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OrganiGram Holdings Inc
Buy, Hold or Sell?

Let's analyse Organigram together

PenkeI guess you are interested in OrganiGram Holdings Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of OrganiGram Holdings Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Organigram (30 sec.)










What can you expect buying and holding a share of Organigram? (30 sec.)

How much money do you get?

How much money do you get?
C$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
C$1.64
Expected worth in 1 year
C$0.73
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
C$-0.91
Return On Investment
-29.4%

For what price can you sell your share?

Current Price per Share
C$3.11
Expected price per share
C$2.51 - C$4.36
How sure are you?
50%

1. Valuation of Organigram (5 min.)




Live pricePrice per Share (EOD)

C$3.11

Intrinsic Value Per Share

C$-4.89 - C$7.47

Total Value Per Share

C$-3.24 - C$9.12

2. Growth of Organigram (5 min.)




Is Organigram growing?

Current yearPrevious yearGrowGrow %
How rich?$374m$353.2m$20.8m5.6%

How much money is Organigram making?

Current yearPrevious yearGrowGrow %
Making money-$10.5m-$135.8m$125.3m1,191.7%
Net Profit Margin-9.8%-233.1%--

How much money comes from the company's main activities?

3. Financial Health of Organigram (5 min.)




What can you expect buying and holding a share of Organigram? (5 min.)

Welcome investor! Organigram's management wants to use your money to grow the business. In return you get a share of Organigram.

What can you expect buying and holding a share of Organigram?

First you should know what it really means to hold a share of Organigram. And how you can make/lose money.

Speculation

The Price per Share of Organigram is C$3.11. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Organigram.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Organigram, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is C$1.64. Based on the TTM, the Book Value Change Per Share is C$-0.23 per quarter. Based on the YOY, the Book Value Change Per Share is C$0.19 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is C$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Organigram.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 C$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per ShareC$% of Price per Share
Usd Eps-0.03-1.1%-0.03-1.1%-0.38-12.1%-0.18-5.8%-0.10-3.2%
Usd Book Value Change Per Share-0.17-5.4%-0.17-5.4%0.144.5%0.123.7%0.123.9%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.17-5.4%-0.17-5.4%0.144.5%0.123.7%0.123.9%
Usd Price Per Share1.05-1.05-2.49-2.75-1.83-
Price to Earnings Ratio-30.71--30.71--6.62--17.60--51.41-
Price-to-Total Gains Ratio-6.21--6.21-17.68-5.39--89.30-
Price to Book Ratio0.86-0.86-1.80-2.16-869.83-
Price-to-Total Gains Ratio-6.21--6.21-17.68-5.39--89.30-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.289893
Number of shares436
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.170.12
Usd Total Gains Per Share-0.170.12
Gains per Quarter (436 shares)-73.4250.75
Gains per Year (436 shares)-293.69203.01
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-294-3040203193
20-587-5980406396
30-881-8920609599
40-1175-11860812802
50-1468-1480010151005
60-1762-1774012181208
70-2056-2068014211411
80-2350-2362016241614
90-2643-2656018271817
100-2937-2950020302020

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%0.03.00.00.0%1.04.00.020.0%2.08.00.020.0%2.09.00.018.2%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%6.04.00.060.0%7.04.00.063.6%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%0.00.011.00.0%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%6.04.00.060.0%7.04.00.063.6%

Fundamentals of Organigram

About OrganiGram Holdings Inc

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. 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 consumer channels. The company was incorporated in 2010 and is headquartered in Toronto, Canada.

Fundamental data was last updated by Penke on 2024-03-21 02:00:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of OrganiGram Holdings Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Organigram earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of -9.8% means that $-0.10 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of OrganiGram Holdings Inc:

  • The MRQ is -9.8%. The company is making a loss. -1
  • The TTM is -9.8%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-9.8%TTM-9.8%0.0%
TTM-9.8%YOY-233.1%+223.3%
TTM-9.8%5Y-49.3%+39.5%
5Y-49.3%10Y-105.0%+55.7%
1.1.2. Return on Assets

Shows how efficient Organigram is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • -2.5% Return on Assets means that Organigram generated $-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of OrganiGram Holdings Inc:

