Origin Materials Inc [ORGN] stock is trading at $1.00, up 2.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ORGN shares have gain 20.27% over the last week, with a monthly amount drifted -3.21%, and not seem to be holding up well over a long-time horizon.
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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.
Origin Materials Inc [ORGN] stock has fluctuated between $0.44 and $4.53 over the past year. Origin Materials Inc [NASDAQ: ORGN] shares were valued at $1.00 at the most recent close of the market.
Analyzing the ORGN fundamentals
Origin Materials Inc [NASDAQ:ORGN] reported sales of 33.93M for the trailing twelve months, which represents a growth of 300.53%. Gross Profit Margin for this corporation currently stands at -0.01% with Operating Profit Margin at -1.79%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 0.9518 points at the first support level, and at 0.9067 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0310, and for the 2nd resistance point, it is at 1.0651.
Ratios To Look Out For
For context, Origin Materials Inc’s Current Ratio is 12.61. Further, the Quick Ratio stands at 12.54, while the Cash Ratio is 5.4. Considering the valuation of this stock, the price to sales ratio is 4.32, the price to book ratio is 0.36.
Transactions by insiders
Recent insider trading involved Heidenmark Cook Pia Johanna, Director, that happened on Jun 25 ’24 when 4640.0 shares were sold. Director, Heidenmark Cook Pia Johanna completed a deal on May 20 ’24 to buy 34000.0 shares. Meanwhile, Co-CEO and Director Bissell John sold 40000.0 shares on Dec 13 ’23.
