Origin Materials Inc (NASDAQ: ORGN) is -16.41% lower 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 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 $1.06 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.07, the stock is -2.67% and -7.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.94% at the moment leaves the stock -5.30% off its SMA200. ORGN registered 68.58% gain for a year compared to 6-month gain of 10.07%. The firm has a 50-day simple moving average (SMA 50) of $1.15852 and a 200-day simple moving average (SMA200) of $1.12991.
The stock witnessed a -4.46% loss in the last 1 month and extending the period to 3 months gives it a -27.21%, and is -6.96% 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 5.46% over the week and 7.28% over the month.
Origin Materials Inc (ORGN) has around 112 employees, a market worth around $156.49M and $35.12M in sales. Profit margin for the company is -229.52%. Distance from 52-week low is 141.97% and -43.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.11%).
with sales reaching $9.08M over the same period.The EPS is expected to shrink by -84.75% this year, but quarterly earnings will post 8.10% year-over-year. Quarterly sales are estimated to shrink -30.51% in year-over-year returns.
Origin Materials Inc (ORGN) Top Institutional Holders
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 145.89M, and float is at 125.01M with Short Float at 4.59%. 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 sale by Lee Joshua C., the company’s General Counsel. SEC filings show that Lee Joshua C. sold 1,400 shares of the company’s common stock on Jan 02 ’25 at a price of $1.20 per share for a total of $1673.0. Following the sale, the insider now owns 0.63 million shares.
Still, SEC filings show that on Dec 27 ’24, Plavan Matthew T (CFO and COO) disposed off 24,500 shares at an average price of $1.02 for $25110.0. The insider now directly holds 1,439,588 shares of Origin Materials Inc (ORGN).