  • The MRQ is -2.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -2.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.5%TTM-2.5%0.0%
TTM-2.5%YOY-33.3%+30.8%
TTM-2.5%5Y-12.8%+10.3%
5Y-12.8%10Y-48.7%+36.0%
1.1.3. Return on Equity

Shows how efficient Organigram is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • -2.8% Return on Equity means Organigram generated $-0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of OrganiGram Holdings Inc:

  • The MRQ is -2.8%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.8%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.8%TTM-2.8%0.0%
TTM-2.8%YOY-38.5%+35.6%
TTM-2.8%5Y-15.7%+12.9%
5Y-15.7%10Y-192.5%+176.8%

1.2. Operating Efficiency of OrganiGram Holdings Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Organigram is operating .

  • Measures how much profit Organigram makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of -26.6% means the company generated $-0.27  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of OrganiGram Holdings Inc:

  • The MRQ is -26.6%. The company is operating very inefficient. -2
  • The TTM is -26.6%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-26.6%TTM-26.6%0.0%
TTM-26.6%YOY-116.0%+89.4%
TTM-26.6%5Y-2.1%-24.5%
5Y-2.1%10Y-38.5%+36.5%
1.2.2. Operating Ratio

Measures how efficient Organigram is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 1.27 means that the operating costs are $1.27 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of OrganiGram Holdings Inc:

  • The MRQ is 1.266. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.266. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.266TTM1.2660.000
TTM1.266YOY1.920-0.654
TTM1.2665Y0.862+0.404
5Y0.86210Y1.601-0.740

1.3. Liquidity of OrganiGram Holdings Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Organigram is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 4.01 means the company has $4.01 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of OrganiGram Holdings Inc:

  • The MRQ is 4.009. The company is very able to pay all its short-term debts. +2
  • The TTM is 4.009. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ4.009TTM4.0090.000
TTM4.009YOY9.922-5.913
TTM4.0095Y8.464-4.456
5Y8.46410Y7.201+1.263
1.3.2. Quick Ratio

Measures if Organigram is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 3.17 means the company can pay off $3.17 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of OrganiGram Holdings Inc:

  • The MRQ is 3.172. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.172. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ3.172TTM3.1720.000
TTM3.172YOY12.690-9.518
TTM3.1725Y8.160-4.988
5Y8.16010Y7.963+0.197

1.4. Solvency of OrganiGram Holdings Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Organigram assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Organigram to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.12 means that Organigram assets are financed with 12.0% credit (debt) and the remaining percentage (100% - 12.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of OrganiGram Holdings Inc:

  • The MRQ is 0.120. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.120. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.120TTM0.1200.000
TTM0.120YOY0.134-0.014
TTM0.1205Y0.233-0.113
5Y0.23310Y0.293-0.061
1.4.2. Debt to Equity Ratio

Measures if Organigram is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 13.6% means that company has $0.14 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of OrganiGram Holdings Inc:

  • The MRQ is 0.136. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.136. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.136TTM0.1360.000
TTM0.136YOY0.155-0.019
TTM0.1365Y0.327-0.191
5Y0.32710Y0.776-0.449

2. Market Valuation of OrganiGram Holdings Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Organigram generates.

  • Above 15 is considered overpriced but always compare Organigram to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of -30.71 means the investor is paying $-30.71 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of OrganiGram Holdings Inc:

  • The EOD is -67.264. Based on the earnings, the company is expensive. -2
  • The MRQ is -30.712. Based on the earnings, the company is expensive. -2
  • The TTM is -30.712. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-67.264MRQ-30.712-36.552
MRQ-30.712TTM-30.7120.000
TTM-30.712YOY-6.623-24.089
TTM-30.7125Y-17.601-13.111
5Y-17.60110Y-51.412+33.811
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of OrganiGram Holdings Inc:

  • The EOD is -11.304. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -5.161. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -5.161. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-11.304MRQ-5.161-6.143
MRQ-5.161TTM-5.1610.000
TTM-5.161YOY-21.157+15.995
TTM-5.1615Y-9.331+4.170
5Y-9.33110Y-1,030.860+1,021.528
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Organigram is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of OrganiGram Holdings Inc:

