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

Origin Materials (NASDAQ:ORGN) announced its 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 Stock Up 4.7 %

Shares of Origin Materials stock traded up $0.04 during trading on Thursday, reaching $0.85. 783,557 shares of the company were exchanged, compared to its average volume of 1,456,693. Origin Materials has a twelve month low of $0.44 and a twelve month high of $1.90. The business has a 50-day moving average price of $0.96 and a 200-day moving average price of $1.21. The firm has a market capitalization of $124.31 million, a price-to-earnings ratio of -1.49 and a beta of 0.88.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CEO John Bissell sold 55,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $1.00, for a total value of $55,000.00. Following the sale, the chief executive officer now directly 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 at this link. Also, General Counsel Joshua C. Lee sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were 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 of the company’s stock, valued at approximately $642,380.70. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,525 shares of company stock worth $199,645. Insiders own 17.49% of the company’s stock.

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.