Origin Materials (NASDAQ:ORGN) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Origin Materials (NASDAQ:ORGN) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.02, Zacks reports. Origin Materials had a negative net margin of 229.52% and a negative return on equity of 21.26%. Origin Materials updated its FY 2025 guidance to EPS.

Origin Materials Stock Up 4.7 %

Shares of Origin Materials stock opened at $0.85 on Friday. Origin Materials has a 12-month low of $0.44 and a 12-month high of $1.90. The stock has a 50 day moving average price of $0.96 and a two-hundred day moving average price of $1.20. The stock has a market capitalization of $124.31 million, a P/E ratio of -1.49 and a beta of 0.88.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Origin Materials from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $2.50 to $1.50 in a research report on Tuesday, January 14th.

Insider Activity

In related news, CEO John Bissell sold 55,000 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $1.00, for a total value of $55,000.00. Following the transaction, the chief executive officer now directly owns 1,976,230 shares in the company, valued at approximately $1,976,230. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Joshua C. Lee sold 25,000 shares of Origin Materials stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.02, for a total transaction of $25,500.00. Following the completion of the transaction, the general counsel now owns 629,785 shares in the company, valued at $642,380.70. This trade represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 105,900 shares of company stock valued at $107,170 over the last 90 days. 17.49% of the stock is currently owned by company insiders.

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.