Looking at the stock we see that its previous close was $1.24 and the beta (5Y monthly) reads 1.01 with the day’s price range being $1.205 – $1.255. In terms of its 52-week price range, ORGN has a high of $1.90 and a low of $0.44. The company’s stock has lost about -13.89% over that past 30 days.
Origin Materials Inc has a market cap of $188.97 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.11, with the EPS growth for the year raised at -0.6 for current year and -0.6 for next year.
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Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 9.08M, with a low of 9.08M and a high of 9.08M. The median projection represents growth adding up to -30.51% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 31.14M, or 8.10% up from figures reported last year.
On the other hand, looking at the outlook for the ORGN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy.
Looking further, we note the current price level is -0.40% off its SMA20 and -11.71% from its 50-day simple moving average. The RSI (14) is pointing at 47.37 while the volatility over the past week is 9.31% and jumps to 6.86% over the past one month. The beta value is 0.97, while the average true range (ATR) is currently pointing at 0.09. The average price target for the stock over the next 12 months is $3, with the estimates having a low of $3 and a high of $3. These price ends are -141.94% and -141.94% off the current price level respectively, although investors could be excited at the prospect of a -141.94% if the ORGN share price touches on the median price of $3.
Coming back to Origin Materials Inc (NASDAQ:ORGN), we note that the average 3-month trading volume was 1.23 million, while that of the preceding 10-day period stands at 2.07 million. Current shares outstanding are 145.71 million.
The insiders hold 14.05% of the company’s shares while institutions hold 16.60%. The data shows that short shares as of 2024-10-31, stood at 3.9 million at a short ratio of 5.59. This represents a 309.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 3.42 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 48.29% up in year-to-date price movement.
