Origin Materials (NASDAQ:ORGN) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Origin Materials stock has traded below its two hundred day moving average of $0.66, reaching a low of $0.56, and currently sits at $0.59.
• Analyst ratings for the stock have declined, with Wall Street Zen issuing a "strong sell" rating; the average consensus rating is now "Sell" with a price target of $1.50.
• The company reported a quarterly revenue of $5.80 million, significantly below the consensus estimate of $29.10 million and also recorded a negative return on equity of 27.05%.

Shares of Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.66 and traded as low as $0.56. Origin Materials shares last traded at $0.59, with a volume of 703,244 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Origin Materials to a "strong sell" rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Origin Materials has an average rating of "Sell" and an average price target of $1.50.

Origin Materials Stock Down 5.6%

The company has a market cap of $80.17 million, a P/E ratio of -0.86 and a beta of 0.87. The stock's 50-day moving average price is $0.64 and its 200-day moving average price is $0.65. The company has a current ratio of 6.37, a quick ratio of 6.33 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Origin Materials

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in shares of 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. Barclays PLC lifted its position in shares of Origin Materials by 3,019,800.0% during the fourth quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 30,198 shares in the last quarter. Virtu Financial LLC lifted its position in shares of Origin Materials by 66.9% during the first quarter. Virtu Financial LLC now owns 90,016 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 36,097 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of Origin Materials during the fourth quarter valued at about $85,000. Finally, XTX Topco Ltd bought a new position in shares of Origin Materials during the first quarter valued at about $101,000. 29.91% of the stock is owned by institutional investors.

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.