Origin Materials Inc (NASDAQ: ORGN) is 45.90% 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 $1.22 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.22, the stock is -0.69% and -12.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing 0.00% at the moment leaves the stock 18.29% off its SMA200. ORGN registered 53.50% gain for a year compared to 6-month gain of 0.83%. The firm has a 50-day simple moving average (SMA 50) of $1.3962 and a 200-day simple moving average (SMA200) of $1.027765.
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The stock witnessed a -11.59% loss in the last 1 month and extending the period to 3 months gives it a -18.12%, and is 18.45% 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 7.43% over the week and 6.77% over the month.
Origin Materials Inc (ORGN) has around 112 employees, a market worth around $178.43M and $35.12M in sales. Profit margin for the company is -229.52%. Distance from 52-week low is 175.89% and -35.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.11%).
The EPS is expected to shrink by -84.75% this year
106.0 institutions hold shares in Origin Materials Inc (ORGN), with institutional investors hold 21.54% of the company’s shares. The shares outstanding are 145.71M, and float is at 125.70M with Short Float at 4.80%. Institutions hold 17.70% 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 purchase by Riley Richard J., the company’s CO-CEO AND DIRECTOR. SEC filings show that Riley Richard J. bought 300,000 shares of the company’s common stock on Nov 20 ’24 at a price of $1.00 per share for a total of $0.3 million. Following the purchase, the insider now owns 0.75 million shares.
Origin Materials Inc disclosed in a document filed with the SEC on Nov 14 ’24 that Lee Joshua C. (General Counsel) sold a total of 8,784 shares of the company’s common stock. The trade occurred on Nov 14 ’24 and was made at $1.24 per share for $10906.0. Following the transaction, the insider now directly holds 0.48 million shares of the ORGN stock.
Still, SEC filings show that on Nov 14 ’24, Bissell John (Co-CEO and Director) disposed off 6,598 shares at an average price of $1.25 for $8260.0. The insider now directly holds 1,617,230 shares of Origin Materials Inc (ORGN).
