Origin Materials Inc [ORGN] stock prices are up 10.58% to $1.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ORGN shares have gain 16.31% over the last week, with a monthly amount drifted -5.74%, 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 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.
The stock price of Origin Materials Inc [ORGN] has been fluctuating between $0.44 and $1.90 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. Origin Materials Inc [NASDAQ: ORGN] shares were valued at $1.15 at the most recent close of the market. An investor can expect a potential return of 160.87% based on the average ORGN price forecast.
Analyzing the ORGN fundamentals
The Origin Materials Inc [NASDAQ:ORGN] reported sales of 35.12M for trailing twelve months, representing a surge of 14.87%. Gross Profit Margin for this corporation currently stands at -0.02% with Operating Profit Margin at -2.42%, Pretax Profit Margin comes in at -2.32%, and Net Profit Margin reading is -2.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is -0.2 and Total Capital is -0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 1.0833 points at the first support level, and at 1.0167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2233, and for the 2nd resistance point, it is at 1.2967.
Ratios To Look Out For
It’s worth pointing out that Origin Materials Inc [NASDAQ:ORGN]’s Current Ratio is 16.27. Also, the Quick Ratio is 16.16, while the Cash Ratio stands at 6.49. Considering the valuation of this stock, the price to sales ratio is 4.74, the price to book ratio is 0.47.
Transactions by insiders
Recent insider trading involved Plavan Matthew T, Officer, that happened on Dec 27 ’24 when 24500.0 shares were purchased. Officer, Lee Joshua C. completed a deal on Dec 27 ’24 to buy 25000.0 shares. Meanwhile, Officer Bissell John bought 55000.0 shares on Dec 27 ’24.
