In the latest trading session, 0.45 million shares of the Origin Materials Inc (NASDAQ:ORGN) were traded, and its beta was 1.00. Most recently the company’s share price was $1.50, and it changed around -$0.05 or -3.23% from the last close, which brings the market valuation of the company to $218.62M. ORGN currently trades at a discount to its 52-week high of $1.73, offering almost -15.33% off that amount. The share price’s 52-week low was $0.44, which indicates that the current value has risen by an impressive 70.67% since then. We note from Origin Materials Inc’s average daily trading volume that its 10-day average is 1.09 million shares, with the 3-month average coming to 1.78 million.

Origin Materials Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended ORGN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Origin Materials Inc is expected to report earnings per share of -0.11 for the current quarter.

Origin Materials Inc (NASDAQ:ORGN) trade information

Instantly ORGN has showed a red trend with a performance of -3.23% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.6381 on recent trading dayincreased the stock’s daily price by 8.43%. The company’s shares are currently up 79.38% year-to-date, but still up 8.70% over the last five days. On the other hand, Origin Materials Inc (NASDAQ:ORGN) is 36.36% up in the 30-day period. We can see from the shorts that 3.16 million shares have been sold at a short interest cover period of 1.73 day(s).

The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 50.0% from its current value. Analyst projections state that ORGN is forecast to be at a low of $3 and a high of $3.

Origin Materials Inc (ORGN) estimates and forecasts

Origin Materials Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 186.31 percent over the past six months and at a -45.16% annual growth rate that is well below the industry average of -35.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -150.00% in revenue this quarter, and will report a decrease of -57.10% in the next quarter. The year-over-year growth rate is expected to be 8.50%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 8.3M in revenue for the current quarter. 1 analysts expect Origin Materials Inc to make 9.08M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.14M and 13.06M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.20%. Forecasts for the next quarter put sales growth at -30.50%.

ORGN Dividends

Origin Materials Inc’s next quarterly earnings report is expected to be released on 2024-Aug-14.

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

Upon looking at major shareholders, it appears that insiders hold 17.72% of Origin Materials Inc shares, and 17.76% of them are in the hands of institutional investors. The stock currently has a share float of 21.59%. Origin Materials Inc stock is held by 125.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 4.0074% of the shares, which is about 5.68 million shares worth $5.12 million.

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