The price of Origin Materials Inc (NASDAQ:ORGN) shares last traded on Wall Street fell -11.64% to $0.90.
ORGN stock price is now -5.49% away from the 50-day moving average and 5.99% away from the 200-day moving average. The market capitalization of the company currently stands at $132.51M.
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With the price target maintained at $2, Craig Hallum recently Downgraded its rating from Buy to Hold for Origin Materials Inc (NASDAQ: ORGN). On October 14, 2022, Credit Suisse recently initiated its ‘Outperform’ rating on the stock quoting a target price of $7, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Heidenmark Cook Pia Johanna, Director sold 4,640 shares of the company’s stock on Jun 25 ’24. The stock was sold for $4,568 at an average price of $0.98. Upon completion of the transaction, the Director now directly owns 118,558 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Director Heidenmark Cook Pia Johanna bought 34,000 shares of the business’s stock. A total of $32,980 was incurred on buying the stock at an average price of $0.97. This leaves the insider owning 123,198 shares of the company worth $0.11 million. A total of 16.21% of the company’s stock is owned by insiders.
During the past 12 months, Origin Materials Inc has had a low of $0.44 and a high of $4.53. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 12.61, and a quick ratio of 12.54. The fifty day moving average price for ORGN is $0.96036 and a two-hundred day moving average price translates $0.847495 for the stock.
The latest earnings results from Origin Materials Inc (NASDAQ: ORGN) was released for 2024-03-31. The net profit margin was 0.34% and return on equity was 0.03% for ORGN. The company reported revenue of $6.83 million for the quarter, compared to $1.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 300.53 percent.
