Evaluating the Ups and Downs of Origin Materials Inc’s (ORGN) Stock

The stock of Origin Materials Inc (ORGN) has seen a 28.04% increase in the past week, with a 0.65% gain in the past month, and a -28.26% decrease in the past quarter. The volatility ratio for the week is 7.65%, and the volatility levels for the past 30 days are at 7.91% for ORGN. The simple moving average for the last 20 days is 15.62% for ORGN stock, with a simple moving average of -60.68% for the last 200 days.

Is It Worth Investing in Origin Materials Inc (NASDAQ: ORGN) Right Now?

The price-to-earnings ratio for Origin Materials Inc (NASDAQ: ORGN) is above average at 3.68x. The 36-month beta value for ORGN is also noteworthy at 1.16. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for ORGN is 122.97M, and at present, short sellers hold a 6.90% of that float. The average trading volume of ORGN on April 03, 2024 was 1.60M shares.

ORGN) stock’s latest price update

The stock price of Origin Materials Inc (NASDAQ: ORGN) has surged by 22.73 when compared to previous closing price of 0.49, but the company has seen a 28.04% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-21 that Stocks are down on Tuesday as investors wait for the minutes from the Federal Reserve meeting to be published later today. The Fed will release the minutes from its latest meeting at 2:00 p.m.

Analysts’ Opinion of ORGN

Many brokerage firms have already submitted their reports for ORGN stocks, with Craig Hallum repeating the rating for ORGN by listing it as a “Hold.” The predicted price for ORGN in the upcoming period, according to Craig Hallum is $2 based on the research report published on August 11, 2023 of the previous year 2023.

Credit Suisse, on the other hand, stated in their research note that they expect to see ORGN reach a price target of $7. The rating they have provided for ORGN stocks is “Outperform” according to the report published on October 14th, 2022.

ORGN Trading at 10.21% from the 50-Day Moving Average

After a stumble in the market that brought ORGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -87.98% of loss for the given period.

Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 7.65%, as shares surge +10.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.29% lower at present.

During the last 5 trading sessions, ORGN rose by +27.32%, which changed the moving average for the period of 200-days by -87.10% in comparison to the 20-day moving average, which settled at $0.5270. In addition, Origin Materials Inc saw -27.53% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ORGN starting from Bissell John, who sale 40,000 shares at the price of $0.78 back on Dec 13 ’23. After this action, Bissell John now owns 1,173,828 shares of Origin Materials Inc, valued at $31,224 using the latest closing price.

Lee Joshua C., the General Counsel of Origin Materials Inc, sale 17,500 shares at $0.77 during a trade that took place back on Dec 13 ’23, which means that Lee Joshua C. is holding 261,194 shares at $13,556 based on the most recent closing price.

Stock Fundamentals for ORGN

Current profitability levels for the company are sitting at:

  • -1.91 for the present operating margin
  • 0.09 for the gross margin

The net margin for Origin Materials Inc stands at 0.74. The total capital return value is set at -0.12. Equity return is now at value 5.95, with 4.98 for asset returns.

Based on Origin Materials Inc (ORGN), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -10.86. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -14.56.

Currently, EBITDA for the company is -50.9 million with net debt to EBITDA at 1.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 1.47for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 14.55.

Conclusion

In summary, Origin Materials Inc (ORGN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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