Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. OrganiGram Holdings Inc’s current trading price is -42.78% away from its 52-week high, while its distance from the 52-week low is 27.10%. The stock’s price range during this period has varied between $1.31 and $2.91. The company, active in the Healthcare sector, saw a trading volume of around 1.48 million for the day, considerably higher average daily volume of 0.69 million observed over the last three months.
OrganiGram Holdings Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $2.91 on 03/26/24, and the lowest price during the same period was recorded at $1.31 on 08/05/24.
How Financial Performance Impacts Market Capitalization
OrganiGram Holdings Inc (OGI) has experienced a quarterly decline of -3.76% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 210.06M and boasts a workforce of 898 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6409, with a change in price of -0.1950. Similarly, OrganiGram Holdings Inc recorded 571,450 in trading volume during the last 100 days, posting a change of -10.48%.
How OGI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for OGI stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
OGI Stock Stochastic Average
As of today, the raw stochastic average of OrganiGram Holdings Inc over the past 50 days is 69.96%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 81.03%. Additionally, the Stochastic %K and %D values for the company were 36.81% and 19.36%, respectively, over the past 20 days.
OGI Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 3.42%.However, over the last six months, we can see a weaker performance of 16.43%. Over the last 30 days, the price of OGI has leaped by -0.89%. And in the last five days, it has surged by 11.00%.
