In the latest trading session, 0.52 million Origin Materials Inc (NASDAQ:ORGN) shares changed hands as the company’s beta touched 1.01. With the company’s most recent per share price at $0.56 changed hands at -$0.01 or -0.97% at last look, the market valuation stands at $84.03M. ORGN’s current price is a discount, trading about -239.29% off its 52-week high of $1.90. The share price had its 52-week low at $0.42, which suggests the last value was 25.0% up since then. When we look at Origin Materials Inc’s average trading volume, we note the 10-day average is 1.36 million shares, with the 3-month average coming to 1.44 million.
Origin Materials Inc (NASDAQ:ORGN) trade information
Instantly ORGN was in red as seen in intraday trades today. With action -15.87%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -56.05%, with the 5-day performance at -15.87% in the red. However, in the 30-day time frame, Origin Materials Inc (NASDAQ:ORGN) is -30.63% down. Looking at the short shares, we see there were 7.28 million shares sold at short interest cover period of 3.92 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 81.33% from its recent market value. According to analyst projections, ORGN’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -435.71% plunge from its current level, while the stock would need to soar -435.71% for it to hit the projected low.
Origin Materials Inc (ORGN) estimates and forecasts
Year-over-year growth is forecast to reach 79.42% up from the last financial year.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.80%. The 2025 estimates are for Origin Materials Inc earnings to increase by 26.07%.
Origin Materials Inc (NASDAQ:ORGN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.24% of Origin Materials Inc shares while 17.92% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.53%. There are 17.92% institutions holding the Origin Materials Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.0074% of the shares, roughly 5.68 million ORGN shares worth $5.12 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 1.7296% or 2.47 million shares worth $2.23 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund. With 3.38 shares estimated at $1.93 million under it, the former controlled 2.26% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 1.17% of the shares, roughly 1.74 shares worth around $1.0 million.
