Origin Materials Inc (ORGN) concluded trading on Thursday ata closing price of $1.10, with 3.14 million shares of worth about $3.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 110.53% during that period and on August 15, 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, 123.14M shares are available for trading.
Stock saw a price change of 15.79% in past 5 days and over the past one month there was a price change of 8.91%. Year-to-date (YTD), ORGN shares are showing a performance of 31.55% which decreased to -20.29% 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 $1.58 during that period. The average intraday trading volume for Origin Materials Inc shares is 1.66 million. The stock is currently trading 22.81% above its 20-day simple moving average (SMA20), while that difference is up 18.27% for SMA50 and it goes to 37.41% higher than SMA200.
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Origin Materials Inc (NASDAQ: ORGN) currently have 145.71M outstanding shares and institutions hold larger chunk of about 16.20% of that.
The stock has a current market capitalization of $161.72M and its 3Y-monthly beta is at 0.91. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 13.48 while making debt-to-equity ratio of 0.03. 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 8.52% while standing at 7.45% over the month.
Stock’s fiscal year EPS is expected to drop by -35.48% while it is estimated to increase by 9.09% 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.
