TSE:OGI

Organigram (OGI) Stock Forecast, Price & News

C$1.80

+0.03 (+1.69%)

(As of 09/29/2023 08:55 PM ET)

Compare

Today's Range: C$1.76
▼
C$1.80
50-Day Range: C$1.77
▼
C$2.53
52-Week Range: C$1.70
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C$6.84

Volume: 61,435 shs
Average Volume: 119,600 shs
Market Capitalization: C$144.90 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$3.36

Profile Analyst Ratings Chart Competitors Earnings Headlines Options Chain Social Media

Organigram MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 86.5% Upside
C$3.36 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.19 out of 5 stars

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 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$3.36, Organigram has a forecasted upside of 86.5% from its current price of C$1.80.
Amount of Analyst Coverage
Organigram has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for OGI.

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 0.38. 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 0.69 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 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 143% compared to the previous 30 days.

0.8

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
19.01% of the stock of Organigram is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 9.82% of the stock of Organigram is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Organigram is -0.75, 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 -0.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Organigram has a PEG Ratio of 0.42. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Organigram has a P/B Ratio of 0.48. 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 (TSE: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.

OGI Price History

30 days | 90 days | 365 days | Advanced Chart

OGI Stock News Headlines

September 30, 2023 | msn.com

Organigram Holdings: Earnings Growth Set To Continue

September 25, 2023 | theglobeandmail.com

Legal cannabis labels inflate THC potency contained in products, executives say

October 2, 2023 | Chaikin Analytics (Ad)

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September 15, 2023 | finance.yahoo.com

Digicann Ventures Announces Receipt of Last Portion of Final Earnout Milestone Payment

September 1, 2023 | finance.yahoo.com

Organigram Announces Resignation of Board Member

August 28, 2023 | finance.yahoo.com

Organigram Launches First Range of THCV Products Derived from Moncton-Grown Whole Flower

July 14, 2023 | seekingalpha.com

Organigram Holdings reports Q3 results; initiates Q4 soft guidance

July 13, 2023 | finance.yahoo.com

Organigram Reports Third Quarter Fiscal 2023 Results

October 2, 2023 | Behind the Markets (Ad)

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July 12, 2023 | msn.com

Earnings Outlook For OrganiGram Holdings

July 5, 2023 | finance.yahoo.com

Will Organigram Holdings (TSE:OGI) Spend Its Cash Wisely?

June 24, 2023 | fool.com

Organigram (TSX: OGI)

June 8, 2023 | finance.yahoo.com

The Price Is Right For Organigram Holdings Inc. (TSE:OGI)

May 25, 2023 | uk.finance.yahoo.com

OGI - Organigram Holdings Inc.

May 23, 2023 | msn.com

Organigram To Enter German Cannabis Market Via Sanity Group

May 23, 2023 | finance.yahoo.com

Agra Ventures Announces Receipt of Earnout Milestone Payment

May 23, 2023 | finance.yahoo.com

Organigram to Enter German Market Supplying Sanity Group

May 15, 2023 | msn.com

Organigram Is The Best Cannabis Stock

May 10, 2023 | msn.com

Organigram Is Almost There

April 22, 2023 | theglobeandmail.com

Closing Bell: Organigram Holdings Inc flat on Friday (OGI)

April 19, 2023 | theglobeandmail.com

Closing Bell: Organigram Holdings Inc up on Wednesday (OGI)

April 14, 2023 | theglobeandmail.com

Closing Bell: Organigram Holdings Inc down on Friday (OGI)

April 12, 2023 | theglobeandmail.com

Closing Bell: Organigram Holdings Inc down on Wednesday (OGI)

April 12, 2023 | finance.yahoo.com

Why Organigram Holdings Stock Is Plummeting Today

April 12, 2023 | msn.com

Why Organigram Shares Are Crashing Today

April 12, 2023 | markets.businessinsider.com

Haywood Remains a Hold on OrganiGram Holdings (OGI)

