BofA Securities has recently raised Origin Materials Inc (ORGN) stock to Buy rating, as announced on August 16, 2024, according to Finviz. Earlier, on August 11, 2023, Craig Hallum had reduced the stock from a Buy to Hold, setting a price target of $2. Credit Suisse also initiated Outperform rating with a price target of $7. Additionally, BofA Securities raised Buy rating on January 6, 2022. HSBC Securities analysts, in their report published on November 23, 2021, also initiated Buy rating and set a price target of $15 for Origin Materials Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Origin Materials Inc (ORGN) Stock Trading Recap
On Monday, Origin Materials Inc (ORGN) stock saw a decline, ending the day at $1.54 which represents a decrease of $-0.08 or -4.94% from the prior close of $1.62. The stock opened at $1.58 and touched a low of $1.52 during the day, reaching a high of $1.63. The volume of shares traded was 0.99 million falling short of the average volume of 1.81 million.
ORGN Stock Performance and Moving Averages
In recent trading, Origin Materials Inc (ORGN) stock price has shown some volatility, fluctuating -4.94% over the last five trades and 3.36% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 202.49%, and it has gained 84.90% in the previous three months. Currently, ORGN is trading at -1.00%, 20.40%, and 72.58% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, ORGN, a Basic Materials sector stock, is trading -18.95% below its 52-week high but remains 248.26% above its 52-week low. The Average True Range (ATR) (14 days) of 0.15 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Origin Materials Inc’s Profitability and Valuation Ratios
Origin Materials Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -189.61% and a profit margin of -37.93%, with a gross margin of 202.49%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Origin Materials Inc’s market capitalization stands at $224.45 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 6.59, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.58, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 12.94% of Origin Materials Inc (ORGN)’s shares, while financial institutions hold 17.07%.
