Origin Materials (NASDAQ:ORGN) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Origin Materials' stock price crossed above its fifty-day moving average of $0.58, reaching a high of $0.75 before last trading at $0.66.
• Analysts have a consensus rating of "Sell" for Origin Materials, with the average price target set at $1.50, reflecting concerns over the company's financial performance.
• The company reported a negative net margin of 312.11% and generated $5.80 million in revenue for the last quarter, significantly below analyst estimates of $29.10 million.

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.58 and traded as high as $0.75. Origin Materials shares last traded at $0.66, with a volume of 2,334,115 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ORGN. Wall Street Zen lowered Origin Materials to a "strong sell" rating in a research report on Saturday, July 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Origin Materials in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Origin Materials currently has an average rating of "Sell" and a consensus target price of $1.50.

Origin Materials Stock Performance

The stock has a fifty day simple moving average of $0.58 and a two-hundred day simple moving average of $0.59. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.33 and a current ratio of 6.37. The stock has a market capitalization of $98.93 million, a price-to-earnings ratio of -1.06 and a beta of 0.86.

Origin Materials (NASDAQ:ORGN - Get Free Report) last announced its earnings results on Thursday, August 14th. The financial services provider reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). Origin Materials had a negative return on equity of 27.05% and a negative net margin of 312.11%.The company had revenue of $5.80 million for the quarter, compared to analyst estimates of $29.10 million. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. Analysts forecast that Origin Materials, Inc. will post -0.6 earnings per share for the current fiscal year.

Institutional Trading of Origin Materials

Hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its stake in Origin Materials by 112.2% during the second quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider's stock worth $36,000 after acquiring an additional 39,856 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Origin Materials by 66.9% during the 1st quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider's stock worth $60,000 after purchasing an additional 36,097 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Origin Materials by 21.7% in the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider's stock valued at $54,000 after buying an additional 19,950 shares during the period. XTX Topco Ltd bought a new stake in Origin Materials in the 1st quarter valued at about $101,000. Finally, Rehmann Capital Advisory Group acquired a new position in Origin Materials during the 1st quarter worth approximately $406,000. Institutional investors own 29.91% of the company's stock.

About Origin Materials

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.

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