During the recent session, Origin Materials Inc (NASDAQ:ORGN)’s traded shares were 0.88 million, with the beta value of the company hitting 1.06. At the last check today, the stock’s price was $0.64, reflecting an intraday loss of -1.31% or -$0.01. The 52-week high for the ORGN share is $5.04, that puts it down -687.5 from that peak though still a striking 31.25% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $93.55M, and the average intraday trading volume over the past 10 days was 2.28 million shares, and the average trade volume was 1.76 million shares over the past three months.
Origin Materials Inc (NASDAQ:ORGN) trade information
Origin Materials Inc (ORGN) registered a -1.31% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.31% in intraday trading to $0.64, hitting a weekly high. The stock’s 5-day price performance is 25.71%, and it has moved by 18.55% in 30 days. Based on these gigs, the overall price performance for the year is -84.09%. The short interest in Origin Materials Inc (NASDAQ:ORGN) is 8.49 million shares and it means that shorts have 4.33 day(s) to cover.
Origin Materials Inc (ORGN) estimates and forecasts
Statistics show that Origin Materials Inc has outperformed its competitors in share price, compared to the industry in which it operates. Origin Materials Inc (ORGN) shares have gone down -43.27% during the last six months, with a year-to-date growth rate more than the industry average at -22.58% against -24.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -257.10% this quarter and then drop -120.00% in the quarter after that. In the rating firms’ projections, revenue will increase 4.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $6.29 million as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to $7.39 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.7 million and $7.03 million respectively. In this case, analysts expect current quarter sales to grow by 269.10% and then jump by 5.10% in the coming quarter.
ORGN Dividends
Origin Materials Inc is due to release its next quarterly earnings between May 06 and May 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Origin Materials Inc (NASDAQ:ORGN)’s Major holders
Origin Materials Inc insiders own 17.32% of total outstanding shares while institutional holders control 24.53%, with the float percentage being 29.67%. Blackrock Inc. is the largest shareholder of the company, while 132 institutions own stock in it. As of Jun 29, 2023, the company held over 7.79 million shares (or 5.43% of all shares), a total value of $33.17 million in shares.
The next largest institutional holding, with 6.55 million shares, is of BNP Paribas Asset Management Holding S.A.’s that is approximately 4.56% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $27.89 million.
Also, the Mutual Funds coming in first place with the largest holdings of Origin Materials Inc (ORGN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 3.03 million shares. This amounts to just over 2.11 percent of the company’s overall shares, with a $12.92 million market value. The same data shows that the other fund manager holds slightly less at 2.38 million, or about 1.66% of the stock, which is worth about $3.26 million.
