Origin Materials Inc (NASDAQ: ORGN) is -3.46% lower on its value in year-to-date trading and has touched a low of $0.44 and a high of $5.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ORGN stock was last observed hovering at around $0.81 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.81, the stock is 19.66% and 36.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -0.27% at the moment leaves the stock -32.14% off its SMA200. ORGN registered -79.41% loss for a year compared to 6-month loss of -19.12%.
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The stock witnessed a 63.49% gain in the last 1 month and extending the period to 3 months gives it a 36.83%, and is 8.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.21% over the week and 14.67% over the month.
Origin Materials Inc (ORGN) has around 112 employees, a market worth around $117.80M and $28.80M in sales. Current P/E ratio is 4.90. Profit margin for the company is 82.62%. Distance from 52-week low is 82.56% and -83.98% from its 52-week high. The company has generated returns on investments over the last 12 months (5.53%).
The EPS is expected to shrink by -17.01% this year
The shares outstanding are 145.71M, and float is at 123.06M with Short Float at 6.97%.
Origin Materials Inc (ORGN) Insider Activity
The most recent transaction is an insider sale by Bissell John, the company’s Co-CEO and Director. SEC filings show that Bissell John sold 40,000 shares of the company’s common stock on Dec 13 ’23 at a price of $0.78 per share for a total of $31224.0. Following the sale, the insider now owns 1.17 million shares.
Origin Materials Inc disclosed in a document filed with the SEC on Dec 13 ’23 that Lee Joshua C. (General Counsel) sold a total of 17,500 shares of the company’s common stock. The trade occurred on Dec 13 ’23 and was made at $0.77 per share for $13556.0. Following the transaction, the insider now directly holds 0.26 million shares of the ORGN stock.
Still, SEC filings show that on Nov 13 ’23, Lee Joshua C. (General Counsel) disposed off 12,400 shares at an average price of $0.92 for $11353.0. The insider now directly holds 278,694 shares of Origin Materials Inc (ORGN).
