As of Thursday close, Origin Materials Inc.’s (NASDAQ:ORGN) stock was up $0.12, moving up 9.45 percent to $1.39. The average number of shares traded per day over the past five days has been 7,969,660 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0650 fall in that time frame. In the last twenty days, the average volume was 5,179,905, while in the previous 50 days, it was 3,004,724.
Since last month, ORGN stock retreated -68.55%. Shares of the company fell to $1.1800 on 08/11/23, the lowest level in the past month. A 52-week high of $6.96 was reached on 02/06/23 after having rallying from a 52-week low of $1.18. Since the beginning of this year, ORGN’s stock price has dropped by -69.85% or -$3.2200, and marked a new high 13 times. However, the stock has declined by -80.03% since its 52-week high.
ORGN stock investors should be aware that Origin Materials Inc. (ORGN) stock had its last reported insider trading activity 3 days ago on Aug 15. RICHARDSON KAREN A, the Director of the company, purchased of 146,288 shares for $1.37 on Aug 15. It resulted in a $200,005 investment by the insider. Bissell John sold 30,000 shares at an average price of $4.29 on Jun 30. The insider now owns 1,223,328 shares following the transaction. On Jun 30, Director Heidenmark Cook Pia Johanna sold 4,633 shares at $4.34 apiece. The transaction was valued at $20,107.
Valuation Metrics
Right now, Origin Materials Inc. (ORGN) has a P/E ratio of about 2.43. The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 139.87, the price-to-book (PB) ratio of 0.49.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.
Financial Health
In the three months ended June 29, Origin Materials Inc.’s quick ratio stood at 19.40, while its current ratio was 19.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is 43.70% percent. Based on annual data, ORGN earned $38.95 million in gross profit.
In Origin Materials Inc.’s quarter-end financial report for June 29, it reported total debt of $5.19 million against cash and short-term investments of $152.17 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ORGN’s revenue rose 100.0% to $1.7 million during the quarter, while net income inched up to $6.9 million. While analysts expected Origin Materials Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 58.30%. During the quarter, the company generated -$13.5 million in EBITDA. The liabilities of Origin Materials Inc. were 84.2 million at the end of its most recent quarter ended June 29, and its total debt was $12.86 million. The value of shareholders’ equity is $143.52 million.
Technical Picture
This quick technical analysis looks at Origin Materials Inc.’s (ORGN) price momentum. With a historical volatility rate of 550.14%, the RSI 9-day stood at 18.08% on 17 August.
With respect to its five-day moving average, the current Origin Materials Inc. price is down by -4.47% percent or -$0.0650. At present, ORGN shares trade -68.90% below its 20-day simple moving average and -64.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -70.86% below its SMA50 and -75.35% below its SMA200.
Stochastic coefficient K was 4.98% and Stochastic coefficient D was 5.01%, while ATR was 0.3644. Given the Stochastic reading of 6.27% for the 14-day period, the RSI (14) reading has been calculated as 20.81%. As of today, the MACD Oscillator reading stands at -1.0017, while the 14-day reading stands at -1.7094.
Analyst Ratings
Origin Materials Inc. downgraded its rating on Origin Materials Inc. (NASDAQ: ORGN) to a Hold in a note to investors on August 11, 2023. The analysts firm previously had a Buy rating on the stock.Origin Materials Inc. (ORGN) has been rated Overweight by analysts. According to 0 brokerage firms, ORGN is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Origin Materials Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $10.00. Based on these forecasts, analysts predict Origin Materials Inc. (ORGN) will achieve an average price target of $4.40.
