ORGN has 36-month beta value of 0.98. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ORGN is 126.87M, and currently, short sellers hold a 2.72% ratio of that float. The average trading volume of ORGN on November 08, 2024 was 1.36M shares.
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ORGN) stock’s latest price update
Origin Materials Inc (NASDAQ: ORGN) has experienced a rise in its stock price by 1.56 compared to its previous closing price of 1.28. However, the company has seen a fall of -5.11% in its stock price over the last five trading days. businesswire.com reported 2024-10-31 that WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (“Origin,” “Origin Materials,” or “the Company”) (Nasdaq: ORGN, ORGNW), today announced that it will release its third quarter 2024 results after market close on Thursday, November 14, 2024, to be followed by a conference call at 5:00 p.m. Eastern Time on the same day. Interested investors and other parties can listen to a webcast of the live conference call by logging onto the Investor Relations section of the Company’s website a.
ORGN’s Market Performance
ORGN’s stock has fallen by -5.11% in the past week, with a monthly drop of -10.34% and a quarterly rise of 41.30%. The volatility ratio for the week is 4.97% while the volatility levels for the last 30 days are 4.86% for Origin Materials Inc The simple moving average for the past 20 days is -6.14% for ORGN’s stock, with a 31.25% simple moving average for the past 200 days.
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 -11.49% 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 -31.58% of loss for the given period.
Volatility was left at 4.86%, however, over the last 30 days, the volatility rate increased by 4.97%, as shares sank -8.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.75% lower at present.
During the last 5 trading sessions, ORGN fell by -5.11%, which changed the moving average for the period of 200-days by +106.19% in comparison to the 20-day moving average, which settled at $1.3850. In addition, Origin Materials Inc saw 55.47% 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 Plavan Matthew T, who sale 120,000 shares at the price of $1.32 back on Nov 04 ’24. After this action, Plavan Matthew T now owns 1,223,088 shares of Origin Materials Inc, valued at $157,860 using the latest closing price.
Plavan Matthew T, the Officer of Origin Materials Inc, proposed sale 120,000 shares at $1.29 during a trade that took place back on Nov 04 ’24, which means that Plavan Matthew T is holding shares at $154,256 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 4.31. 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
To put it simply, Origin Materials Inc (ORGN) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
