Origin Materials (ORGN) Expected to Announce Quarterly Earnings on Thursday

Origin Materials (NASDAQ:ORGN) will likely be announcing its earnings results after the market closes on Thursday, March 13th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $9.08 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Origin Materials Price Performance

Shares of NASDAQ:ORGN opened at $0.81 on Tuesday. The company has a market capitalization of $118.61 million, a P/E ratio of -1.42 and a beta of 0.88. Origin Materials has a 1 year low of $0.44 and a 1 year high of $1.90. The business’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $1.22.

Insider Buying and Selling at Origin Materials

In other Origin Materials news, General Counsel Joshua C. Lee sold 47,625 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $1.08, for a total value of $51,435.00. Following the sale, the general counsel now owns 429,785 shares of the company’s stock, valued at approximately $464,167.80. This trade represents a 9.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Bissell sold 36,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.14, for a total value of $41,040.00. Following the completion of the sale, the chief executive officer now directly owns 1,581,230 shares in the company, valued at approximately $1,802,602.20. This represents a 2.23 % decrease in their position. 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.