  • The EOD is 1.891. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.863. Based on the equity, the company is cheap. +2
  • The TTM is 0.863. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.891MRQ0.863+1.028
MRQ0.863TTM0.8630.000
TTM0.863YOY1.804-0.941
TTM0.8635Y2.158-1.294
5Y2.15810Y869.834-867.676
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of OrganiGram Holdings Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.229-0.2290%0.191-220%0.158-245%0.164-239%
Book Value Per Share--1.6451.6450%1.873-12%1.763-7%1.022+61%
Current Ratio--4.0094.0090%9.922-60%8.464-53%7.201-44%
Debt To Asset Ratio--0.1200.1200%0.134-11%0.233-49%0.293-59%
Debt To Equity Ratio--0.1360.1360%0.155-12%0.327-58%0.776-82%
Dividend Per Share----0%-0%-0%-0%
Eps---0.046-0.0460%-0.510+1004%-0.244+429%-0.135+191%
Free Cash Flow Per Share---0.275-0.2750%-0.160-42%-0.527+92%-0.323+17%
Free Cash Flow To Equity Per Share---0.258-0.2580%0.521-149%0.149-273%0.116-322%
Gross Profit Margin--2.1802.1800%1.086+101%1.524+43%1.257+74%
Intrinsic Value_10Y_max--7.473--------
Intrinsic Value_10Y_min---4.888--------
Intrinsic Value_1Y_max---0.092--------
Intrinsic Value_1Y_min---0.523--------
Intrinsic Value_3Y_max--0.364--------
Intrinsic Value_3Y_min---1.552--------
Intrinsic Value_5Y_max--1.593--------
Intrinsic Value_5Y_min---2.551--------
Market Cap292644481.440-50%438660251.400438660251.4000%865685363.400-49%657520399.922-33%387405193.894+13%
Net Profit Margin---0.098-0.0980%-2.331+2279%-0.493+403%-1.050+972%
Operating Margin---0.266-0.2660%-1.160+336%-0.021-92%-0.385+45%
Operating Ratio--1.2661.2660%1.920-34%0.862+47%1.601-21%
Pb Ratio1.891+54%0.8630.8630%1.804-52%2.158-60%869.834-100%
Pe Ratio-67.264-119%-30.712-30.7120%-6.623-78%-17.601-43%-51.412+67%
Price Per Share3.110+54%1.4201.4200%3.380-58%3.734-62%2.483-43%
Price To Free Cash Flow Ratio-11.304-119%-5.161-5.1610%-21.157+310%-9.331+81%-1030.860+19873%
Price To Total Gains Ratio-13.598-119%-6.209-6.2090%17.676-135%5.388-215%-89.304+1338%
Quick Ratio--3.1723.1720%12.690-75%8.160-61%7.963-60%
Return On Assets---0.025-0.0250%-0.333+1246%-0.128+416%-0.487+1869%
Return On Equity---0.028-0.0280%-0.385+1268%-0.157+459%-1.925+6747%
Total Gains Per Share---0.229-0.2290%0.191-220%0.158-245%0.164-239%
Usd Book Value--374083105.400374083105.4000%353280421.500+6%264919267.400+41%142431623.142+163%
Usd Book Value Change Per Share---0.168-0.1680%0.141-220%0.116-245%0.121-239%
Usd Book Value Per Share--1.2111.2110%1.379-12%1.298-7%0.753+61%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.034-0.0340%-0.376+1004%-0.180+429%-0.099+191%
Usd Free Cash Flow---62577400.700-62577400.7000%-30127923.400-52%-68357944.740+9%-38386934.601-39%
Usd Free Cash Flow Per Share---0.203-0.2030%-0.118-42%-0.388+92%-0.238+17%
Usd Free Cash Flow To Equity Per Share---0.190-0.1900%0.384-149%0.110-273%0.086-322%
Usd Market Cap215474131.684-50%322985543.106322985543.1060%637404133.071-49%484132270.463-33%285246444.264+13%
Usd Price Per Share2.290+54%1.0461.0460%2.489-58%2.749-62%1.828-43%
Usd Profit---10516572.900-10516572.9000%-135840723.300+1192%-47700753.720+354%-24701356.616+135%
Usd Revenue--107359166.700107359166.7000%58287716.900+84%59582721.340+80%30741857.408+249%
Usd Total Gains Per Share---0.168-0.1680%0.141-220%0.116-245%0.121-239%
 EOD+3 -5MRQTTM+0 -0YOY+16 -185Y+17 -1710Y+22 -12

