Origin Materials (NASDAQ:ORGN) Stock Passes Below 200-Day Moving Average - What's Next?

Key Points

• Origin Materials' stock price has fallen below its 200-day moving average, trading as low as $0.51 and currently at $0.53.
• Wall Street analysts have issued a consensus rating of “Sell” for the stock, with a target price of $1.50.
• In its latest quarterly earnings report, Origin Materials reported an EPS of ($0.09) and revenue significantly below expectations at $5.80 million.

Origin Materials, Inc. (NASDAQ:ORGN - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.59 and traded as low as $0.51. Origin Materials shares last traded at $0.53, with a volume of 855,380 shares changing hands.

Wall Street Analysts Forecast Growth

ORGN has been the topic of several research analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Origin Materials in a research report on Wednesday. Wall Street Zen cut Origin Materials to a "strong sell" rating in a research report on Saturday, July 5th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Sell" and a consensus target price of $1.50.

Origin Materials Price Performance

The company has a current ratio of 6.37, a quick ratio of 6.33 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.59. The stock has a market cap of $79.97 million, a PE ratio of -0.86 and a beta of 0.86.

Origin Materials (NASDAQ:ORGN - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The financial services provider reported ($0.09) EPS for the quarter, meeting analysts' consensus estimates of ($0.09). Origin Materials had a negative return on equity of 27.05% and a negative net margin of 312.11%.The firm had revenue of $5.80 million for the quarter, compared to analysts' expectations of $29.10 million. 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 earnings per share for the current fiscal year.

Institutional Trading of Origin Materials

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its stake in shares of Origin Materials by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 39,856 shares during the period. Virtu Financial LLC raised its stake 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 valued at $60,000 after purchasing an additional 36,097 shares during the period. Osaic Holdings Inc. raised its stake in shares of Origin Materials by 21.7% during the 2nd quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 19,950 shares during the period. XTX Topco Ltd bought a new stake in shares of Origin Materials during the 1st quarter valued at $101,000. Finally, Bank of America Corp DE raised its stake in shares of Origin Materials by 16.5% during the 4th quarter. Bank of America Corp DE now owns 423,567 shares of the financial services provider's stock valued at $542,000 after purchasing an additional 59,998 shares during the period. 29.91% of the stock is currently owned by 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.

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