Origin Materials (NASDAQ:ORGN) Stock Passes Below 200 Day Moving Average - Should You Sell?

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) passed 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 changing hands.

Analyst Upgrades and Downgrades

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

Origin Materials Stock Performance

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 company has a market cap of $80.17 million, a price-to-earnings ratio of -0.86 and a beta of 0.88. The company has a fifty day moving average of $0.64 and a two-hundred day moving average of $0.65.

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 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 the consensus estimate of $29.10 million. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. Equities research analysts anticipate that Origin Materials, Inc. will post -0.6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Origin Materials by 59.2% during the 4th quarter. Millennium Management LLC now owns 2,021,132 shares of the financial services provider's stock worth $2,587,000 after buying an additional 751,632 shares during the period. Marshall Wace LLP acquired a new position in Origin Materials during the 4th quarter worth about $783,000. Rehmann Capital Advisory Group acquired a new position in Origin Materials during the 1st quarter worth about $406,000. Barclays PLC lifted its holdings in Origin Materials by 3,019,800.0% during the 4th quarter. Barclays PLC now owns 30,199 shares of the financial services provider's stock worth $39,000 after buying an additional 30,198 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in Origin Materials during the 4th quarter worth about $335,000. 29.91% of the stock is owned by institutional investors and hedge funds.

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.