Origin Materials Inc [NASDAQ: ORGN] closed the trading session at $1.28.
The stocks have a year to date performance of 53.07 percent and weekly performance of 28.77 percent. The stock has been moved at 64.08 percent over the last six months. The stock has performed 3.23 percent around the most recent 30 days and changed -12.93 percent over the most recent 3-months.
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If compared to the average trading volume of 1.16M shares, ORGN reached to a volume of 4656738 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 5.33. The Price to Book ratio for the last quarter was 0.52, with the Price to Cash per share for the same quarter was set at 0.78.
ORGN stock trade performance evaluation
Origin Materials Inc [ORGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 28.77. With this latest performance, ORGN shares gained by 3.23% in over the last four-week period, additionally plugging by 64.08% over the last 6 months – not to mention a rise of 53.07% 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 61.46, with the RSI for the last a single of trading hit 69.73, and the three-weeks RSI is set at 56.45 for Origin Materials Inc [ORGN]. The present Moving Average for the last 50 days of trading for this stock 1.2133, while it was recorded at 1.0987 for the last single week of trading, and 1.0948 for the last 200 days.
Origin Materials Inc [ORGN]: An insightful look at the core fundamentals
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]: Institutional Ownership
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%.
