After finishing at $0.61 in the prior trading day, Origin Materials Inc (NASDAQ: ORGN) closed at $0.58, down -5.20%. In other words, the price has decreased by -$0.0317 from its previous closing price. On the day, 1320176 shares were traded. ORGN stock price reached its highest trading level at $0.6125 during the session, while it also had its lowest trading level at $0.5783.
Ratios:
Our goal is to gain a better understanding of ORGN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.48 and its Current Ratio is at 14.55. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On October 14, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’23 when Bissell John sold 40,000 shares for $0.78 per share. The transaction valued at 31,224 led to the insider holds 1,173,828 shares of the business.
Lee Joshua C. sold 17,500 shares of ORGN for $13,556 on Dec 13 ’23. The General Counsel now owns 261,194 shares after completing the transaction at $0.77 per share. On Nov 13 ’23, another insider, Lee Joshua C., who serves as the General Counsel of the company, sold 12,400 shares for $0.92 each. As a result, the insider received 11,353 and left with 278,694 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ORGN now has a Market Capitalization of 89.01M and an Enterprise Value of -59.49M. As of this moment, Origin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.93 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at -2.07 whereas that against EBITDA is -2.22.
Stock Price History:
Over the past 52 weeks, ORGN has reached a high of $5.04, while it has fallen to a 52-week low of $0.48. The 50-Day Moving Average of the stock is 0.6126, while the 200-Day Moving Average is calculated to be 1.8674.
Shares Statistics:
The stock has traded on average 1.61M shares per day over the past 3-months and 2.46M shares per day over the last 10 days, according to various share statistics. A total of 145.71M shares are outstanding, with a floating share count of 110.36M. Insiders hold about 24.37% of the company’s shares, while institutions hold 23.21% stake in the company. Shares short for ORGN as of Feb 15, 2024 were 7.65M with a Short Ratio of 4.75, compared to 5.3M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.25% and a Short% of Float of 7.35%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.13, while EPS last year was $0.07. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.13 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.51 and -$0.51 for the fiscal current year, implying an average EPS of -$0.51. EPS for the following year is -$0.19, with 1 analysts recommending between -$0.19 and -$0.19.
Revenue Estimates
1 analysts predict $6.1M in revenue for the current quarter. It ranges from a high estimate of $6.1M to a low estimate of $6.1M. As of the current estimate, Origin Materials Inc’s year-ago sales were $1.7M, an estimated increase of 258.00% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $7M, a decrease of -0.40% less than the figure of $258.00% in the same quarter last year. There is a high estimate of $7M for the next quarter, whereas the lowest estimate is $7M.
A total of 1 analysts have provided revenue estimates for ORGN’s current fiscal year. The highest revenue estimate was $28.4M, while the lowest revenue estimate was $28.4M, resulting in an average revenue estimate of $28.4M. In the same quarter a year ago, actual revenue was $28.8M, down -1.40% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $39.2M in the next fiscal year. The high estimate is $39.2M and the low estimate is $39.2M. The average revenue growth estimate for next year is up 38.00% from the average revenue estimate for this year.
