The stock price of Origin Materials Inc (NASDAQ: ORGN) has dropped by -0.05 compared to previous close of 0.76. Despite this, the company has seen a gain of 4.98% in its stock price over the last five trading days. 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.
Is It Worth Investing in Origin Materials Inc (NASDAQ: ORGN) Right Now?
Origin Materials Inc (NASDAQ: ORGN) has a price-to-earnings ratio that is above its average at 4.64x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ORGN is 123.06M, and at present, short sellers hold a 6.97% of that float. On April 30, 2024, the average trading volume of ORGN was 1.85M shares.
ORGN’s Market Performance
ORGN stock saw an increase of 4.98% in the past week, with a monthly gain of 49.95% and a quarterly increase of 23.37%. The volatility ratio for the week is 10.82%, and the volatility levels for the last 30 days are 14.09% for Origin Materials Inc (ORGN). The simple moving average for the last 20 days is 15.87% for ORGN’s stock, with a simple moving average of -36.69% for the last 200 days.
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 30.27% 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 -84.85% of loss for the given period.
Volatility was left at 14.09%, however, over the last 30 days, the volatility rate increased by 10.82%, as shares surge +55.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.54% upper at present.
During the last 5 trading sessions, ORGN rose by +5.69%, which changed the moving average for the period of 200-days by -81.02% in comparison to the 20-day moving average, which settled at $0.6726. In addition, Origin Materials Inc saw -8.71% 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 1.52. 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
To sum up, Origin Materials Inc (ORGN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
