Origin Materials (NASDAQ:ORGN) Posts Quarterly Earnings Results, Meets Expectations

Key Points

• Origin Materials reported a quarterly loss of ($0.09) earnings per share (EPS), with a negative return on equity of 27.44% and a negative net margin of 321.96%.
• The stock price fell to $0.84 during midday trading with a current market cap of $125.76 million, and it has experienced a low of $0.40 and a high of $1.90 over the past year.
• Geode Capital Management recently increased its stake in Origin Materials by 13.0%, now holding approximately 1.14% of the company’s shares, amidst a backdrop where institutional investors own nearly 30% of the stock.

Origin Materials (NASDAQ:ORGN - Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.09) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.09), Zacks reports. The firm had revenue of $5.80 million for the quarter, compared to analysts' expectations of $29.10 million. Origin Materials had a negative return on equity of 27.05% and a negative net margin of 312.11%. Origin Materials updated its FY 2026 guidance to EPS and its FY 2027 guidance to EPS.

Origin Materials Stock Down 3.8%

NASDAQ ORGN traded down $0.0203 during trading on Tuesday, reaching $0.5192. 1,780,821 shares of the company's stock were exchanged, compared to its average volume of 1,954,227. Origin Materials has a fifty-two week low of $0.4001 and a fifty-two week high of $1.90. The firm has a market capitalization of $77.85 million, a PE ratio of -0.84 and a beta of 0.88. The company has a current ratio of 6.37, a quick ratio of 9.44 and a debt-to-equity ratio of 0.01. The company's fifty day simple moving average is $0.62 and its 200-day simple moving average is $0.67.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Origin Materials to a "strong sell" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Origin Materials presently has a consensus rating of "Sell" and a consensus price target of $1.50.

Institutional Investors Weigh In On Origin Materials

An institutional investor recently raised its position in Origin Materials stock. Geode Capital Management LLC boosted its holdings in shares of Origin Materials, Inc. (NASDAQ:ORGN - Free Report) by 13.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,705,663 shares of the financial services provider's stock after acquiring an additional 196,050 shares during the quarter. Geode Capital Management LLC owned 1.14% of Origin Materials worth $824,000 at the end of the most recent quarter. 29.91% of the stock is owned by hedge funds and other institutional investors.

Origin Materials Company Profile

Origin Materials, Inc, together with its subsidiaries, operates as a carbon-negative materials company. The company develops a proprietary biomass conversion platform to convert biomass, or plant-based carbon into building block chemicals chloromethylfurfural and hydrothermal carbon, as well as other oils and extractives and other co-products.