Moreover, the 36-month beta value for ORGN is 0.97. Analysts have varying opinions 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 126.99M and currently, short sellers hold a 3.07% of that float. On November 14, 2024, ORGN’s average trading volume was 1.35M shares.
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ORGN) stock’s latest price update
The stock of Origin Materials Inc (NASDAQ: ORGN) has decreased by -1.60 when compared to last closing price of 1.25. Despite this, the company has experienced a -2.38% fall in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-12 that Vancouver, British Columbia–(Newsfile Corp. – November 12, 2024) – Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the “Company” or “Origen”) is pleased to announce that it signed a letter agreement (“Agreement”) with Equity Metals Corporation (TSXV: EQTY) (“Equity”) to earn a 100% interest in the Arlington Property (“Arlington”), located within the Boundary District of south-central British Columbia. The Arlington Agreement provides that Equity may earn a 100% interest in the Arlington Property by meeting the following obligations to Origen, all by the first anniversary of Regulatory Approval: Making cash payments totaling $130,000 ($30,000 of which is reimbursement for the Bond posted in regards to the current drill permit to be assigned to Equity); Incurring exploration expenditures of $250,000; and Issuing shares valued at $200,000 within 7 days of Regulatory Approval; and issuing additional shares valued at $200,000, or 2 million shares, whichever is greater, by the first anniversary of Regulatory Approval.
ORGN’s Market Performance
Origin Materials Inc (ORGN) has experienced a -2.38% fall in stock performance for the past week, with a -13.99% drop in the past month, and a 11.82% rise in the past quarter. The volatility ratio for the week is 4.44%, and the volatility levels for the past 30 days are at 4.83% for ORGN. The simple moving average for the last 20 days is -9.33% for ORGN stock, with a simple moving average of 23.01% for the last 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 -15.46% 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 -35.26% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 4.44%, as shares sank -16.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.99% lower at present.
During the last 5 trading sessions, ORGN fell by -2.38%, which changed the moving average for the period of 200-days by +98.77% in comparison to the 20-day moving average, which settled at $1.3565. In addition, Origin Materials Inc saw 47.09% 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 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
- -0.0 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 26.82 million with net debt to EBITDA at 10.57. When we switch over and look at the enterprise to sales, we see a ratio of 4.01. 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 wrap up, the performance of Origin Materials Inc (ORGN) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
