Origin Materials' (ORGN) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Origin Materials (ORGN) has been given a "sell (D-)" rating by Weiss Ratings, reaffirming the stock's lack of appeal.
• In addition, Wall Street Zen downgraded Origin Materials to a "strong sell" rating, with a consensus price target of $1.50.
• The company's latest earnings report shows a negative net margin of 312.11% with revenues of only $5.80 million, significantly below expectations.

Origin Materials (NASDAQ:ORGN - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen lowered shares of Origin Materials to a "strong sell" rating in a research note on Saturday, July 5th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell" and a consensus price target of $1.50.

Origin Materials Price Performance

Origin Materials stock opened at $0.73 on Friday. The stock has a market capitalization of $108.71 million, a P/E ratio of -1.17 and a beta of 0.86. The company's fifty day moving average price is $0.56 and its 200 day moving average price is $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. Origin Materials has a 1 year low of $0.40 and a 1 year high of $1.50.

Origin Materials (NASDAQ:ORGN - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $5.80 million for the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Origin Materials will post -0.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Origin Materials

Several hedge funds and other institutional investors have recently modified their holdings of ORGN. Rehmann Capital Advisory Group acquired a new position in Origin Materials during the first quarter worth about $406,000. XTX Topco Ltd purchased a new position in Origin Materials in the 1st quarter worth approximately $101,000. Virtu Financial LLC boosted its holdings 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 during the last quarter. Geode Capital Management LLC grew its position in shares of Origin Materials by 13.0% in the second quarter. Geode Capital Management LLC now owns 1,705,663 shares of the financial services provider's stock valued at $824,000 after purchasing an additional 196,050 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Origin Materials by 112.2% in the second 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 last 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.

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