In today’s recent session, 1.67 million shares of the Origin Materials Inc (NASDAQ:ORGN) have been traded, and its beta is 0.95. Most recently the company’s share price was $1.00, and it changed around -$0.04 or -3.86% from the last close, which brings the market valuation of the company to $146.24M. ORGN at last check was trading at a discount to its 52-week high of $1.90, offering almost -90.0% off that amount. The share price’s 52-week low was $0.44, which indicates that the recent value has risen by an impressive 56.0% since then. We note from Origin Materials Inc’s average daily trading volume that its 10-day average is 1.51 million shares, with the 3-month average coming to 1.20 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 1 rate it as Overweight. Among the rest, 0 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.
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Origin Materials Inc (NASDAQ:ORGN) trade information
Instantly ORGN has been showing red trend so far today with a performance of -3.86% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2900 on recent trading dayincreased the stock’s daily price by 22.48%. The company’s shares are currently up 19.58% year-to-date, but still down -18.71% over the last five days. On the other hand, Origin Materials Inc (NASDAQ:ORGN) is -28.58% down in the 30-day period. We can see from the shorts that 3.9 million shares have been sold at a short interest cover period of 5.59 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 66.67% 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 3.71 percent over the past six months and at a -93.55% annual growth rate that is well below the industry average of -45.30%. The year-over-year growth rate is expected to be 80.25%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 9.08M in revenue for the current quarter. 1 analysts expect Origin Materials Inc to make 31.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.06M and 28.8M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -30.51%. Forecasts for the next quarter put sales growth at 8.10%.
ORGN Dividends
Origin Materials Inc’s next quarterly earnings report is expected to be released in December.
Origin Materials Inc (NASDAQ:ORGN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.82% of Origin Materials Inc shares, and 17.70% of them are in the hands of institutional investors. The stock currently has a share float of 21.54%. Origin Materials Inc stock is held by 106.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 3.38 shares worth $3.54 million, making up 2.31% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.74 shares worth around $1.83 million, which represents about 1.19% of the total shares outstanding.
