Daily Market Movement: Origin Materials Inc (ORGN) Sees a -6.12 Decrease, Closing at 0.90

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The closing price of Origin Materials Inc (NASDAQ: ORGN) was $0.90 for the day, down -6.12% from the previous closing price of $0.96. In other words, the price has decreased by -$6.12 from its previous closing price. On the day, 1.63 million shares were traded. ORGN stock price reached its highest trading level at $0.95 during the session, while it also had its lowest trading level at $0.89.

Ratios:

Our analysis of ORGN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.54 and its Current Ratio is at 12.61. In the meantime, Its Debt-to-Equity ratio is 0.03 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 20 ’24 when Heidenmark Cook Pia Johanna bought 34,000 shares for $0.97 per share. The transaction valued at 32,980 led to the insider holds 123,198 shares of the business.

Bissell John sold 40,000 shares of ORGN for $31,224 on Dec 13 ’23. The Co-CEO and Director now owns 1,173,828 shares after completing the transaction at $0.78 per share. On Dec 13 ’23, another insider, Lee Joshua C., who serves as the General Counsel of the company, sold 17,500 shares for $0.77 each. As a result, the insider received 13,556 and left with 261,194 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 132319800 and an Enterprise Value of 4097954. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.90 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 0.121 whereas that against EBITDA is -0.074.

Stock Price History:

Over the past 52 weeks, ORGN has reached a high of $4.75, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is -2.03%, while the 200-Day Moving Average is calculated to be 4.33%.

Shares Statistics:

ORGN traded an average of 2.10M shares per day over the past three months and 1579300 shares per day over the past ten days. A total of 145.71M shares are outstanding, with a floating share count of 123.18M. Insiders hold about 16.21% of the company’s shares, while institutions hold 22.65% stake in the company. Shares short for ORGN as of 1715731200 were 11738437 with a Short Ratio of 5.40, compared to 1713139200 on 8573041. Therefore, it implies a Short% of Shares Outstanding of 11738437 and a Short% of Float of 9.22.

Most Popular