NASDAQ:OGI

Organigram - OGI Stock Forecast, Price & News

$0.91

0.00 (-0.29%)

(As of 02/1/2023 10:32 AM ET)

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Today's Range: $0.90
▼
$0.92
50-Day Range: $0.70
▼
$1.19
52-Week Range: $0.70
▼
$1.87

Volume: 153,608 shs
Average Volume: 1.29 million shs
Market Capitalization: $284.48 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.67

Institutional Ownership

Organigram MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 83.4% Upside
$1.67 Price Target
Short Interest: Healthy
1.97% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.40
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.05) to ($0.03) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Medical Sector

468th out of 1,053 stocks

Pharmaceutical Preparations Industry

233rd out of 519 stocks

3.5

Analyst's Opinion

Consensus Rating
Organigram has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.67, Organigram has a forecasted upside of 83.4% from its current price of $0.91.
Amount of Analyst Coverage
Organigram has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.97% of the outstanding shares of Organigram have been sold short.
Short Interest Ratio / Days to Cover
Organigram has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in Organigram has recently decreased by 16.96%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Organigram does not currently pay a dividend.
Dividend Growth
Organigram does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for OGI.

2.4

News and Social Media Coverage

News Sentiment
Organigram has a news sentiment score of 0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Organigram this week, compared to 1 article on an average week.
Search Interest
17 people have searched for OGI on MarketBeat in the last 30 days. This is an increase of 42% compared to the previous 30 days.
MarketBeat Follows
Only 12 people have added Organigram to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Organigram insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.09% of the stock of Organigram is held by insiders.
Percentage Held by Institutions
Only 10.98% of the stock of Organigram is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Organigram are expected to grow in the coming year, from ($0.05) to ($0.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Organigram is -30.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Organigram is -30.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Organigram has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Organigram (NASDAQ:OGI) Stock

Organigram Holdings Inc., through its subsidiaries, engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, gummies, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the SHRED, Big Bag O' Buds, Monjour, SHRED'ems, Edison Cannabis Co., Edison JOLTS, Tremblant, and Laurentian 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 incorporated in 2010 and is headquartered in Toronto, Canada.

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OGI Stock News Headlines

January 4, 2023 | marketbeat.com

MarketBeat: Week in Review 11/28 – 12/02 (OGI)

Investors continue to monitor the Federal Reserve, but the MarketBeat team helps you look past the headlines. Here are the stories moving the market this week

January 30, 2023 | reuters.com

OGI.TO - | Stock Price & Latest News | Reuters

February 1, 2023 | Investor Place Media (Ad)

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January 30, 2023 | americanbankingnews.com

Organigram Holdings Inc. (NASDAQ:OGI) Sees Significant Decrease in Short Interest

January 26, 2023 | finance.yahoo.com

Organigram Provides NASDAQ Listing Update

January 13, 2023 | benzinga.com

What Holds Value For Canadian Cannabis Company Organigram? Analyst Opines

January 12, 2023 | finance.yahoo.com

OrganiGram (OGI) Reports Q1 Loss, Misses Revenue Estimates

January 12, 2023 | finance.yahoo.com

Organigram Reports Record First Quarter Fiscal 2023 Results

February 1, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

January 3, 2023 | finance.yahoo.com

OrganiGram (OGI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

December 16, 2022 | finance.yahoo.com

Organigram Holdings Inc. (NASDAQ:OGI) Q4 2022 Earnings Call Transcript

December 9, 2022 | ca.finance.yahoo.com

Stocks in play: Organigram Holdings Inc.

November 28, 2022 | finance.yahoo.com

Organigram Reports Record Fourth Quarter and Full Year Fiscal 2022 Results

November 23, 2022 | finance.yahoo.com

Organigram Launches HOLY MOUNTAIN to Further Support Its Strong Position in the Dried Flower and Hash Categories

October 16, 2022 | finance.yahoo.com

The past three years for OrganiGram Holdings (TSE:OGI) investors has not been profitable

October 13, 2022 | fool.com

2 Pot Stocks That Could Set You Up for Life - The Motley Fool

October 12, 2022 | nasdaq.com

Tilray Brands Stock Could Grow by 20 Times by 2030 - Nasdaq

October 6, 2022 | fool.com

Why Pot Stocks Like Canopy Growth and Organigram Surged Higher Today - The Motley Fool

September 15, 2022 | fool.com

1 Surprising Stat That Could Help Jump-Start This Struggling Sector - The Motley Fool

September 14, 2022 | benzinga.com

OrganiGram Holdings (NASDAQ:OGI), HEXO (NASDAQ:HEXO) – Want Exposure To The Canadian Recreational Cannabi - Benzinga

September 14, 2022 | seekingalpha.com

New congressional bill aims to empower small cannabis growers (NASDAQ:TLRY) - Seeking Alpha

September 8, 2022 | marketwatch.com

Quebec and Alberta provinces reportedly won't allow sales of Mike Tyson's cannabis by Hexo - MarketWatch

September 1, 2022 | fool.com

Why Pot Stocks Are Going Up In Smoke Today - The Motley Fool

August 31, 2022 | streetinsider.com

Canadian Cannabis Stocks To Watch In September - StreetInsider.com

August 18, 2022 | nasdaq.com

Organigram Holdings Inc. Common Shares (OGI)

