Assessing Whether Origin Materials Inc (NASDAQ: ORGN) Is Over- Or Undervalued

Origin Materials Inc (ORGN) concluded trading on Wednesday at a closing price of $0.60, with 9.05 million shares of worth about $5.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.42% during that period and on April 3, 2024 the price saw a gain of about 22.22%. Currently the company’s common shares owned by public are about 145.71M shares, out of which, 122.97M shares are available for trading.

However, the stock later moved at a day high price of 0.7176, or with a gain of 22.22%. Stock saw a price change of 27.51% in past 5 days and over the past one month there was a price change of 0.23%. Year-to-date (YTD), ORGN shares are showing a performance of -27.83% which decreased to -85.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.44 but also hit the highest price of $5.04 during that period. The average intraday trading volume for Origin Materials Inc shares is 1.60 million. The stock is currently trading 15.14% above its 20-day simple moving average (SMA20), while that difference is up 9.75% for SMA50 and it goes to -60.84% lower than SMA200.

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Origin Materials Inc (NASDAQ: ORGN) currently have 145.71M outstanding shares and institutions hold larger chunk of about 23.21% of that.

The stock has a current market capitalization of $88.06M and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 3.66, while it has posted earnings per share of $0.16 in the same period. It has Quick Ratio of 14.48 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 11.69% while standing at 9.14% over the month.

Analysts are in expectations that Origin Materials Inc (ORGN) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.11 and it is -$0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.13 which is -$0.1 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 $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -37.02% while it is estimated to increase by 43.82% in next year.

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. Coverage by Credit Suisse stated Origin Materials Inc (ORGN) stock as an Outperform in their note to investors on October 14, 2022, suggesting a price target of $7 for the stock. On January 06, 2022, BofA Securities Upgrade their recommendations, while on November 23, 2021, HSBC Securities Initiated their ratings for the stock with a price target of $15. Stock get a Neutral rating from BofA Securities on October 05, 2021.

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