Origin Materials Inc (NASDAQ:ORGN) has a beta value of 1.19 and has seen 0.66 million shares traded in the recent trading session. The company, currently valued at $72.90M, closed the recent trade at $0.50 per share which meant it lost -$0.01 on the day or -2.29% during that session. The ORGN stock price is -908.0% off its 52-week high price of $5.04 and 4.0% above the 52-week low of $0.48. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.47 million shares traded. The 3-month trading volume is 1.60 million shares.
Origin Materials Inc (NASDAQ:ORGN) trade information
Sporting -2.29% in the red today, the stock has traded in the red over the last five days, when the ORGN stock price touched $0.50 or saw a rise of 10.71%. Year-to-date, Origin Materials Inc shares have moved -40.25%, while the 5-day performance has seen it change -8.41%. Over the past 30 days, the shares of Origin Materials Inc (NASDAQ:ORGN) have changed -8.65%. Short interest in the company has seen 8.0 million shares shorted with days to cover at 4.95.
Origin Materials Inc (ORGN) estimates and forecasts
The company’s shares have lost -65.78% over the past 6 months, compared to -11.50% for the industry. Revenue growth from the last financial year stood is estimated to be 4.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of $6.29 million for the current quarter. 2 have an estimated revenue figure of $7.39 million for the next quarter concluding in Jun 2024. Year-ago sales stood $1.7 million and $7.03 million respectively for this quarter and the next, and analysts expect sales will grow by 269.10% for the current quarter and 5.10% for the next.
ORGN Dividends
Origin Materials Inc is expected to release its next earnings report between May 06 and May 10 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 22.48% of the company shares, while shares held by institutions stand at 24.62% with a share float percentage of 31.76%. Investors are also buoyed by the number of investors in a company, with Origin Materials Inc having a total of 132 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 7.79 million shares worth more than $33.17 million. As of Jun 29, 2023, Blackrock Inc. held 5.43% of shares outstanding.
The other major institutional holder is BNP Paribas Asset Management Holding S.A., with the holding of over 6.55 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $27.89 million and represent 4.56% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 29, 2023, the former fund manager holds about 2.11% shares in the company for having 3.03 million shares of worth $12.92 million while later fund manager owns 2.38 million shares of worth $3.26 million as of Aug 30, 2023, which makes it owner of about 1.66% of company’s outstanding stock.