April 12, 2023 | msn.com

Earnings Preview For OrganiGram Holdings

See More Headlines

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OGI Company Calendar

Last Earnings: 7/13/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/27/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Drug Manufacturers—Specialty & Generic
Sub-Industry: Cannabis
Sector: Medical
Current Symbol: TSE:OGI
CUSIP: N/A
CIK: N/A
Web: www.organigram.ca
Phone: 844-644-4726
Fax: N/A
Employees: 923
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$3.36
High Stock Price Forecast: C$6.50
Low Stock Price Forecast: C$1.50
Forecasted Upside/Downside: +86.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($2.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 31.78
P/E Growth: 0.42
Net Income: C$-221,750,000.00
Net Margins: -137.67%
Pretax Margin: N/A
Return on Equity: -54.53%
Return on Assets: -5.56%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 4.54
Quick Ratio: 2.62

Sales & Book Value

Annual Sales: C$161.08 million
Price / Sales: 0.90
Cash Flow: C$0.47 per share
Price / Cash Flow: 3.85
Book Value: C$3.75 per share
Price / Book: 0.48

Miscellaneous

Outstanding Shares: 80,500,000
Free Float: N/A
Market Cap: C$144.90 million
Optionable: Optionable
Beta: 1.37

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Key Executives

Ms. Beena G. Goldenberg (Age 60)
CEO & Director
Comp: $585.53k

Mr. Derrick W. West CPA (Age 56)
CPA, (CA), Chief Financial Officer
Comp: $403.86k

Ms. Helen Martin (Age 45)
Chief Legal Officer & Corp. Sec.
Comp: $390.53k

Mr. Timothy Emberg
Chief Commercial Officer

Mr. Paolo De Luca C.A. (Age 50)
C.F.A, Chief Strategy Officer
Comp: $395.52k

Ms. Nathalie Batten
VP of Operations

Mr. Geoff Riggs
Chief Information Officer

Max Schwartz
Director of Investor Relations

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

Ms. Katrina May McFadden
Chief People Officer

Key Competitors

View All Competitors

OGI Stock - Frequently Asked Questions

Should I buy or sell Organigram stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Organigram in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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?: 1 brokers have issued 1 year price targets for Organigram's stock. Their OGI share price forecasts range from C$1.50 to C$6.50. On average, they predict the company's share price to reach C$3.36 in the next year. This suggests a possible upside of 86.5% 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 C$1.10 at the beginning of the year. Since then, OGI stock has increased by 63.6% and is now trading at C$1.80.
View the best growth stocks for 2023 here.
When is Organigram's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 27th 2023.
View our OGI earnings forecast.
How were Organigram's earnings last quarter?: Organigram Holdings Inc. (TSE:OGI) released its quarterly earnings data on Thursday, July, 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.12. The company earned $32.79 million during the quarter, compared to the consensus estimate of $42.89 million. Organigram had a negative trailing twelve-month return on equity of 54.53% and a negative net margin of 137.67%.
What other stocks do shareholders of Organigram own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Organigram investors own include Aurora Cannabis (ACB), Innovative Industrial Properties (IIPR), Aurora Cannabis (ACB), Canopy Growth (WEED), Aphria (APHA), Aurora Cannabis (ACBFF), Green Organic Dutchman (TGOD), Charlotte's Web (CWBHF) and CannTrust (CTST).

What is Organigram's stock symbol?: Organigram trades on the Toronto Stock Exchange (TSX) under the ticker symbol "OGI."
How do I buy shares of Organigram?: Shares of OGI stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Organigram's stock price today?: One share of OGI stock can currently be purchased for approximately C$1.80.
How much money does Organigram make?: Organigram (TSE:OGI) has a market capitalization of C$144.90 million and generates C$161.08 million in revenue each year. The company earns C$-221,750,000.00 in net income (profit) each year or C($2.39) on an earnings per share basis.
How many employees does Organigram have?: The company employs 923 workers across the globe.
How can I contact Organigram?: Organigram's mailing address is 333 Bay Street, Suite 1250, Toronto, ON M5H 2R2, Canada, . The official website for the company is www.organigram.ca. The company can be reached via phone at 844-644-4726.

This page (TSE:OGI) was last updated on 10/2/2023 by MarketBeat.com Staff

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Organigram (OGI) Stock Forecast, Price & News

Organigram MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

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

Company Ownership

Earnings and Valuation

About Organigram (TSE:OGI) Stock

OGI Price History

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

OGI Stock - Frequently Asked Questions

Overall MarketRank^™