Organigram (OGI) Scheduled to Post Earnings on Tuesday

Organigram (TSE:OGI) is set to release its earnings data before the market opens on Tuesday, August 13th. Analysts expect Organigram to post earnings of C($0.07) per share for the quarter.

Organigram (TSE:OGI) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C($0.16) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.08). The company had revenue of C$37.63 million during the quarter, compared to analysts’ expectations of C$38.20 million. Organigram had a negative return on equity of 54.53% and a negative net margin of 153.80%.

Organigram Stock Performance

Organigram stock opened at C$2.10 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 6.95 and a debt-to-equity ratio of 1.55. The company has a market capitalization of C$216.30 million, a P/E ratio of -0.84, a PEG ratio of 0.42 and a beta of 1.13. The stock’s 50 day moving average is C$2.21 and its 200 day moving average is C$2.53. Organigram has a twelve month low of C$1.35 and a twelve month high of C$3.95.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OGI. Canaccord Genuity Group cut their price target on Organigram from C$3.75 to C$3.25 and set a “speculative buy” rating on the stock in a research note on Wednesday, May 15th. Jefferies Financial Group cut their target price on Organigram from C$4.40 to C$4.35 in a research note on Friday, May 17th.

Insider Buying and Selling

In related news, Senior Officer Paolo De Luca sold 11,899 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$2.61, for a total value of C$31,056.39. 27.16% of the stock is owned by insiders.

About Organigram

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 whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, gummies, and concentrates for medical retailers; adult use recreational cannabis under the SHRED, Holy Mountain, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co, Edison JOLTS, Tremblant, and Laurentian brands.