3.2. Fundamental Score

Let's check the fundamental score of OrganiGram Holdings Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-67.264
Price to Book Ratio (EOD)Between0-11.891
Net Profit Margin (MRQ)Greater than0-0.098
Operating Margin (MRQ)Greater than0-0.266
Quick Ratio (MRQ)Greater than13.172
Current Ratio (MRQ)Greater than14.009
Debt to Asset Ratio (MRQ)Less than10.120
Debt to Equity Ratio (MRQ)Less than10.136
Return on Equity (MRQ)Greater than0.15-0.028
Return on Assets (MRQ)Greater than0.05-0.025
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of OrganiGram Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.509
Ma 20Greater thanMa 502.940
Ma 50Greater thanMa 1002.723
Ma 100Greater thanMa 2002.264
OpenGreater thanClose3.290
Total5/5 (100.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2018-08-312019-08-312020-08-312021-08-312022-08-31
Total Other Income Expense Net -8,639-2,723-11,36210,244-1,118-37,766-38,88463,26524,381



Latest Balance Sheet

Balance Sheet of 2022-08-31. Currency in CAD. All numbers in thousands.

Summary
Total Assets577,107
Total Liabilities69,049
Total Stockholder Equity508,058
 As reported
Total Liabilities 69,049
Total Stockholder Equity+ 508,058
Total Assets = 577,107

Assets

Total Assets577,107
Total Current Assets221,623
Long-term Assets355,484
Total Current Assets
Cash And Cash Equivalents 68,515
Short-term Investments 30,396
Net Receivables 46,068
Inventory 68,282
Other Current Assets 8,362
Total Current Assets  (as reported)221,623
Total Current Assets  (calculated)221,623
+/-0
Long-term Assets
Property Plant Equipment 259,819
Goodwill 41,979
Long Term Investments 7,069
Intangible Assets 14,260
Long-term Assets Other 32,357
Long-term Assets  (as reported)355,484
Long-term Assets  (calculated)355,484
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities55,285
Long-term Liabilities13,764
Total Stockholder Equity508,058
Total Current Liabilities
Short-term Debt 996
Short Long Term Debt 80
Accounts payable 40,864
Other Current Liabilities 13,425
Total Current Liabilities  (as reported)55,285
Total Current Liabilities  (calculated)55,365
+/- 80
Long-term Liabilities
Long term Debt Total 2,361
Other Liabilities 11,403
Deferred Long Term Liability 30
Long-term Liabilities  (as reported)13,764
Long-term Liabilities  (calculated)13,794
+/- 30
Total Stockholder Equity
Common Stock769,725
Retained Earnings -289,927
Other Stockholders Equity 28,260
Total Stockholder Equity (as reported)508,058
Total Stockholder Equity (calculated)508,058
+/-0
Other
Capital Stock769,725
Cash and Short Term Investments 98,911
Common Stock Shares Outstanding 308,916
Liabilities and Stockholders Equity 577,107
Net Debt -65,158
Net Invested Capital 508,293
Net Tangible Assets 451,819
Net Working Capital 166,338
Property Plant and Equipment Gross 342,158
Short Long Term Debt Total 3,357



Balance Sheet

Currency in CAD. All numbers in thousands.

