In the past week, ORGN stock has gone up by 18.45%, with a monthly decline of -11.59% and a quarterly plunge of -18.12%. The volatility ratio for the week is 7.43%, and the volatility levels for the last 30 days are 6.77% for Origin Materials Inc The simple moving average for the past 20 days is -0.69% for ORGN’s stock, with a 18.29% 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 also noteworthy at 0.95. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 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 125.70M, and at present, short sellers hold a 4.80% of that float. The average trading volume of ORGN on November 28, 2024 was 1.21M shares.
ORGN) stock’s latest price update
Origin Materials Inc (NASDAQ: ORGN) has seen a decline in its stock price by 0.00 in relation to its previous close of 1.22. However, the company has experienced a 18.45% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-26 that Vancouver, British Columbia–(Newsfile Corp. – November 26, 2024) – Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the “Company” or “Origen”) is pleased to announce results from the recent Wishbone Project sampling program completed by Dr. Thomas Hawkins and the Origen field team. Result Highlights 165 g/t gold sampled along the eastern edge of the Central Glacier.
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 -12.08% 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 -35.79% of loss for the given period.
Volatility was left at 6.77%, however, over the last 30 days, the volatility rate increased by 7.43%, as shares sank -12.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.06% lower at present.
During the last 5 trading sessions, ORGN rose by +18.45%, which changed the moving average for the period of 200-days by +149.23% in comparison to the 20-day moving average, which settled at $1.2285. In addition, Origin Materials Inc saw 45.90% 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 Riley Richard J., who purchase 300,000 shares at the price of $1.00 back on Nov 20 ’24. After this action, Riley Richard J. now owns 749,083 shares of Origin Materials Inc, valued at $300,000 using the latest closing price.
Lee Joshua C., the General Counsel of Origin Materials Inc, sale 8,784 shares at $1.24 during a trade that took place back on Nov 14 ’24, which means that Lee Joshua C. is holding 477,410 shares at $10,906 based on the most recent closing price.
Stock Fundamentals for ORGN
Current profitability levels for the company are sitting at:
- -2.42 for the present operating margin
- -0.02 for the gross margin
The net margin for Origin Materials Inc stands at -2.3. The total capital return value is set at -0.22. Equity return is now at value -20.59, with -18.52 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 -10.17. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -236.99.
Currently, EBITDA for the company is 26.82 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 3.75. The receivables turnover for the company is 1.52for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.27.
Conclusion
In summary, Origin Materials Inc (ORGN) has had a mixed performance as of late. Analysts have bullish 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.
