During the last session, Origin Materials Inc (NASDAQ:ORGN)’s traded shares were 0.58 million, with the beta value of the company hitting 1.00. At the end of the trading day, the stock’s price was $1.42, reflecting an intraday loss of -2.07% or -$0.03. The 52-week high for the ORGN share is $1.90, that puts it down -33.8 from that peak though still a striking 69.01% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $206.96M, and the average intraday trading volume over the past 10 days was 0.73 million shares, and the average trade volume was 1.40 million shares over the past three months.

Origin Materials Inc (NASDAQ:ORGN) trade information

Origin Materials Inc (ORGN) registered a -2.07% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.07% in intraday trading to $1.42, hitting a weekly high. The stock’s 5-day price performance is -4.05%, and it has moved by -8.39% in 30 days. Based on these gigs, the overall price performance for the year is 21.37%. The short interest in Origin Materials Inc (NASDAQ:ORGN) is 3.42 million shares and it means that shorts have 2.38 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 52.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $3 respectively. As a result, ORGN is trading at a discount of -111.27% off the target high and -111.27% off the low.

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 up 129.92% during the last six months, with a year-to-date growth rate more than the industry average at -45.16% against -46.50. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -150.00% this quarter and then drop -57.10% in the quarter after that. In the rating firms’ projections, revenue will increase 8.50% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 8.3M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 9.08M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.14M and 13.06M respectively. In this case, analysts expect current quarter sales to grow by 16.20% and then drop by -30.50% in the coming quarter.

While earnings are projected to return -38.56% in 2024.

ORGN Dividends

Origin Materials Inc is due to release its next quarterly earnings on 2024-Aug-14. 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 17.92% of total outstanding shares while institutional holders control 17.94%, with the float percentage being 21.86%. VANGUARD GROUP INC is the largest shareholder of the company, while 124.0 institutions own stock in it. As of 2024-06-30, the company held over 5.68 million shares (or 4.0074% of all shares), a total value of $5.12 million in shares.

The next largest institutional holding, with 2.47 million shares, is of BLACKROCK INC.’s that is approximately 1.744% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.23 million.