Origin Materials (NASDAQ:ORGN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Origin Materials, Inc. (NASDAQ:ORGN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.10 and traded as low as $0.8601. Origin Materials shares last traded at $0.8601, with a volume of 69,698 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently commented on ORGN. Wall Street Zen upgraded Origin Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Origin Materials in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Origin Materials Price Performance

The stock has a market cap of $4.77 million, a P/E ratio of -0.02 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.62 and a current ratio of 2.66. The firm has a 50-day moving average price of $1.52 and a 200-day moving average price of $4.08.

Origin Materials (NASDAQ:ORGN) last released its quarterly earnings results on Thursday, May 14th. The financial services provider reported ($3.28) earnings per share for the quarter, missing the consensus estimate of ($2.40) by ($0.88). The firm had revenue of $0.48 million for the quarter, compared to the consensus estimate of $29.10 million. Origin Materials had a negative net margin of 1,742.04% and a negative return on equity of 120.66%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ORGN. XTX Topco Ltd bought a new position in Origin Materials in the 4th quarter worth about $26,000. Ameriprise Financial Inc. grew 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 worth $36,000 after acquiring an additional 39,856 shares during the period. Virtu Financial LLC purchased a new stake in shares of Origin Materials during the 3rd quarter valued at about $39,000. Osaic Holdings Inc. grew its position in Origin Materials by 21.7% during 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 during the period. Finally, Goldman Sachs Group Inc. grew its position in Origin Materials by 157.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 279,903 shares of the financial services provider’s stock valued at $59,000 after buying an additional 171,105 shares during the period. 29.91% of the stock is currently owned by institutional investors.

About Origin Materials

Origin Materials, Inc is a cleantech company focused on producing sustainable chemicals and materials from renewable biomass rather than fossil feedstocks. The company’s core technology platform converts wood chips and other lignocellulosic feedstocks into a versatile intermediate called CMF (chloromethylfurfural), which can be further processed into a range of building‐block chemicals used in applications such as packaging, coatings and performance fibers. By offering a drop‐in alternative to petrochemical precursors, Origin Materials aims to reduce carbon emissions and environmental impact across multiple industries.

The company operates a demonstration facility in Sarnia, Ontario, where it validates its conversion process at scale and produces sample volumes of bio‐based intermediates.