In the past week, ORGN stock has gone up by 22.46%, with a monthly gain of 18.17% and a quarterly surge of 86.50%. The volatility ratio for the week is 7.70%, and the volatility levels for the last 30 days are 11.13% for Origin Materials Inc The simple moving average for the past 20 days is 14.45% for ORGN’s stock, with a 98.79% simple moving average for the past 200 days.
Is It Worth Investing in Origin Materials Inc (NASDAQ: ORGN) Right Now?
The 36-month beta value for ORGN is at 1.00. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ORGN is 126.90M, and currently, shorts hold a 2.49% of that float. The average trading volume for ORGN on September 17, 2024 was 1.75M shares.
ORGN) stock’s latest price update
The stock price of Origin Materials Inc (NASDAQ: ORGN) has surged by 8.33 when compared to previous closing price of 1.56, but the company has seen a 22.46% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-06 that There has been a noticeable shift in the stock market over the last two months.
Analysts’ Opinion of ORGN
Many brokerage firms have already submitted their reports for ORGN stocks, with BofA Securities repeating the rating for ORGN by listing it as a “Buy.” The predicted price for ORGN in the upcoming period, according to BofA Securities is $3 based on the research report published on August 16, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see ORGN reach a price target of $2. The rating they have provided for ORGN stocks is “Hold” according to the report published on August 11th, 2023.
Credit Suisse gave a rating of “Outperform” to ORGN, setting the target price at $7 in the report published on October 14th of the previous year.
ORGN Trading at 46.75% 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 -2.25% of loss for the given period.
Volatility was left at 11.13%, however, over the last 30 days, the volatility rate increased by 7.70%, as shares surge +6.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +97.95% upper at present.
During the last 5 trading sessions, ORGN rose by +22.93%, which changed the moving average for the period of 200-days by +120.31% in comparison to the 20-day moving average, which settled at $1.4813. In addition, Origin Materials Inc saw 102.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ORGN starting from Hickox John, who sale 200 shares at the price of $1.59 back on Aug 20 ’24. After this action, Hickox John now owns 533,411 shares of Origin Materials Inc, valued at $318 using the latest closing price.
Hickox John, the Director of Origin Materials Inc, sale 200 shares at $1.44 during a trade that took place back on Aug 22 ’24, which means that Hickox John is holding 533,211 shares at $288 based on the most recent closing price.
Stock Fundamentals for ORGN
Current profitability levels for the company are sitting at:
- -1.9 for the present operating margin
- -0.08 for the gross margin
The net margin for Origin Materials Inc stands at -0.38. The total capital return value is set at -0.15. Equity return is now at value -3.30, with -2.85 for asset returns.
Based on Origin Materials Inc (ORGN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -6.22. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -43.4.
Currently, EBITDA for the company is -50.9 million with net debt to EBITDA at 0.79. When we switch over and look at the enterprise to sales, we see a ratio of 5.93. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.57.
Conclusion
In conclusion, Origin Materials Inc (ORGN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
