Origin Materials, Inc. (NASDAQ: ORGN) shares are trading down even though the stock was upgraded by Zacks Investment Research from a hold rating to a buy rating the day before.
Origin Materials’ stock currently has a $7.25 target price.
At the time of writing, ORGN stock was trading at $6.41, representing a loss of 6.7%. The stock has a market capitalization of $909.2 million with a 52-weeks price target of $4.65 – $10.73. The company’s 50-day moving average price is $6.40, and its two-hundred-day moving average price is $6.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 107.76, and a quick ratio of 107.76.
The current stock price of Origin Materials is 40% less than its 52-weeks high.
Earnings History
Origin Materials’ most recent earnings report was on Thursday, February 24th. The financial services provider reported $0.04 EPS for the quarter, which was $0.03 higher than the Thomson Reuters consensus estimate of $0.07. Analysts predict that Origin Materials will earn -0.3 per share in the current fiscal year.
Recent News
Mitsubishi Chemical Holdings Group (“MCHG”), Japan’s leading diversified chemicals and advanced materials producer, and Origin Materials announced a collaboration to develop advanced chemicals and materials based on Origin Materials’ patented technology platform.
Company Profile
Origin Materials, Inc is a manufacturer of carbon-negative materials. Its patented platform technology converts biomass or plant-based carbon into chloromethylfurfural and hydrothermal carbon, among other minor products. The headquarters of the company are in West Sacramento, California.
