Is Origin Materials Inc (NASDAQ:ORGN), -137.5% Away From High, Poised For A Strong Comeback?

In recent trading session, Origin Materials Inc (NASDAQ:ORGN) saw 0.8 million shares changing hands at last check today with its beta currently measuring 0.87. Company’s recent per share price level of $0.80 trading at -$0.05 or -5.76% at last check today assigns it a market valuation of $117.14M. That most recent trading price of ORGN’s stock is at a discount of -137.5% from its 52-week high price of $1.90 and is indicating a premium of 45.0% 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 1.0 million shares which gives us an average trading volume of 1.54 million if we extend that period to 3-months.

Origin Materials Inc (NASDAQ:ORGN) trade information

Upright in the red during last session for losing -5.76%, in the last five days ORGN remained trading in the red while hitting it’s week-highest on Friday, 03/14/25 when the stock touched $0.80 price level, adding 11.11% to its value on the day. Origin Materials Inc’s shares saw a change of -37.42% in year-to-date performance and have moved -2.13% in past 5-day. Origin Materials Inc (NASDAQ:ORGN) showed a performance of -3.55% in past 30-days. Number of shares sold short was 7.19 million shares which calculate 3.96 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 73.33% to its recent value today. 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 -275.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -275.0% for stock’s current value.

Origin Materials Inc (NASDAQ:ORGN)’s Major holders

Insiders are in possession of 8.43% of company’s total shares while institution are holding 18.38 percent of that, with stock having share float percentage of 20.07%. Investors also watch the number of corporate investors in a company very closely, which is 18.38% 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 Dec 31, 2024, the former fund manager was holding 3.38 shares of worth $2.73 million or 2.31% of the total outstanding shares. The later fund manager was in possession of 1.74 shares on Dec 31, 2024, making its stake of worth around $1.41 million in the company or a holder of 1.19% of company’s stock.