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Origin Materials Inc (NASDAQ: ORGN) closed the day trading at $1.62 up 4.52% from the previous closing price of $1.55. In other words, the price has increased by $4.52 from its previous closing price. On the day, 0.94 million shares were traded. ORGN stock price reached its highest trading level at $1.69 during the session, while it also had its lowest trading level at $1.5699.
Ratios:
For a better understanding of ORGN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.48 and its Current Ratio is at 13.57. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on August 16, 2024, Upgraded its rating to Buy and sets its target price to $3 from $1.35 previously.
On August 11, 2023, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $2.
On October 14, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $7.Credit Suisse initiated its Outperform rating on October 14, 2022, with a $7 target price.
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 Aug 20 ’24 when Hickox John sold 200 shares for $1.59 per share. The transaction valued at 318 led to the insider holds 533,411 shares of the business.
Hickox John sold 200 shares of ORGN for $288 on Aug 22 ’24. The Director now owns 533,211 shares after completing the transaction at $1.44 per share. On Jun 25 ’24, another insider, Heidenmark Cook Pia Johanna, who serves as the Director of the company, sold 4,640 shares for $0.98 each. As a result, the insider received 4,568 and left with 118,558 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 236116640 and an Enterprise Value of 117081768. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.93 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 3.437 whereas that against EBITDA is -2.064.
Stock Price History:
Over the past 52 weeks, ORGN has reached a high of $1.90, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 27.96%, while the 200-Day Moving Average is calculated to be 82.39%.
Shares Statistics:
Over the past 3-months, ORGN traded about 1.81M shares per day on average, while over the past 10 days, ORGN traded about 1819370 shares per day. A total of 145.71M shares are outstanding, with a floating share count of 126.90M. Insiders hold about 12.94% of the company’s shares, while institutions hold 17.07% stake in the company. Shares short for ORGN as of 1726185600 were 3312387 with a Short Ratio of 1.83, compared to 1723680000 on 4187049. Therefore, it implies a Short% of Shares Outstanding of 3312387 and a Short% of Float of 2.6300002.
