Origin Materials Inc (NASDAQ:ORGN) has a beta value of 1.01 and has seen 1.67 million shares traded in the last trading session. The company, currently valued at $186.75M, closed the last trade at $1.30 per share which meant it lost -$0.07 on the day or -5.11% during that session. The ORGN stock price is -46.15% off its 52-week high price of $1.90 and 66.15% above the 52-week low of $0.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.66 million shares traded. The 3-month trading volume is 1.34 million shares.
Origin Materials Inc (NASDAQ:ORGN) trade information
Sporting -5.11% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ORGN stock price touched $1.30 or saw a rise of 9.72%. Year-to-date, Origin Materials Inc shares have moved 55.47%, while the 5-day performance has seen it change -9.09%. Over the past 30 days, the shares of Origin Materials Inc (NASDAQ:ORGN) have changed -12.16%. Short interest in the company has seen 3.45 million shares shorted with days to cover at 2.8.
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Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 56.67% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -130.77% off the targeted high while a plunge would see the stock gain -130.77% from current levels.
Origin Materials Inc (ORGN) estimates and forecasts
Figures show that Origin Materials Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 38.93% over the past 6 months, with this year growth rate of -45.16%, compared to -47.50% for the industry. Revenue growth from the last financial year stood is estimated to be 8.50%.
1 analysts offering their estimates for the company have set an average revenue estimate of 8.3M for the current quarter. 1 have an estimated revenue figure of 9.08M for the next ending quarter. Year-ago sales stood 7.14M and 13.06M respectively for this quarter and the next, and analysts expect sales will grow by 16.20% for the current quarter and 8.50% for the next.
ORGN Dividends
Origin Materials Inc is expected to release its next earnings report in December 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 17.92% of the company shares, while shares held by institutions stand at 17.94% with a share float percentage of 21.86%. Investors are also buoyed by the number of investors in a company, with Origin Materials Inc having a total of 120.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 5.68 million shares worth more than $5.12 million. As of 2024-06-30, VANGUARD GROUP INC held 4.0074% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 2.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.23 million and represent 1.744% of shares outstanding.