 Trend2022-08-312021-08-312020-08-312019-08-312018-08-312017-08-312016-08-312015-08-312014-08-312013-08-312012-08-31
> Total Assets 
501
337
140
14,176
53,867
92,808
302,567
428,525
417,624
554,017
577,107
577,107554,017417,624428,525302,56792,80853,86714,176140337501
   > Total Current Assets 
348
183
140
4,593
40,652
44,666
203,214
196,281
170,204
260,615
221,623
221,623260,615170,204196,281203,21444,66640,6524,593140183348
       Cash And Cash Equivalents 
321
158
137
1,474
9,858
1,957
55,064
47,555
24,600
55,365
68,515
68,51555,36524,60047,55555,0641,9579,8581,474137158321
       Short-term Investments 
0
0
0
0
22,775
32,000
75,000
380
50,128
128,478
30,396
30,396128,47850,12838075,00032,00022,7750000
       Net Receivables 
28
25
3
767
1,562
4,073
3,736
17,450
16,976
20,997
46,068
46,06820,99716,97617,4503,7364,0731,56276732528
       Other Current Assets 
0
0
0
1,310
2,367
0
19,858
20,652
23,717
6,957
8,362
8,3626,95723,71720,65219,85802,3671,310000
   > Long-term Assets 
153
154
0
9,583
13,215
48,141
99,353
232,244
247,420
293,402
355,484
355,484293,402247,420232,24499,35348,14113,2159,5830154153
       Property Plant Equipment 
0
154
0
9,583
13,215
45,346
98,639
219,046
247,420
235,939
259,819
259,819235,939247,420219,04698,63945,34613,2159,58301540
       Goodwill 
0
0
0
0
0
2,328
0
0
0
14,321
41,979
41,97914,3210002,32800000
       Long Term Investments 
0
0
0
0
0
0
0
11,108
7,001
6,113
7,069
7,0696,1137,00111,1080000000
       Intangible Assets 
0
0
0
0
0
0
0
1,498
1,772
2,725
14,260
14,2602,7251,7721,4980000000
       Long-term Assets Other 
153
0
0
0
13,215
467
714
592
-8,773
34,304
32,357
32,35734,304-8,77359271446713,215000153
> Total Liabilities 
40
73
115
6,322
9,607
9,777
117,973
101,519
118,097
74,212
69,049
69,04974,212118,097101,519117,9739,7779,6076,3221157340
   > Total Current Liabilities 
40
73
115
1,748
2,446
6,648
11,250
43,864
29,081
26,266
55,285
55,28526,26629,08143,86411,2506,6482,4461,7481157340
       Short-term Debt 
0
0
0
285
331
390
421
3,509
11,595
80
996
9968011,5953,509421390331285000
       Short Long Term Debt 
0
0
0
0
331
390
421
3,509
11,595
80
80
808011,5953,5094213903310000
       Accounts payable 
0
73
115
1,463
2,115
6,258
10,764
40,355
29,081
23,436
40,864
40,86423,43629,08140,35510,7646,2582,1151,463115730
       Other Current Liabilities 
40
0
0
0
0
0
65
0
-11,595
2,750
13,425
13,4252,750-11,5950650000040
   > Long-term Liabilities 
0
73
115
4,574
7,161
3,128
106,723
57,655
89,016
47,946
13,764
13,76447,94689,01657,655106,7233,1287,1614,574115730
       Long term Debt Total 
0
0
0
4,574
7,161
3,129
98,743
46,067
106,288
4,881
2,361
2,3614,881106,28846,06798,7433,1297,1614,574000
       Other Liabilities 
0
0
0
0
0
0
7,980
11,588
231
43,065
11,403
11,40343,06523111,5887,980000000
       Deferred Long Term Liability 
0
0
0
0
0
467
714
592
698
7
30
30769859271446700000
> Total Stockholder Equity
462
264
24
7,854
44,260
83,031
184,594
327,006
299,527
479,805
508,058
508,058479,805299,527327,006184,59483,03144,2607,85424264462
   Common Stock
0
616
616
16,754
50,958
99,704
157,790
318,125
420,673
730,803
769,725
769,725730,803420,673318,125157,79099,70450,95816,7546166160
   Retained Earnings 
-219
-594
-833
-9,712
-8,865
-19,755
759
-8,783
-144,940
-275,644
-289,927
-289,927-275,644-144,940-8,783759-19,755-8,865-9,712-833-594-219
   Capital Surplus 00000000000
   Treasury Stock00000000000
   Other Stockholders Equity 
680
0
0
812
2,167
3,081
26,045
17,707
23,794
24,646
28,260
28,26024,64623,79417,70726,0453,0812,16781200680



