Origin Materials Inc. (NASDAQ:ORGN) finished Wednesday with an addition of $0.01 to close at $4.33, an upside of 0.23 percent. An average of 1,729,320 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,130,925 shares traded, while the 50-day average volume stands at 1,348,960.
ORGN stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $3.74 on 07/10/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $3.64 and a high of $7.35 in 52 weeks. It has reached a new high 13 times so far this year and lost -6.07% or -$0.28 in price. In spite of this, the price is down -41.09% from the 52-week high.
Insider Transactions
ORGN stock investors should be aware that Origin Materials Inc. (ORGN) stock had its last reported insider trading activity 41 days ago on Jun 30. In this transaction, the insider spent $128,676. Director, Heidenmark Cook Pia Johanna, disposed of 4,633 shares at a price of $4.34 on Jun 30. The insider now owns more than $20,107 worth of shares. Prior to that, Co-CEO and Director Riley Richard J. went on to Sale 45,000 shares at $4.69 each on May 15. An amount of $211,122 was transacted.
Valuation Metrics
Origin Materials Inc. (ORGN) has a trailing price-to-earnings (P/E) ratio of 7.58. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 366.22, the price-to-book (PB) ratio at 1.54.
Financial Health
The quick ratio of Origin Materials Inc. for the three months ended March 30 was 18.40, and the current ratio was 18.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending March 30. Its gross profit as reported stood at $38.95 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Origin Materials Inc.’s return on assets was 16.50%.
Earnings Surprise
For the three-month period that ended March 30, Origin Materials Inc. had $176.97 million in cash and short-term investments compared to $5.19 million in total debt. The company posted a net income of $9.77 million in the quarter, while revenues of $15.99 million were grew 24.77%. The analyst consensus anticipated Origin Materials Inc.’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be $0.07, a 163.60% surprise. For the quarter, EBITDA amounted to -$11.83 million. Shareholders own equity worth $143.27 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Origin Materials Inc. (ORGN) price momentum. RSI 9-day as of the close on 09 August was 51.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 44.98%.
As of today, ORGN’s price is $4.32 +3.59% or $0.15 from its 5-day moving average. ORGN is currently trading +1.41% higher than its 20-day SMA and +6.65% higher than its 100-day SMA. However, the stock’s current price level is -0.69% below the SMA50 and -13.05% below the SMA200.
The stochastic %K and %D were 45.37% and 44.56%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 44.44% and the average true range at 0.19, the RSI (14) stands at 51.14%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Analyst Ratings
Credit Suisse launched coverage on Origin Materials Inc. (NASDAQ: ORGN) in its analyst report released on October 14, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Origin Materials Inc. (ORGN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ORGN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is ORGN’s price target for the next 12 months?
Analysts predict a range of price targets between $7.00 and $20.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Origin Materials Inc. (ORGN) stock is $12.60.
