Organigram Holdings Inc. (TSE:OGI - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$1.86 and last traded at C$1.92, with a volume of 754290 shares. The stock had previously closed at C$2.06.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. ATB Capital lowered their price target on shares of Organigram from C$5.25 to C$3.50 in a research report on Tuesday, December 17th. Canaccord Genuity Group dropped their price target on shares of Organigram from C$3.60 to C$3.15 and set a "speculative buy" rating for the company in a research note on Monday, December 9th.
Check Out Our Latest Stock Analysis on OGI
Organigram Trading Down 5.7 %
The business has a fifty day moving average price of C$2.23 and a two-hundred day moving average price of C$2.31. The company has a current ratio of 3.36, a quick ratio of 2.62 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of C$223.61 million, a PE ratio of -3.83, a PEG ratio of 0.42 and a beta of 1.13.
Organigram Company Profile
(
Get Free Report)
Organigram Inc is a Canadian licensed producer of cannabis products. Organigram focuses on producing exceptional, indoor-grown cannabis for patients and adult recreational consumers, as well as developing global business partnerships.
Recommended Stories
Before you consider Organigram, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Organigram wasn't on the list.
While Organigram currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
