Origin Materials (ORGN) Projected to Post Earnings on Wednesday

Origin Materials (NASDAQ:ORGN) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Origin Materials to post earnings of ($0.11) per share and revenue of $9.08 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Origin Materials Price Performance

Shares of NASDAQ:ORGN opened at $0.92 on Tuesday. Origin Materials has a 1 year low of $0.44 and a 1 year high of $1.90. The company has a market capitalization of $133.82 million, a PE ratio of -1.61 and a beta of 0.89. The business has a fifty day moving average price of $1.02 and a two-hundred day moving average price of $1.24.

Analysts Set New Price Targets

Separately, Bank of America downgraded shares of Origin Materials from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $2.50 to $1.50 in a report on Tuesday, January 14th.

Insider Buying and Selling

In related news, CEO John Bissell sold 55,000 shares of Origin Materials stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $1.00, for a total value of $55,000.00. Following the completion of the sale, the chief executive officer now owns 1,976,230 shares of the company’s stock, valued at approximately $1,976,230. This trade represents a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Joshua C. Lee sold 47,625 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.08, for a total value of $51,435.00. Following the completion of the sale, the general counsel now owns 429,785 shares in the company, valued at $464,167.80. This represents a 9.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,525 shares of company stock valued at $199,645. 17.49% of the stock is owned by company insiders.

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.