Alliance Global Partners Weighs in on Organigram Q4 Earnings

Organigram Holdings Inc. (TSE:OGI) – Investment analysts at Alliance Global Partners reduced their Q4 2024 earnings per share (EPS) estimates for shares of Organigram in a report released on Monday, December 9th. Alliance Global Partners analyst A. Grey now forecasts that the company will earn ($0.03) per share for the quarter, down from their previous forecast of ($0.02). The consensus estimate for Organigram’s current full-year earnings is $0.16 per share. Alliance Global Partners also issued estimates for Organigram’s Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at ($0.01) EPS, Q4 2025 earnings at ($0.01) EPS and FY2025 earnings at ($0.03) EPS.

Separately, Canaccord Genuity Group reduced their price objective on shares of Organigram from C$3.60 to C$3.15 and set a “speculative buy” rating on the stock in a research note on Monday.

Organigram Stock Performance

Shares of OGI opened at C$2.17 on Wednesday. The company has a quick ratio of 2.62, a current ratio of 6.95 and a debt-to-equity ratio of 1.13. The company has a 50-day simple moving average of C$2.29 and a 200-day simple moving average of C$2.32. Organigram has a 52-week low of C$1.61 and a 52-week high of C$3.95. The company has a market capitalization of C$235.60 million, a PE ratio of -0.86, a P/E/G ratio of 0.42 and a beta of 1.13.

Insider Activity

In other news, Senior Officer Paolo De Luca sold 12,014 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of C$2.52, for a total value of C$30,275.28. Corporate insiders own 31.32% of the company’s stock.

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.