Origin Materials Inc (NASDAQ:ORGN) does about 1.81M shares in volume on a normal day but saw 1724371 shares change hands in the recent trading day. The company now has a market cap of 211.34M USD. Its current market price is $1.45, marking a decrease of -8.23% compared to the previous close of $1.58. The 52 week high reached by this stock is $1.73 whilst the lowest price level in 52 weeks is $0.44. The script in recent trading has seen the stock touch a high of $3 and a low of $3.
Origin Materials Inc (ORGN) has a 20-day trading average at $1.2523 and the current price is -16.13% off the 52-week high compared with 227.91% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0508 and its 200-day simple moving average is $0.8269. If we look at the stock’s price movements over the week, volatility stands at 12.25%, which decreases to 12.05% 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 58.91 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential upside of 63.75% over the period. The median price target is 51.67% away from the current levels at $3.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 16, 2024 when BofA Securities upgraded the stock to “Buy” and issued a price target of between $1.35 and $3. Craig Hallum downgraded the stock to “Hold” from Buy on August 11, 2023 at a price target of $2. Credit Suisse initiated its price target at $7.
The current price level is 18.89%, 39.45%, and 75.71% away from its SMA20, SMA50, and SMA200 respectively, with the ORGN price moving below the 50-day SMA on current market day. Origin Materials Inc (ORGN) stock is up 0.69% over the week and 71.82% over the past month. Its price is 73.40% year-to-date and 5.84% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/30/2024, with the company’s earnings per share (EPS) of 0.22 above consensus estimates by 0.35. The company’s next earnings report forecasts estimating quarterly EPS at -0.11 and -0.45 for whole year. Expected sales for next quarter are $9.08M, which analysts say will come at $31.24M for the current fiscal year and next year at $86.22M. In addition, estimates put the company’s current quarterly revenue at an average of $8.3M.
Its 12-month price target is $3. To reach the target analysts have set, the stock logically needs to grow 63.75 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.
Outstanding shares total 145.71M with insiders holding 17.72% of the shares and institutional holders owning 17.66% of the company’s common stock. The company has a return on investment of -3.24% and return on equity of -3.30%. The beta has a value of 1.01. Price to book ratio is 0.55 and price to sales ratio is 6.20.
