Origin Materials Inc (ORGN) Reports -81.70% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

money audit

Origin Materials Inc (NASDAQ:ORGN) does about 2.31M shares in volume on a normal day but saw 1182006 shares change hands in Friday trading. The company now has a market cap of 121.86M USD. Its current market price is $0.83, marking an increase of 5.98% compared to the previous close of $0.78. The 52 week high reached by this stock is $4.53 whilst the lowest price level in 52 weeks is $0.44.

Origin Materials Inc (ORGN) has a 20-day trading average at $0.9409 and the current price is -81.70% off the 52-week high compared with 87.45% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9710 and its 200-day simple moving average is $0.8342. If we look at the stock’s price movements over the week, volatility stands at 13.76%, which decreases to 9.86% 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 41.84 to suggest the stock is neutral.

The consensus objective for the share price is $3.17, suggesting that the stock has a potential upside of 73.82% over the period.

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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 down -18.74% over the week and -24.65% over the past month. Its price is -0.87% year-to-date and -80.07% over the past year.

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To reach the target analysts have set, the stock logically needs to grow 73.82 percent from here.

The company has a return on investment of 0.03% and return on equity of 0.03%. The beta has a value of 0.92. Price to book ratio is 0.30 and price to sales ratio is 3.59.

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