Origin Materials Inc (NASDAQ:ORGN) shares, rose in value, with the stock price down by -7.18% to the previous day’s close as strong demand from buyers drove the stock to $0.69.
Actively observing the price movement in the last trading, the stock closed the session at $0.75. The PE ratio was 4.20 over 12-month period. Referring to stock’s 52-week performance, its high was $5.04, and the low was $0.44. On the whole, ORGN has fluctuated by 46.31% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.64M, with a low estimate of 6.48M and a high estimate of 6.48M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.48M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ORGN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ORGN currently trading nearly 10.34% and 20.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.98, while the 7-day volatility ratio is showing 13.87% which for the 30-day chart, stands at 13.93%. Furthermore, Origin Materials Inc (ORGN)’s beta value is 0.92, and its average true range (ATR) is 0.08.
A comparison of Origin Materials Inc (ORGN) with its peers suggests the former has fared considerably weaker in the market. ORGN showed an intraday change of -7.18% in last session, and over the past year, it shrunk by -81.48%%.
Data on historical trading for Origin Materials Inc (NASDAQ:ORGN) indicates that the trading volumes over the past 3 months, they’ve averaged 1.82 million. According to company’s latest data on outstanding shares, there are 145.71 million shares outstanding.
Nearly 15.67% of Origin Materials Inc’s shares belong to company insiders and institutional investors own 23.21% of the company’s shares. The stock has fallen by -17.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ORGN stock heading into the next quarter.
