A share price of Origin Materials Inc [ORGN] is currently trading at $1.83, down -2.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ORGN shares have gain 18.06% over the last week, with a monthly amount glided 20.39%, and 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 16, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $3 from $1.35. Previously, Craig Hallum downgraded its rating to Hold on August 11, 2023, and kept the price target unchanged to $2. On October 14, 2022, Credit Suisse initiated with a Outperform rating and assigned a price target of $7 on the stock. BofA Securities upgraded its rating to a Buy. HSBC Securities initiated its recommendation with a Buy and recommended $15 as its price target on November 23, 2021. BofA Securities started tracking with a Neutral rating for this stock on October 05, 2021, and assigned it a price target of $8. In a note dated September 09, 2021, Goldman initiated an Neutral rating and provided a target price of $10 on this stock.
Origin Materials Inc experienced fluctuations in its stock price throughout the past year between $0.44 and $1.90. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Origin Materials Inc [NASDAQ: ORGN] shares were valued at $1.83 at the most recent close of the market. An investor can expect a potential return of 63.93% based on the average ORGN price forecast.
Analyzing the ORGN fundamentals
Trailing Twelve Months sales for Origin Materials Inc [NASDAQ:ORGN] were 34.06M which represents 1.96% growth. Gross Profit Margin for this corporation currently stands at -0.08% with Operating Profit Margin at -1.9%, Pretax Profit Margin comes in at -0.41%, and Net Profit Margin reading is -0.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.03 and Total Capital is -0.15. 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 1.7600 points at the first support level, and at 1.6900 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8900, and for the 2nd resistance point, it is at 1.9500.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Origin Materials Inc [NASDAQ:ORGN] is 13.57. As well, the Quick Ratio is 13.48, while the Cash Ratio is 4.68. Considering the valuation of this stock, the price to sales ratio is 7.83, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved Hickox John, Director, that happened on Aug 20 ’24 when 200.0 shares were sold. Director, Hickox John completed a deal on Aug 22 ’24 to sell 200.0 shares. Meanwhile, Director Heidenmark Cook Pia Johanna sold 4640.0 shares on Jun 25 ’24.
