On Tuesday, Origin Materials Inc (NASDAQ: ORGN) opened lower -3.50% from the last session, before settling in for the closing price of $1.43. Price fluctuations for ORGN have ranged from $0.44 to $1.90 over the past 52 weeks.
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Company’s average yearly earnings per share was noted -38.56% at the time writing. With a float of $126.87 million, this company’s outstanding shares have now reached $145.71 million.
Let’s look at the performance matrix of the company that is accounted for 112 employees. In terms of profitability, gross margin is -8.49%, operating margin of -189.61%, and the pretax margin is -40.99%.
Origin Materials Inc (ORGN) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Chemicals industry is another important factor to consider. The insider ownership of Origin Materials Inc is 12.96%, while institutional ownership is 17.08%. The most recent insider transaction that took place on Aug 20 ’24, was worth 318. In this transaction Director of this company sold 200 shares at a rate of $1.59, taking the stock ownership to the 533,411 shares. Before that another transaction happened on Aug 22 ’24, when Company’s Director sold 200 for $1.44, making the entire transaction worth $288. This insider now owns 533,211 shares in total.
Origin Materials Inc (ORGN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -38.56% per share during the next fiscal year.
Origin Materials Inc (NASDAQ: ORGN) Trading Performance Indicators
Check out the current performance indicators for Origin Materials Inc (ORGN). In the past quarter, the stock posted a quick ratio of 13.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.09, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.35 in one year’s time.
Technical Analysis of Origin Materials Inc (ORGN)
Origin Materials Inc (NASDAQ: ORGN) saw its 5-day average volume 0.7 million, a negative change from its year-to-date volume of 1.73 million. As of the previous 9 days, the stock’s Stochastic %D was 41.14%. Additionally, its Average True Range was 0.09.
During the past 100 days, Origin Materials Inc’s (ORGN) raw stochastic average was set at 55.83%, which indicates a significant increase from 25.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.43% in the past 14 days, which was lower than the 97.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4926, while its 200-day Moving Average is $0.9624. Nevertheless, the first resistance level for the watch stands at $1.4200 in the near term. At $1.4600, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4800. If the price goes on to break the first support level at $1.3600, it is likely to go to the next support level at $1.3400. The third support level lies at $1.3000 if the price breaches the second support level.
Origin Materials Inc (NASDAQ: ORGN) Key Stats
There are currently 145,751K shares outstanding in the company with a market cap of 201.13 million. Presently, the company’s annual sales total 28,810 K according to its annual income of 23,800 K. Last quarter, the company’s sales amounted to 7,030 K and its income totaled -19,500 K.
