Origin Materials (ORGN) to Release Earnings on Wednesday

Origin Materials (NASDAQ:ORGN) is expected to release 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Origin Materials Price Performance

Shares of Origin Materials stock opened at $0.97 on Monday. Origin Materials has a 1 year low of $0.44 and a 1 year high of $1.90. The firm has a market cap of $141.41 million, a PE ratio of -1.70 and a beta of 0.89. The stock has a fifty day moving average price of $1.02 and a 200-day moving average price of $1.24.

Insiders Place Their Bets

In other 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 transaction of $55,000.00. Following the completion of the sale, the chief executive officer now owns 1,976,230 shares in the company, 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 link. Also, General Counsel Joshua C. Lee sold 25,000 shares of Origin Materials stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $1.02, for a total value of $25,500.00. Following the sale, the general counsel now owns 629,785 shares of the company’s stock, valued at approximately $642,380.70. This trade represents 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 worth $199,645 in the last quarter. 17.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Bank of America lowered Origin Materials from a “buy” rating to an “underperform” rating and decreased their target price 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.