Origin Materials (NASDAQ:ORGN) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Origin Materials, Inc. (NASDAQ:ORGN) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.58 and traded as low as $0.4510. Origin Materials shares last traded at $0.4601, with a volume of 1,405,856 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Origin Materials in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $1.50.

Origin Materials Price Performance

The stock has a market cap of $68.97 million, a price-to-earnings ratio of -0.98 and a beta of 0.88. The business’s 50 day moving average is $0.56 and its 200 day moving average is $0.58.

Origin Materials (NASDAQ:ORGN) last posted its quarterly earnings results on Thursday, November 13th. The financial services provider reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $4.66 million during the quarter, compared to analyst estimates of $29.10 million. Origin Materials had a negative net margin of 275.03% and a negative return on equity of 21.95%. Origin Materials has set its FY 2026 guidance at EPS. FY 2027 guidance at EPS. As a group, analysts forecast that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Matthew T. Plavan sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $0.55, for a total value of $82,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,360,231 shares of the company’s stock, valued at $748,127.05. This represents a 9.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.49% of the stock is currently owned by insiders.

Institutional Trading of Origin Materials

Several institutional investors have recently modified their holdings of ORGN. Vanguard Group Inc. boosted its holdings in shares of Origin Materials by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock valued at $2,882,000 after buying an additional 220,421 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 196,050 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Origin Materials by 848.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 623,460 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 557,747 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Origin Materials during the first quarter worth about $101,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Origin Materials by 21.7% in 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 last quarter. Hedge funds and other institutional investors own 29.91% of the company’s stock.

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.