A new trading day began on November 20, 2023, with Origin Materials Inc (NASDAQ: ORGN) stock priced at $1.02, down -5.78% from the previous day of trading. During the day, the shares moved up to $1.02 and dropped to $0.9708 before settling in for the closing price of $1.04. ORGN’s price has ranged from $0.72 to $6.26 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged -57.93%. With a float of $108.86 million, this company’s outstanding shares have now reached $143.03 million.
The firm has a total of 155 workers. Let’s measure their productivity.
Origin Materials Inc (ORGN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Chemicals Industry. The insider ownership of Origin Materials Inc is 24.55%, while institutional ownership is 26.44%. The most recent insider transaction that took place on Nov 13, was worth 11,353. In this transaction General Counsel of this company sold 12,400 shares at a rate of $0.92, taking the stock ownership to the 278,694 shares. Before that another transaction happened on Nov 13, when Company’s Co-CEO and Director sold 9,500 for $0.92, making the entire transaction worth $8,698. This insider now owns 1,213,828 shares in total.
Origin Materials Inc (ORGN) Earnings and Forecasts
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.22 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a return on equity of 23.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -57.93% per share during the next fiscal year.
Origin Materials Inc (NASDAQ: ORGN) Trading Performance Indicators
Here are Origin Materials Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 12.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.35, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.47 in one year’s time.
Technical Analysis of Origin Materials Inc (ORGN)
Analysing the last 5-days average volume posted by the [Origin Materials Inc, ORGN], we can find that recorded value of 1.07 million was lower than the volume posted last year of 1.67 million. As of the previous 9 days, the stock’s Stochastic %D was 63.36%. Additionally, its Average True Range was 0.11.
During the past 100 days, Origin Materials Inc’s (ORGN) raw stochastic average was set at 6.82%, which indicates a significant decrease from 53.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 137.43% in the past 14 days, which was lower than the 196.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1485, while its 200-day Moving Average is $3.2392. Now, the first resistance to watch is $1.0097. This is followed by the second major resistance level at $1.0394. The third major resistance level sits at $1.0589. If the price goes on to break the first support level at $0.9605, it is likely to go to the next support level at $0.9410. Should the price break the second support level, the third support level stands at $0.9113.
Origin Materials Inc (NASDAQ: ORGN) Key Stats
With a market capitalization of 141.38 million, the company has a total of 144,279K Shares Outstanding. Currently, annual sales are 0 K while annual income is 78,570 K. The company’s previous quarter sales were 7,140 K while its latest quarter income was 30,930 K.