Origin Materials (ORGN) to Release Earnings on Wednesday

Origin Materials (NASDAQ:ORGN) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $9.08 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Origin Materials Trading Down 7.0 %

Shares of Origin Materials stock opened at $0.97 on Monday. The firm has a market capitalization of $141.41 million, a PE ratio of -1.70 and a beta of 0.89. Origin Materials has a twelve month low of $0.44 and a twelve month high of $1.90. The firm’s 50-day moving average price is $1.02 and its 200 day moving average price is $1.24.

Analyst Ratings Changes

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

Insider Transactions at Origin Materials

In related news, General Counsel Joshua C. Lee sold 25,000 shares of the firm’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 sale, the general counsel now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Bissell sold 36,000 shares of Origin Materials stock in a transaction on Friday, December 13th. The shares were sold at an average price of $1.14, for a total transaction of $41,040.00. Following the completion of the transaction, the chief executive officer now owns 1,581,230 shares in the company, valued at approximately $1,802,602.20. This trade represents a 2.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,525 shares of company stock worth $199,645. Company insiders own 17.49% of the company’s stock.

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.