In last trading session, Origin Materials Inc (NASDAQ:ORGN) saw 0.58 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $1.23 trading at $0.01 or 0.83% at ring of the bell on the day assigns it a market valuation of $179.91M. That closing price of ORGN’s stock is at a discount of -54.47% from its 52-week high price of $1.90 and is indicating a premium of 64.23% from its 52-week low price of $0.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.8 million shares which gives us an average trading volume of 1.20 million if we extend that period to 3-months.
Origin Materials Inc (NASDAQ:ORGN) trade information
Upright in the green during last session for gaining 0.83%, in the last five days ORGN remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $1.23 price level, adding 2.38% to its value on the day. Origin Materials Inc’s shares saw a change of 47.11% in year-to-date performance and have moved 3.37% in past 5-day. Origin Materials Inc (NASDAQ:ORGN) showed a performance of -11.50% in past 30-days. Number of shares sold short was 3.9 million shares which calculate 5.59 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 59.0% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would drop -143.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -143.9% for stock’s current value.
Origin Materials Inc (ORGN) estimates and forecasts
Statistics highlight that Origin Materials Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 6.04% of value to its shares in past 6 months, showing an annual growth rate of -93.55% while that of industry is -45.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 8.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.08M for the same.
Origin Materials Inc (NASDAQ:ORGN)’s Major holders
Insiders are in possession of 17.82% of company’s total shares while institution are holding 17.70 percent of that, with stock having share float percentage of 21.54%. Investors also watch the number of corporate investors in a company very closely, which is 17.70% institutions for Origin Materials Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at ORGN for having 5.68 million shares of worth $5.12 million. And as of 2024-06-30, it was holding 4.0074 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 2.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.744 of outstanding shares, having a total worth of $2.23 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.38 shares of worth $4.19 million or 2.31% of the total outstanding shares. The later fund manager was in possession of 1.74 shares on Jun 30, 2024 , making its stake of worth around $2.16 million in the company or a holder of 1.19% of company’s stock.