Balance Sheet

Currency in CAD. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2022-08-31)

Gross Profit (+$)
totalRevenue145,809
Cost of Revenue-114,240
Gross Profit31,56931,569
 
Operating Income (+$)
Gross Profit31,569
Operating Expense-70,321
Operating Income-38,752-38,752
 
Operating Expense (+$)
Research Development5,962
Selling General Administrative42,354
Selling And Marketing Expenses16,860
Operating Expense70,32165,176
 
Net Interest Income (+$)
Interest Income32,344
Interest Expense-429
Other Finance Cost-32,344
Net Interest Income-429
 
Pretax Income (+$)
Operating Income-38,752
Net Interest Income-429
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-14,371-63,133
EBIT - interestExpense = -39,181
-14,371
-13,854
Interest Expense429
Earnings Before Interest and Taxes (EBIT)-38,752-13,942
Earnings Before Interest and Taxes (EBITDA)-15,209
 
After tax Income (+$)
Income Before Tax-14,371
Tax Provision--88
Net Income From Continuing Ops-14,283-14,283
Net Income-14,283
Net Income Applicable To Common Shares-14,283
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses184,561
Total Other Income/Expenses Net24,381429
 

Technical Analysis of Organigram
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Organigram. The general trend of Organigram is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Organigram's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of OrganiGram Holdings Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 3.84 < 3.84 < 4.36.

The bearish price targets are: 3.12 > 3 > 2.51.

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OrganiGram Holdings Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of OrganiGram Holdings Inc. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

OrganiGram Holdings Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of OrganiGram Holdings Inc. The current macd is 0.20965973.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Organigram price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Organigram. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Organigram price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
OrganiGram Holdings Inc Daily Moving Average Convergence/Divergence (MACD) ChartOrganiGram Holdings Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of OrganiGram Holdings Inc. The current adx is 29.40.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Organigram shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
OrganiGram Holdings Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of OrganiGram Holdings Inc. The current sar is 3.95.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
OrganiGram Holdings Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of OrganiGram Holdings Inc. The current rsi is 53.51. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
OrganiGram Holdings Inc Daily Relative Strength Index (RSI) ChartOrganiGram Holdings Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of OrganiGram Holdings Inc. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -4/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Organigram price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
OrganiGram Holdings Inc Daily Stochastic Oscillator ChartOrganiGram Holdings Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of OrganiGram Holdings Inc. The current cci is 27.99.

OrganiGram Holdings Inc Daily Commodity Channel Index (CCI) ChartOrganiGram Holdings Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of OrganiGram Holdings Inc. The current cmo is 1.59455022.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
OrganiGram Holdings Inc Daily Chande Momentum Oscillator (CMO) ChartOrganiGram Holdings Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of OrganiGram Holdings Inc. The current willr is -58.33333333.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Organigram is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
OrganiGram Holdings Inc Daily Williams %R ChartOrganiGram Holdings Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of OrganiGram Holdings Inc.

OrganiGram Holdings Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of OrganiGram Holdings Inc. The current atr is 0.29584962.

OrganiGram Holdings Inc Daily Average True Range (ATR) ChartOrganiGram Holdings Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of OrganiGram Holdings Inc. The current obv is -1,494,029.

OrganiGram Holdings Inc Daily On-Balance Volume (OBV) ChartOrganiGram Holdings Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of OrganiGram Holdings Inc. The current mfi is 56.17.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
OrganiGram Holdings Inc Daily Money Flow Index (MFI) ChartOrganiGram Holdings Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for OrganiGram Holdings Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-09CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-12-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-22STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-01-08CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-10CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-01-11STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-01-17RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-24ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-26MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-08WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-13CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-20MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-14DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-20ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-03-26BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside

6.3. Candlestick Patterns

OrganiGram Holdings Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of OrganiGram Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5053.509
Ma 20Greater thanMa 502.940
Ma 50Greater thanMa 1002.723
Ma 100Greater thanMa 2002.264
OpenGreater thanClose3.290
Total5/5 (100.0%)
Penke

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