Origin Materials Inc (ORGN) concluded trading on 01/11/24 at a closing price of $0.66, with 2.42 million shares of worth about $1.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -84.46% during that period and on Thursday the price saw a loss of about -2.36%. Currently the company’s common shares owned by public are about 143.03M shares, out of which, 107.77M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 2,399,044 shares in 28 of the transactions. In 9 selling transactions, insiders dumped 206,533 shares.
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Origin Materials Inc (NASDAQ: ORGN) started trading at $0.69, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 0.7062, or with a loss of -2.36%. Stock saw a price change of -6.52% in past 5 days and over the past one month there was a price change of -16.08%. Year-to-date (YTD), ORGN shares are showing a performance of -21.18% which decreased to -87.47% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.65 but also hit the highest price of $6.26 during that period. The average intraday trading volume for Origin Materials Inc shares is 1.56 million. The stock is currently trading -19.67% below its 20-day simple moving average (SMA20), while that difference is down -25.23% for SMA50 and it goes to -74.48% lower than SMA200.
Origin Materials Inc (NASDAQ: ORGN) currently have 143.03M outstanding shares and institutions hold larger chunk of about 25.83% of that.
The stock has a current market capitalization of $95.09M and its 3Y-monthly beta is at 1.21. PE ratio of stock for trailing 12 months is 1.88, while it has posted earnings per share of $0.35 in the same period. It has Quick Ratio of 12.45 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ORGN, volatility over the week remained 9.20% while standing at 9.39% over the month.
Analysts are in expectations that Origin Materials Inc (ORGN) stock would likely to be making an EPS of $Ocugen, Inc. in the current quarter, while forecast for next quarter EPS is $0.61 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Origin Materials, Inc. which is $OpGen, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Organogenesis Holdings Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -82.61% while it is estimated to decrease by -64.86% in next year.
Analysts at 2 brokerage firms have issued recommendations for the Origin Materials Inc (ORGN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 1 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on August 11, 2023 offering a Hold rating for the stock and assigned a target price of $2 to it.
