NASDAQ:OGIOrganiGram Stock Price, Forecast & News

OrganiGram's stock was trading at $1.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, OGI shares have decreased by 4.1% and is now trading at $1.65. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OrganiGram in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for OrganiGram.

OrganiGram is scheduled to release its next quarterly earnings announcement on Monday, July 20th 2020. View our earnings forecast for OrganiGram.

OrganiGram Holdings Inc (NASDAQ:OGI) announced its quarterly earnings data on Tuesday, April, 14th. The company reported ($0.02) EPS for the quarter, missing the Zacks' consensus estimate of ($0.01) by $0.01. The company earned $27.30 million during the quarter, compared to the consensus estimate of $25.07 million. OrganiGram had a negative net margin of 45.14% and a negative return on equity of 5.33%. The business's revenue was down 18.3% on a year-over-year basis. View OrganiGram's earnings history.

12 analysts have issued 1-year price objectives for OrganiGram's shares. Their forecasts range from $1.72 to $12.00. On average, they expect OrganiGram's stock price to reach $6.46 in the next twelve months. This suggests a possible upside of 291.6% from the stock's current price. View analysts' price targets for OrganiGram.

Press coverage about OGI stock has been trending very positive recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. OrganiGram earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View the latest news aboutOrganiGram.

OrganiGram saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,120,000 shares, an increase of 33.5% from the April 15th total of 9,080,000 shares. Based on an average trading volume of 3,748,600 shares, the days-to-cover ratio is presently 3.2 days. Currently, 7.1% of the shares of the stock are short sold. View OrganiGram's Current Options Chain.

Some companies that are related to OrganiGram include Arcturus Therapeutics (ARCT), Myovant Sciences (MYOV), I-Mab (ARQT), Enanta Pharmaceuticals (ENTA), Aimmune Therapeutics (AIMT), Rocket Pharmaceuticals (RCKT), Applied Therapeutics (APLT), Phibro Animal Health (PAHC), Odonate Therapeutics (ODT), BioXcel Therapeutics (BTAI), Stoke Therapeutics (STOK), NextCure (NXTC), Athenex (ATNX), ImmunoGen (IMGN) and Rhythm Pharmaceuticals (RYTM). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other OrganiGram investors own include Canopy Growth (CGC), Aurora Cannabis (ACB), Cronos Group (CRON), KushCo (KSHB), Aphria (APHA), Auxly Cannabis Group (CBWTF), Charlotte's Web (CWBHF), Innovative Industrial Properties (IIPR), NVIDIA (NVDA) and Alibaba Group (BABA).

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

OrganiGram's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ETF Managers Group LLC (6.72%), AdvisorShares Investments LLC (0.48%), Intact Investment Management Inc. (0.34%), CIBC World Markets Inc. (0.10%), Morgan Stanley (0.09%) and Jane Street Group LLC (0.08%).

OGI stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, CIBC World Markets Inc., Toronto Dominion Bank, Creative Planning, and Raymond James & Associates.

OGI stock was acquired by a variety of institutional investors in the last quarter, including ETF Managers Group LLC, Intact Investment Management Inc., Jane Street Group LLC, AdvisorShares Investments LLC, Advisor Group Holdings Inc., Sigma Planning Corp, Mission Wealth Management LP, and Mission Wealth Management LP.

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

One share of OGI stock can currently be purchased for approximately $1.65.

OrganiGram has a market capitalization of $289.91 million and generates $61.27 million in revenue each year. The company earns $-7,200,000.00 in net income (profit) each year or $0.06 on an earnings per share basis. OrganiGram employs 615 workers across the globe.

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

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