Origin Materials Inc (NASDAQ: ORGN) closed the day trading at $0.54 down -9.50% from the previous closing price of $0.60. In other words, the price has decreased by -$0.0572 from its previous closing price. On the day, 1463847 shares were traded. ORGN stock price reached its highest trading level at $0.6120 during the session, while it also had its lowest trading level at $0.5449.
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Ratios:
For a better understanding of ORGN, let’s 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 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. The General Counsel now owns 261,194 shares after completing the transaction at $0.77 per share. On Nov 13, 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 80.31M and an Enterprise Value of -68.19M. As of this moment, Origin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.73 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at -2.37 whereas that against EBITDA is -2.54.
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 0.6407, while the 200-Day Moving Average is calculated to be 1.9474.
Shares Statistics:
Over the past 3-months, ORGN traded about 1.64M shares per day on average, while over the past 10 days, ORGN traded about 2.27M shares per day. A total of 145.71M shares are outstanding, with a floating share count of 109.95M. Insiders hold about 23.80% of the company’s shares, while institutions hold 23.47% stake in the company. Shares short for ORGN as of Feb 15, 2024 were 7.65M with a Short Ratio of 4.68, 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
Current recommendations for the stock of the company come from 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
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.
