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

Origin Materials, Inc. (NASDAQ:ORGN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.48 and traded as low as $0.1637. Origin Materials shares last traded at $0.1688, with a volume of 1,899,912 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Origin Materials in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Origin Materials Trading Up 5.2%

The company has a market cap of $25.51 million, a price-to-earnings ratio of -0.36 and a beta of 0.98. The business has a 50-day moving average price of $0.27 and a 200 day moving average price of $0.48.

Origin Materials (NASDAQ:ORGN) last posted its quarterly earnings data on Thursday, November 13th. The financial services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The firm had revenue of $4.66 million for 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%. On average, analysts anticipate that Origin Materials, Inc. will post -0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in shares of Origin Materials by 21.7% in the second quarter. Osaic Holdings Inc. now owns 111,823 shares of the financial services provider’s stock worth $54,000 after buying an additional 19,950 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Origin Materials by 112.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 75,387 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 39,856 shares during the last quarter. Virtu Financial LLC bought a new stake in Origin Materials during the third quarter worth approximately $39,000. Geode Capital Management LLC grew its holdings in Origin Materials by 13.0% during 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 purchasing an additional 196,050 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in 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 valued at $2,882,000 after purchasing an additional 220,421 shares during the last quarter. 29.91% of the stock is owned by institutional investors and hedge funds.

Origin Materials Company Profile

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.