Origin Materials Inc. (NASDAQ:ORGN) has seen 0.84 million shares traded in the recent trading session. The company, currently valued at $1.08B, closed the recent trade at $7.72 per share which meant it gained $0.13 on the day or 1.78% during that session. The ORGN stock price is -81.48% off its 52-week high price of $14.01 and 33.68% above the 52-week low of $5.12. The 3-month trading volume is 2.15 million shares.
The consensus among analysts is that Origin Materials Inc. (ORGN) is an Overweight stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$5.36.
Origin Materials Inc. (NASDAQ:ORGN) trade information
Sporting 1.78% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the ORGN stock price touched $7.72 or saw a rise of 4.69%. Year-to-date, Origin Materials Inc. shares have moved -28.60%, while the 5-day performance has seen it change 7.81%. Over the past 30 days, the shares of Origin Materials Inc. (NASDAQ:ORGN) have changed 34.81%.
Wall Street analysts have a consensus price target for the stock at $21.00, which means that the shares’ value could jump 63.24% from the levels at last check today. The projected low price target is $20.00 while the price target rests at a high of $22.00. In that case, then, we find that the latest price level in today’s session is -184.97% off the targeted high while a plunge would see the stock gain -159.07% from the levels at last check today.
Origin Materials Inc. (ORGN) estimates and forecasts
The company’s shares have lost -28.93% over the past 6 months, compared to 23.70% for the industry.
Origin Materials Inc. is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Origin Materials Inc. (NASDAQ:ORGN)’s Major holders
Insiders own 21.78% of the company shares, while shares held by institutions stand at 23.29% with a share float percentage of 29.78%. Investors are also buoyed by the number of investors in a company, with Origin Materials Inc. having a total of 95 institutions that hold shares in the company. The top two institutional holders are Bnp Paribas Asset Management Holding S.a. with over 5.77 million shares worth more than $47.34 million. As of Jun 29, 2021, Bnp Paribas Asset Management Holding S.a. held 4.09% of shares outstanding.
The other major institutional holder is Capital World Investors, with the holding of over 2.5 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $20.5 million and represent 1.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity NASDAQ Composite Index Fund and ETF Series Solutions-Defiance Next Gen SPAC Derived ETF. As of Jun 29, 2021, the former fund manager holds about 0.05% shares in the company for having 70572.0 shares of worth $0.58 million while later fund manager owns 24138.0 shares of worth $0.2 million as of Jun 29, 2021, which makes it owner of about 0.02% of company’s outstanding stock.