Origin Materials (ORGN) to Release Earnings on Thursday

Origin Materials (NASDAQ:ORGN) will be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect Origin Materials to post earnings of ($0.11) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Origin Materials (NASDAQ:ORGN) last announced its earnings results on Wednesday, August 14th. The financial services provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). Origin Materials had a negative net margin of 37.93% and a negative return on equity of 14.10%. The business had revenue of $7.03 million for the quarter. On average, analysts expect Origin Materials to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Origin Materials Price Performance

Shares of NASDAQ ORGN opened at $1.25 on Wednesday. The stock has a market cap of $182.19 million, a P/E ratio of -13.89 and a beta of 1.00. The firm’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $1.18. Origin Materials has a fifty-two week low of $0.44 and a fifty-two week high of $1.90. The company has a quick ratio of 13.48, a current ratio of 13.57 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Origin Materials

In other news, CFO Matthew T. Plavan sold 120,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $1.32, for a total value of $158,400.00. Following the sale, the chief financial officer now owns 1,223,088 shares of the company’s stock, valued at approximately $1,614,476.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 120,400 shares of company stock valued at $159,006. 17.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised shares of Origin Materials from a “neutral” rating to a “buy” rating and upped their price target for the stock from $1.35 to $3.00 in a research note on Friday, August 16th.

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.