Origin Materials Inc [NASDAQ: ORGN] gained 15.53% on the last trading session, reaching $1.19 price per share at the time.
If compared to the average trading volume of 1.20M shares, ORGN reached a trading volume of 3740152 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Origin Materials Inc [ORGN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ORGN shares is $3.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ORGN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Origin Materials Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 16, 2024. The new note on the price target was released on August 11, 2023, representing the official price target for Origin Materials Inc stock. Previously, the target price had yet another raise to $7, while Credit Suisse analysts kept a Outperform rating on ORGN stock.
The Average True Range (ATR) for Origin Materials Inc is set at 0.09, with the Price to Sales ratio for ORGN stock in the period of the last 12 months amounting to 4.96. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 0.78.
Trading performance analysis for ORGN stock
Origin Materials Inc [ORGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.80. With this latest performance, ORGN shares dropped by -15.00% in over the last four-week period, additionally plugging by 24.62% over the last 6 months – not to mention a rise of 33.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ORGN stock in for the last two-week period is set at 42.61, with the RSI for the last a single of trading hit 46.24, and the three-weeks RSI is set at 42.84 for Origin Materials Inc [ORGN]. The present Moving Average for the last 50 days of trading for this stock 1.4170, while it was recorded at 1.0880 for the last single week of trading, and 1.0172 for the last 200 days.
Origin Materials Inc [ORGN]: A deeper dive into fundamental analysis
Origin Materials Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 16.16 and a Current Ratio set at 16.27.
Origin Materials Inc [ORGN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Origin Materials Inc posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.14/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ORGN.
An analysis of Institutional ownership at Origin Materials Inc [ORGN]
There are presently around $17.70%, or 21.54%% of ORGN stock, in the hands of institutional investors. The top three institutional holders of ORGN stocks are: VANGUARD GROUP INC with ownership of 5.68 million shares, which is approximately 4.0074%. BLACKROCK INC., holding 2.47 million shares of the stock with an approximate value of $$2.23 million in ORGN stocks shares; and BLACKROCK INC., currently with $$2.17 million in ORGN stock with ownership which is approximately 1.6954%.
