Origin Materials Inc (NASDAQ:ORGN) traded at $0.76 at close of the session on Monday, April 29, made an upward move of 8.42% on its previous day’s price.
Looking at the stock we see that its previous close was $0.70. The company has a trailing 12-month PE ratio of 4.64. In terms of its 52-week price range, ORGN has a high of $5.04 and a low of $0.44. The company’s stock has gained about 49.76% over that past 30 days.
Origin Materials Inc has a market cap of $111.45 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.1, with the EPS growth for the year raised at -$0.38 for 2024 and -$0.31 for next year. These figures represent -323.50% and 18.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.48 million, with a low of $6.48 million and a high of $6.48 million. The median projection represents growth squeezing down to 280.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $31.64 million, or 9.80% up from figures reported last year.
On the other hand, looking at the outlook for the ORGN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 18.21% off its SMA20 and 31.19% from its 50-day simple moving average. The RSI (14) is pointing at 62.93 while the volatility over the past week is 10.82% and jumps to 14.09% over the past one month. The beta value is 0.98, while the average true range (ATR) is currently pointing at 0.08.
Coming back to Origin Materials Inc (NASDAQ:ORGN), we note that the average 3-month trading volume was 1.85 million. Current shares outstanding are 145.71 million.
The insiders hold 15.67% of the company’s shares while institutions hold 23.21%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -8.66% down in year-to-date price movement.
