Origin Materials Inc (NASDAQ:ORGN)’s traded shares stood at 3.05 million during the last session, with the company’s beta value hitting 0.98. At the close of trading, the stock’s price was $1.09, to imply a decrease of -12.80% or -$0.16 in intraday trading. The ORGN share’s 52-week high remains $1.90, putting it -74.31% down since that peak but still an impressive 59.63% since price per share fell to its 52-week low of $0.44. The company has a valuation of $158.87M, with an average of 1.35 million shares in intraday trading volume over the past 10 days and average of 1.40 million shares over the past 3 months.
Origin Materials Inc (NASDAQ:ORGN) trade information
After registering a -12.80% downside in the last session, Origin Materials Inc (ORGN) has traded red over the past five days. The 5-day price performance for the stock is -16.15%, and -26.35% over 30 days. With these gigs, the year-to-date price performance is 30.35%. Short interest in Origin Materials Inc (NASDAQ:ORGN) saw shorts transact 3.9 million shares and set a 5.59 days time to cover.
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The extremes give us $3 and $3 for target low and target high price respectively. As such, ORGN has been trading -175.23% off suggested target high and -175.23% from its likely low.
Origin Materials Inc (ORGN) estimates and forecasts
Looking at statistics comparing Origin Materials Inc share performance against respective industry, we note that the company has outperformed competitors. Origin Materials Inc (ORGN) shares are 12.77% up over the last 6 months, with its year-to-date growth rate higher than industry average at -45.16% against -47.50%. The rating firms project that company’s revenue will grow 176.04% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 9.08M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 31.24M.Earnings reports from the last fiscal year show that sales brought in 13.06M and 28.8M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -30.51% before jumping 8.44% in the following quarter.
ORGN Dividends
Origin Materials Inc has its next earnings report out on 2024-Nov-14. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Origin Materials Inc (NASDAQ:ORGN)’s Major holders
Origin Materials Inc insiders hold 17.84% of total outstanding shares, with institutional holders owning 17.99% of the shares at 21.90% float percentage. In total, 17.99% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 5.68 million shares (or 4.0074% of shares), all amounting to roughly $5.12 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 2.47 million shares, or about 1.744% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.23 million.
