Thursday, 18 April 2024

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Business News

Craig-Hallum Sticks to Its Hold Rating for Origin Materials (ORGN) – TipRanks Financial Blog

Nutrien Highlights Sustainability Strides in 2023 Report – TipRanks Financial Blog

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In a report released today, Eric Stine from Craig-Hallum maintained a Hold rating on Origin Materials (ORGNResearch Report). The company’s shares closed yesterday at $0.49.

Stine covers the Industrials sector, focusing on stocks such as Plug Power, PureCycle Technologies, and Chart Industries. According to TipRanks, Stine has an average return of 6.0% and a 38.03% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Origin Materials with a $0.60 average price target.

Based on Origin Materials’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.11 million and a GAAP net loss of $10.44 million. In comparison, last year the company had a net profit of $15.99 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ORGN in relation to earlier this year. Last month, Richard J. Riley , the CO-CEO AND DIRECTOR of ORGN bought 400,000.00 shares for a total of $56,000.00.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Origin Materials (ORGN) Company Description:

Artius Acquisition Inc is a blank check company.

Click Here to Read the Full Original Article at TipRanks Financial Blog…


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