The closing price of Origin Materials Inc (NASDAQ: ORGN) was $0.52 for the day, up 6.10% from the previous closing price of $0.49. In other words, the price has increased by $+0.0301 from its previous closing price. On the day, 2190385 shares were traded. ORGN stock price reached its highest trading level at $0.5278 during the session, while it also had its lowest trading level at $0.4900.
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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 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:
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 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 76.21M and an Enterprise Value of -72.29M. As of this moment, Origin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.65 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at -2.51 whereas that against EBITDA is -2.70.
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 0.5828, while the 200-Day Moving Average is calculated to be 1.7700.
Shares Statistics:
ORGN traded an average of 1.61M shares per day over the past three months and 1.75M shares per day over the past ten days. 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 29, 2024 were 8M with a Short Ratio of 4.98, compared to 6.43M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.48% and a Short% of Float of 7.67%.
Earnings Estimates
The firm’s stock currently is rated by 1 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
It is expected that $90B in revenue will be generated in the current quarter, according to 1 analysts. 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.
