Origin Materials (NASDAQ:ORGN) Issues Quarterly Earnings Results

Origin Materials (NASDAQ:ORGN) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02, Zacks reports. Origin Materials had a negative net margin of 229.52% and a negative return on equity of 21.26%. Origin Materials updated its FY 2025 guidance to EPS.

Origin Materials Trading Up 4.7 %

Shares of ORGN traded up $0.04 during midday trading on Thursday, reaching $0.85. The stock had a trading volume of 839,993 shares, compared to its average volume of 1,457,483. The firm has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $1.21. Origin Materials has a one year low of $0.44 and a one year high of $1.90. The firm has a market cap of $124.31 million, a PE ratio of -1.49 and a beta of 0.88.

Insider Activity

In related news, CEO John Bissell sold 36,000 shares of Origin Materials stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $1.14, for a total transaction of $41,040.00. Following the completion of the sale, the chief executive officer now owns 1,581,230 shares of the company’s stock, valued at approximately $1,802,602.20. The trade was a 2.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Joshua C. Lee sold 25,000 shares of Origin Materials stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $1.02, for a total transaction of $25,500.00. Following the sale, the general counsel now directly owns 629,785 shares of the company’s stock, valued at $642,380.70. The trade was a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,525 shares of company stock valued at $199,645 in the last quarter. Company insiders own 17.49% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Origin Materials

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.