At the time of writing, Origin Materials Inc [ORGN] stock is trading at $0.66, up 18.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The ORGN shares have gain 26.74% over the last week, with a monthly amount glided 2.84%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Origin Materials Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call. In a post published today on Yahoo Finance, Origin Materials, Inc. (“Origin,” “Origin Materials,” or “the Company”) (Nasdaq: ORGN, ORGNW), today announced that it will release its fourth quarter 2023 results after market close on Thursday, February 29, 2024, to be followed by a conference call at 5:00 p.m. Eastern Time on the same day.
From an analyst’s perspective:
Origin Materials Inc [NASDAQ: ORGN] stock has seen the most recent analyst activity on August 11, 2023, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $2 for it. Previously, Credit Suisse started tracking the stock with Outperform rating on October 14, 2022, and set its price target to $7. On January 06, 2022, upgrade upgraded it’s rating to Buy. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $15 on November 23, 2021. BofA Securities initiated its recommendation with a Neutral and recommended $8 as its price target on October 05, 2021. Goldman started tracking with a Neutral rating for this stock on September 09, 2021, and assigned it a price target of $10. In a note dated July 21, 2021, Raymond James initiated an Mkt Perform rating.
For the past year, the stock price of Origin Materials Inc fluctuated between $0.48 and $5.19. Origin Materials Inc [NASDAQ: ORGN] shares were valued at $0.66 at the most recent close of the market.
Analyzing the ORGN fundamentals
Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5872 points at the first support level, and at 0.5148 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7050, and for the 2nd resistance point, it is at 0.7504.
Origin Materials Inc [ORGN] reported earnings per share of $0.22 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.35 and a surprise factor of 269.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.05 per share as compared to estimates of -$0.12 per share, a difference of $0.07 representing a surprise of 58.30%.
Ratios To Look Out For
It is important to note that Origin Materials Inc [NASDAQ:ORGN] has a current ratio of 12.50. On the other hand, the Quick Ratio is 12.45, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 6.05, the price to book ratio is 0.22 and price to earnings (TTM) ratio is 1.88.
Transactions by insiders
Recent insider trading involved Bissell John, Co-CEO and Director, that happened on Dec 13 when 40000.0 shares were sold. General Counsel, Lee Joshua C. completed a deal on Dec 13 to sell 17500.0 shares. Meanwhile, General Counsel Lee Joshua C. sold 12400.0 shares on Nov 13.