July 27, 2022 | streetinsider.com

Top Canadian Cannabis Stocks To Watch Before August - StreetInsider.com

July 14, 2022 | fool.com

Here's What Moved Sundial Growers, Organigram, and Canopy Growth Stocks Today - The Motley Fool

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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OGI Company Calendar

Last Earnings: 11/28/2022
Today: 2/01/2023
Next Earnings (Estimated): 4/11/2023
Fiscal Year End: 8/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:OGI
CUSIP: N/A
CIK: 1620737
Web: www.organigram.ca
Phone: (844) 644-4726
Fax: N/A
Employees: 841
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $1.67
High Stock Price Forecast: $2.00
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +83.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.03)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-11,230,000.00
Net Margins: -4.97%
Pretax Margin: -5.41%
Return on Equity: -6.00%
Return on Assets: -5.30%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.71
Quick Ratio: 2.84

Sales & Book Value

Annual Sales: $111.27 million
Price / Sales: 2.56
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.22 per share
Price / Book: 0.74

Miscellaneous

Outstanding Shares: 313,860,000
Free Float: 313,575,000
Market Cap: $284.48 million
Optionable: Not Optionable
Beta: 0.82

Key Executives

Mr. Derrick W. West CPA (Age 56)
CPA, (CA), Chief Financial Officer
Comp: $233.17k

Ms. Helen Martin (Age 45)
Chief Legal Officer & Corp. Sec.
Comp: $218.39k

Mr. Gregory Engel (Age 58)
Special Advisor
Comp: $436.86k

Mr. Timothy Emberg
Chief Revenue Officer

Mr. Paolo De Luca C.A. (Age 50)
C.F.A, Chief Strategy Officer
Comp: $230.09k

Ms. Beena G. Goldenberg (Age 60)
CEO & Director

Ms. Nathalie Batten
VP of Operations

Mr. Geoff Riggs
Chief Information Officer

Amy Schwalm
VP of Investor Relations

Ms. Megan Amber McCrae
Sr. VP of Marketing & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions

OGI Stock - Frequently Asked Questions

Should I buy or sell Organigram stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Organigram in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OGI shares.
View OGI analyst ratings or view top-rated stocks.
What is Organigram's stock price forecast for 2023?: 2 Wall Street analysts have issued twelve-month target prices for Organigram's stock. Their OGI share price forecasts range from $1.50 to $2.00. On average, they expect the company's stock price to reach $1.67 in the next year. This suggests a possible upside of 83.4% from the stock's current price.
View analysts price targets for OGI or view top-rated stocks among Wall Street analysts.
How have OGI shares performed in 2023?: Organigram's stock was trading at $0.80 at the start of the year. Since then, OGI stock has increased by 13.6% and is now trading at $0.9090.
View the best growth stocks for 2023 here.
Are investors shorting Organigram?: Organigram saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 6,170,000 shares, a decline of 17.0% from the December 31st total of 7,430,000 shares. Based on an average trading volume of 1,270,000 shares, the days-to-cover ratio is presently 4.9 days.
View Organigram's Short Interest.
When is Organigram's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 11th 2023.
View our OGI earnings forecast.
How were Organigram's earnings last quarter?: Organigram Holdings Inc. (NASDAQ:OGI) released its earnings results on Monday, November, 28th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The business earned $34.71 million during the quarter, compared to analyst estimates of $32.81 million. Organigram had a negative trailing twelve-month return on equity of 6.00% and a negative net margin of 4.97%.

What other stocks do shareholders of Organigram own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Organigram investors own include KushCo (KSHB), Auxly Cannabis Group (CBWTF), Supreme Cannabis (SPRWF), Medical Marijuana (MJNA), CNBX Pharmaceuticals (CNBX), MariMed (MRMD), Aurora Cannabis (ACB), EVIO (EVIO) and Gran Tierra Energy (GTE).
What is Organigram's stock symbol?: Organigram trades on the NASDAQ under the ticker symbol "OGI."
Who are Organigram's major shareholders?: Organigram's stock is owned by a variety of institutional and retail investors. Top institutional investors include Concourse Financial Group Securities Inc. (0.00%).
How do I buy shares of Organigram?: Shares of OGI stock 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.
Compare Top Brokerages Here.
What is Organigram's stock price today?: One share of OGI stock can currently be purchased for approximately $0.91.
How much money does Organigram make?: Organigram (NASDAQ:OGI) has a market capitalization of $285.30 million and generates $111.27 million in revenue each year. The company earns $-11,230,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis.
How many employees does Organigram have?: The company employs 841 workers across the globe.
How can I contact Organigram?: Organigram's mailing address is 35 English Dr., Moncton Z4, E1E 3X3. The official website for the company is www.organigram.ca. The company can be reached via phone at (844) 644-4726.

This page (NASDAQ:OGI) was last updated on 2/1/2023 by MarketBeat.com Staff

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Organigram - OGI Stock Forecast, Price & News

Organigram MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Organigram (NASDAQ:OGI) Stock

OGI Stock News Headlines

OGI Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

OGI Stock - Frequently Asked Questions

Overall MarketRank^™