Origin Materials (NASDAQ:ORGN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Origin Materials, Inc. (NASDAQ:ORGN) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.57 and traded as low as $0.4650. Origin Materials shares last traded at $0.4650, with a volume of 585,094 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Origin Materials in a research note on Wednesday, October 8th. Two investment 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 Stock Performance

The company has a 50-day moving average of $0.55 and a 200-day moving average of $0.57. The stock has a market cap of $70.28 million, a price-to-earnings ratio of -0.99 and a beta of 0.88.

Origin Materials (NASDAQ:ORGN) last announced its earnings results on Thursday, November 13th. The financial services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). The company had revenue of $4.66 million during the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Origin Materials, Inc. will post -0.6 EPS for the current year.

Insider Transactions at Origin Materials

In other Origin Materials news, CFO Matthew T. Plavan sold 150,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $0.55, for a total transaction of $82,500.00. Following the completion of the transaction, the chief financial officer owned 1,360,231 shares in the company, valued at approximately $748,127.05. This represents a 9.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 17.49% of the company’s stock.

Institutional Trading of Origin Materials

Several hedge funds and other institutional investors have recently made changes to their positions in ORGN. Vanguard Group Inc. increased its stake in shares of Origin Materials by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,552,860 shares of the financial services provider’s stock worth $2,882,000 after acquiring an additional 220,421 shares during the period. Geode Capital Management LLC boosted its holdings in Origin Materials by 13.0% in the 2nd 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. Jacobs Levy Equity Management Inc. increased its position in Origin Materials by 848.8% during the 3rd 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 period. XTX Topco Ltd purchased a new position in Origin Materials in the first quarter worth $101,000. Finally, Osaic Holdings Inc. increased its holdings in Origin Materials by 21.7% in the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock valued at $54,000 after buying an additional 19,950 shares in the last quarter. Hedge funds and other institutional investors own 29.91% of the company’s stock.

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.