Origin Materials Inc (NASDAQ: ORGN) is 21.98% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $4.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ORGN stock was last observed hovering at around $0.99 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.02, the stock is -0.30% and 7.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 3.04% at the moment leaves the stock 19.58% off its SMA200. ORGN registered -76.55% loss for a year compared to 6-month gain of 9.30%.
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The stock witnessed a 0.00% loss in the last 1 month and extending the period to 3 months gives it a 97.25%, and is 6.39% 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 7.25% over the week and 10.22% over the month.
Origin Materials Inc (ORGN) has around 112 employees, a market worth around $149.96M and $33.93M in sales. Profit margin for the company is 0.34%. Distance from 52-week low is 130.66% and -78.53% from its 52-week high. The company has generated returns on investments over the last 12 months (0.03%).
Origin Materials Inc quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $7.78M over the same period.The EPS is expected to shrink by -35.48% this year, but quarterly earnings will post 11.00% year-over-year. Quarterly sales are estimated to grow 10.70% in year-over-year returns.
The shares outstanding are 145.71M, and float is at 123.18M with Short Float at 9.22%.
Origin Materials Inc (ORGN) Insider Activity
The most recent transaction is an insider sale by Heidenmark Cook Pia Johanna, the company’s Director. SEC filings show that Heidenmark Cook Pia Johanna sold 4,640 shares of the company’s common stock on Jun 25 ’24 at a price of $0.98 per share for a total of $4568.0. Following the sale, the insider now owns 0.12 million shares.
Origin Materials Inc disclosed in a document filed with the SEC on May 20 ’24 that Heidenmark Cook Pia Johanna (Director) bought a total of 34,000 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $0.97 per share for $32980.0. Following the transaction, the insider now directly holds 0.12 million shares of the ORGN stock.
Still, SEC filings show that on Dec 13 ’23, Bissell John (Co-CEO and Director) disposed off 40,000 shares at an average price of $0.78 for $31224.0. The insider now directly holds 1,173,828 shares of Origin Materials Inc (ORGN).
