The stock of Origin Materials Inc. (NASDAQ:ORGN) increased by $0.04 on Tuesday to finish at $1.40, up 2.94 percent. The last five days have seen an average of 1,683,000 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$3.2100. The average number of shares traded over the last 20 days was 5,630,500, while the average volume over the last 50 days totaled 3,124,912.
ORGN stock dropped -68.75% since last month. On 08/11/23, the company’s shares reached a one-month low of $1.1800. The stock touched a high of $6.37 on 02/06/23, after rallying from a low of $1.18 in 52 weeks. The price of ORGN stock has declined by -69.63% or -$3.2100 this year, reaching a new high 13 times. Still, the stock price is down -78.02% 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 15 days ago on Aug 15. On Aug 15, Director RICHARDSON KAREN A acquired 146,288 shares at $1.37 each. This transaction resulted in the insider spending $200,005. On Jun 30, Bissell John sold 30,000 shares at a price of US$4.29. After the transaction, the insider now owns 1,223,328 shares. Director Heidenmark Cook Pia Johanna had earlier sold 4,633 shares on Jun 30 for $4.34 a share. The transaction was completed for $20,107.
Valuation Metrics
Origin Materials Inc. (ORGN) has a trailing price-to-earnings (P/E) ratio of 7.18. Beta for the stock is 1.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 23.54, the price-to-book (PB) ratio of 0.50.
Company paid $0.08 per share in dividends, remained unchanged from $0.08 last year.
Financial Health
For the three months ended June 29, Origin Materials Inc.’s quick ratio was 19.40, while its current ratio was 19.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is 9.60% percent. Based on annual data, it had gross profit of $38.95 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ORGN’s return on assets (ROA) during the last 12 months has been 5.70%. In the meantime, the return on equity (ROE) for the last 12 months was 7.30%.
Earnings Surprise
According to Origin Materials Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.9 million, while revenues rose by 100.0% to $1.7 million. It was predicted that Origin Materials Inc.’s quarterly earnings would be -$0.05, but it ended up being -$0.12, beating the consensus by 58.30%. EBITDA was -$13.5 million for the quarter. At the end of Origin Materials Inc.’s most recent quarter ended June 29, its liabilities totaled 84.2 million, while its total debt was $12.86 million. Equity owned by shareholders amounts to $143.52 million.
Technical Picture
Here’s a quick look at Origin Materials Inc.’s (ORGN) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 22.57%, suggesting the stock is oversold, with a 52.45% historical volatility rate.
The stochastic %K and %D were 14.46% and 8.43% respectively, while the average true range (ATR) was 0.1945. Based on the 14-day stochastic reading of 32.84%, the RSI (14) reading is 23.27%. On the 9-day MACD Oscillator, the stock is at -0.0167.
Analyst Ratings
Origin Materials Inc. (NASDAQ: ORGN) was downgraded by Craig Hallum to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Origin Materials Inc. (ORGN) an Overweight rating. ORGN is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is ORGN’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $10.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Origin Materials Inc. (ORGN) is $4.40.
