In the latest trading session, 0.56 million Origin Materials Inc (NASDAQ:ORGN) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $1.50 changing hands around $0.12 or 8.41% at last look, the market valuation stands at $218.04M. ORGN’s current price is a discount, trading about -15.33% off its 52-week high of $1.73. The share price had its 52-week low at $0.44, which suggests the last value was 70.67% up since then. When we look at Origin Materials Inc’s average trading volume, we note the 10-day average is 1.15 million shares, with the 3-month average coming to 1.79 million.

Origin Materials Inc (NASDAQ:ORGN) trade information

Instantly ORGN is in green as seen in intraday trades today. With action 4.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 78.90%, with the 5-day performance at 4.62% in the green. However, in the 30-day time frame, Origin Materials Inc (NASDAQ:ORGN) is 62.61% up. Looking at the short shares, we see there were 4.19 million shares sold at short interest cover period of 4.43 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 50.0% from its recent market value. According to analyst projections, ORGN’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -100.0% plunge from its current level, while the stock would need to soar -100.0% for it to hit the projected low.

Origin Materials Inc (ORGN) estimates and forecasts

Data shows that the Origin Materials Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 174.24% over the past 6 months, a -45.16% in annual growth rate that is considerably lower than the industry average of -35.10%. Year-over-year growth is forecast to reach 8.50% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 8.3M. 1 analysts are of the opinion that Origin Materials Inc’s revenue for the current quarter will be 9.08M. The company’s revenue for the corresponding quarters a year ago was 7.14M and 13.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.20%. The estimates for the next quarter sales put growth at -30.50%.

The 2024 estimates are for Origin Materials Inc earnings to decrease by -38.56%.

ORGN Dividends

Origin Materials Inc is expected to release its next quarterly earnings report on 2024-Aug-14.

Origin Materials Inc (NASDAQ:ORGN)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 17.72% of Origin Materials Inc shares while 17.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.59%. There are 17.76% institutions holding the Origin Materials Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.0074% of the shares, roughly 5.68 million ORGN shares worth $5.12 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 1.744% or 2.47 million shares worth $2.23 million as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 3.38 shares estimated at $5.05 million under it, the former controlled 2.32% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.20% of the shares, roughly 1.74 shares worth around $2.61 million.