Origin Materials Inc (NASDAQ:ORGN) does about 1.97M shares in volume on a normal day but saw 6689381 shares change hands in Friday trading. The company now has a market cap of 166.35M USD. Its current market price is $1.14, marking an increase of 14.19% compared to the previous close of $1.00. The 52 week high reached by this stock is $5.04 whilst the lowest price level in 52 weeks is $0.44.
Origin Materials Inc (ORGN) has a 20-day trading average at $0.7207 and the current price is -77.38% off the 52-week high compared with 157.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6191 and its 200-day simple moving average is $1.1391. If we look at the stock’s price movements over the week, volatility stands at 14.48%, which decreases to 14.10% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 80.67 to suggest the stock is overbought.
The consensus objective for the share price is $2.98, suggesting that the stock has a potential upside of 61.74% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 11, 2023 when Craig Hallum downgraded the stock to “Hold” and issued a price target of $2.
Origin Materials Inc (ORGN) stock is up 61.82% over the week and 75.49% over the past month. Its price is 36.33% year-to-date and -71.43% over the past year.
To reach the target analysts have set, the stock logically needs to grow 61.74 percent from here.
The company has a return on investment of 5.53% and return on equity of 5.95%. The price to earnings ratio (P/E ratio) amounts to 6.92. The beta has a value of 0.81. Price to book ratio is 0.39 and price to sales ratio is 5.78.
