The price of Origin Materials Inc (NASDAQ: ORGN) closed at $0.71 in the last session, up 7.05% from day before closing price of $0.66. In other words, the price has increased by $+0.0467 from its previous closing price. On the day, 1254681 shares were traded.
Ratios:
We take a closer look at ORGN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 103.85M and an Enterprise Value of -44.65M. As of this moment, Origin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.59 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at -1.55 whereas that against EBITDA is -1.66.
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 $0.44. The 50-Day Moving Average of the stock is 0.5535, while the 200-Day Moving Average is calculated to be 1.4503.
Shares Statistics:
According to the various share statistics, ORGN traded on average about 1.83M shares per day over the past 3-months and 2.91M shares per day over the past 10 days. A total of 145.71M shares are outstanding, with a floating share count of 122.80M. Insiders hold about 15.85% of the company’s shares, while institutions hold 23.21% stake in the company. Shares short for ORGN as of Mar 15, 2024 were 8.49M with a Short Ratio of 4.65, compared to 7.65M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.82% and a Short% of Float of 8.14%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.13, while EPS last year was $0.07. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.1 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.39 and -$0.51 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.26, with 2 analysts recommending between -$0.19 and -$0.34.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $6.29M. It ranges from a high estimate of $6.48M 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 269.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $7.39M, an increase of 5.10% less than the figure of $269.10% in the same quarter last year. There is a high estimate of $7.78M for the next quarter, whereas the lowest estimate is $7M.
A total of 2 analysts have provided revenue estimates for ORGN’s current fiscal year. The highest revenue estimate was $31.64M, while the lowest revenue estimate was $28.4M, resulting in an average revenue estimate of $30.02M. In the same quarter a year ago, actual revenue was $28.8M, up 4.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $51.46M in the next fiscal year. The high estimate is $63.72M and the low estimate is $39.2M. The average revenue growth estimate for next year is up 71.40% from the average revenue estimate for this year.
