Origin Materials (NASDAQ:ORGN – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported ($0.09) earnings per share 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%. The company had revenue of $9.22 million during the quarter, compared to the consensus estimate of $9.08 million. Origin Materials updated its FY 2025 guidance to EPS.
Origin Materials Price Performance
Shares of Origin Materials stock opened at $0.81 on Friday. The company’s fifty day simple moving average is $0.96 and its 200-day simple moving average is $1.20. The stock has a market capitalization of $119.11 million, a PE ratio of -1.43 and a beta of 0.88. Origin Materials has a 1-year low of $0.44 and a 1-year high of $1.90.
Insider Transactions at Origin Materials
In other news, CEO John Bissell sold 55,000 shares of Origin Materials stock in a transaction on Friday, December 27th. The shares were sold at an average price of $1.00, for a total transaction of $55,000.00. Following the transaction, the chief executive officer now owns 1,976,230 shares in the company, valued at $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 is available through this hyperlink. Also, General Counsel Joshua C. Lee sold 25,000 shares of Origin Materials stock in a transaction on Friday, December 27th. The stock was sold at an average price of $1.02, for a total transaction of $25,500.00. Following the transaction, the general counsel now owns 629,785 shares in the company, valued at $642,380.70. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,900 shares of company stock worth $107,170 in the last 90 days. 17.49% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Origin Materials
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.
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