Origin Materials Inc. (NASDAQ: ORGN): Overvalued Compared To Others? – Stocks Register
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Origin Materials Inc. (NASDAQ: ORGN): Overvalued Compared To Others?

Origin Materials Inc. (NASDAQ:ORGN) price on Wednesday, August 25, rose 2.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.83.

A look at the stock’s price movement, the close in the last trading session was $6.69, moving within a range at $6.58 and $6.8758. Turning to its 52-week performance, $14.01 and $5.12 were the 52-week high and 52-week low respectively. Overall, ORGN moved 7.39% over the past month.


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Origin Materials Inc.’s market cap currently stands at around $894.53 million. Analysts project the company’s earnings per share (EPS) to be -$5.36, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.76 and about -$0.3 for fiscal year 2022.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ORGN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

ORGN’s current price about 14.34% and -7.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.21, while 7-day volatility ratio is 7.28% and 8.40% in the 30-day chart. Further, Origin Materials Inc. (ORGN) has a beta value of 0, and an average true range (ATR) of 0.47.

In the market, a comparison of Origin Materials Inc. (ORGN) and its peers suggest the former has performed considerably stronger. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.

If we refocus on Origin Materials Inc. (NASDAQ:ORGN), historical trading data shows that trading volumes averaged 2.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 90.56 million shares.

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The 1.00% of Origin Materials Inc.’s shares are in the hands of company insiders while institutional holders own 23.30% of the company’s shares. Current price change has pushed the stock -35.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ORGN stock continues to rise going into the next quarter.

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