in the last quarter, including Mirae Asset Global Investments Co. Ltd., TD Asset Management Inc., Penserra Capital Management LLC, Bank of Montreal Can, Morgan Stanley, HRT Financial LP, Squarepoint Ops LLC, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

Shares of OGI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OGI stock can currently be purchased for approximately $2.91.

OrganiGram has a market capitalization of $867.87 million and generates $64.61 million in revenue each year. The company earns $-101,290,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis.

OrganiGram employs 619 workers across the globe.

The official website for OrganiGram is www.organigram.ca.

OrganiGram is headquartered at 35 English Dr., Moncton Z4, E1E 3X3.

OrganiGram's mailing address is 35 English Dr., Moncton Z4, E1E 3X3. The company can be reached via phone at 1-855-961-9420.