Origin Materials (NASDAQ:ORGN) Issues Earnings Results, Beats Expectations By $0.02 EPS

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

Origin Materials Price Performance

Shares of NASDAQ ORGN opened at $0.81 on Friday. The stock’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $1.20. 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 $119.11 million, a price-to-earnings ratio of -1.43 and a beta of 0.88.

Insider Transactions at Origin Materials

In other news, CEO John Bissell sold 55,000 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.00, for a total transaction of $55,000.00. Following the sale, the chief executive officer now directly owns 1,976,230 shares of the company’s stock, valued at approximately $1,976,230. This represents a 2.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Joshua C. Lee sold 25,000 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.02, for a total value of $25,500.00. Following the sale, the general counsel now directly owns 629,785 shares in the company, valued at approximately $642,380.70. This trade represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,900 shares of company stock valued at $107,170. 17.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Bank of America cut Origin Materials from a “buy” rating to an “underperform” rating and dropped their price target for the company from $2.50 to $1.50 in a research note 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.