Origin Materials Inc (NASDAQ: ORGN) is 74.60% higher on its value in year-to-date trading and has touched a low of $0.44 and a high of $1.90 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 $1.47 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.46, the stock is -6.20% and 11.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -0.68% at the moment leaves the stock 61.81% off its SMA200. ORGN registered 26.96% gain for a year compared to 6-month gain of 124.75%. The firm has a 50-day simple moving average (SMA 50) of $1.32354 and a 200-day simple moving average (SMA200) of $0.90551.
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The stock witnessed a 2.10% loss in the last 1 month and extending the period to 3 months gives it a 76.14%, and is -5.81% down 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 6.25% over the week and 8.27% over the month.
Origin Materials Inc (ORGN) has around 112 employees, a market worth around $212.80M and $34.06M in sales. Profit margin for the company is -37.93%. Distance from 52-week low is 230.17% and -23.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.24%).
The EPS is expected to shrink by -38.56% this year
124.0 institutions hold shares in Origin Materials Inc (ORGN), with institutional investors hold 21.85% of the company’s shares. The shares outstanding are 145.71M, and float is at 126.90M with Short Float at 2.61%. Institutions hold 17.94% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.68 million shares valued at $5.12 million. The investor’s holdings represent 4.0074 of the ORGN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.47 million shares valued at $2.23 million to account for 1.744 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 2.4 million shares representing 1.6954 and valued at over $2.17 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.9862 of the shares totaling 1.4 million with a market value of $1.26 million.
Origin Materials Inc (ORGN) Insider Activity
The most recent transaction is an insider sale by Hickox John, the company’s Director. SEC filings show that Hickox John sold 200 shares of the company’s common stock on Aug 20 ’24 at a price of $1.59 per share for a total of $318.0. Following the sale, the insider now owns 0.53 million shares.
Origin Materials Inc disclosed in a document filed with the SEC on Aug 22 ’24 that Hickox John (Director) sold a total of 200 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $1.44 per share for $288.0. Following the transaction, the insider now directly holds 0.53 million shares of the ORGN stock.
Still, SEC filings show that on Jun 25 ’24, Heidenmark Cook Pia Johanna (Director) disposed off 4,640 shares at an average price of $0.98 for $4568.0. The insider now directly holds 118,558 shares of Origin Materials Inc (ORGN).
