Origin Mat (NASDAQ:ORGN) Stock, Quote.Headers.trade-ideas

Origin Mat

Origen Financial

ORIGEN FINANCIAL

Origin Materials Inc is a carbon-negative materials company. The platform turns the carbon found in biomass into useful materials, while eliminating the need for fossil resources and capturing carbon in the process. Its products include, PET circular caps and closures, Para-xylene, carbon black, Levulinic acid among others.

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ORGN

Origin Materials shares surge on Q2 financial results and a 2-year MOU for PET closure production, analyst upgrades and price target increase.

Origin Materials Set For Early Profitability, Analyst Highlights Positioning For Long-Term Growth, Upgrades Stock

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The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 5 Materials Stocks That Are Preparing To Pump In October

Origin Materials, Inc. - Class A Common Stock

Origin Materials Inc

Origin Materials Reports Production Of PET Caps With New Features As Commercial Qualification Continues

Management

Origin Materials Announced That Origin Co-Founder And Co-CEO John Bissell Will Serve As Single CEO, Effective December 31. Rich Riley Will Step Down From His Role As Co-CEO And From the Origin Board, Effective December 31. Origin CFO Matt Plavan Will Take On The Additional Role Of COO

Origin Materials Announces John Bissell As CEO; Rich Riley To Step Down As Co-CEO And Form Origin Board; CFO Matt Plavan To Also Take On COO Role

WIIM

Origin Materials shares are trading lower after the company reported worse-than-expected Q3 financial results.

Guidance

Origin Materials Maintains 2024 Guidance For Revenue Of $25M - $35M (Est $31.24M), Net Cash Burn Of $55M - $65M

Origin Materials Reaffirms Expectation Of Run-Rate EBITDA Positive 1st Half 2026, No Additional Equity Capital Required

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.26) per share which missed the analyst consensus estimate of $(0.11) by 136.36 percent. This is a 218.18 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $8.20 million which missed the analyst consensus estimate of $8.30 million by 1.18 percent. This is a 14.87 percent increase over sales of $7.14 million the same period last year.

Earnings

Earnings Misses

Origin Mat Q3 2024 GAAP EPS $(0.26) Misses $(0.11) Estimate, Sales $8.20M Miss $8.30M Estimate

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Earnings Scheduled For November 14, 2024

Origin Materials shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $1.35 to $3.

Origin Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) shares are surging today. The company reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40378002/origin-materials-inc-reports-operating-and-financial-results-for-second-quarter-2024" rel="noreferrer noopener">second-quarter&nbsp;financial results on Wednesday</a>.
The company reported&nbsp;a loss per share of $0.14, missing the consensus loss of&nbsp;$0.12, and sales&nbsp;of $7.03 million came below the street view of&nbsp;$7.78 million.
The company has also secured a 2-year MOU for PET closure production, projected to generate over $100 million in revenue, starting in early 2025 and increasing significantly in 2026.
BofA Securities analyst Steve Byrne upgraded the company to Buy from Neutral rating and raised the <a target="_blank" href="https://www.benzinga.com/quote/ORGN/analyst-ratings" rel="noreferrer noopener">price target to $3.00 from $1.35</a>.
The analyst writes that while they maintain a positive outlook on Origin&#8217;s biomass conversion technology, the ramp-up in Polyethylene terephthalate (PET) closures has advanced EBITDA breakeven estimate to 2027 from 2029.
Additionally, there is potential for profitability as early as 2026 due to ongoing discussions for further contracts and licenses, adds the analyst.
Also, Byrne sees significant long-term potential in ORGN&#8217;s technology to convert cellulosic materials into Chloromethyl furfural (CMF, a furan-based chemical) and Hydrothermal carbon (HTC, a carbon-intensive product).
While this process takes time, CMF can produce functionally superior products, like polyethylene furanoate (PEF), with potentially higher margins and lower capex compared to traditional methods, writes the analyst.
The analyst projects $10 million in licensing income in 2027, increasing to $20 million in 2028.
Price Action: ORGN shares are up 26.4% at $1.39 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a target="_blank" href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" rel="noreferrer noopener">Benzinga SmallCAP Conference</a>&nbsp;on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today!

B of A Securities analyst Steve Byrne upgrades Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) from Neutral to Buy and raises the price target from $1.35 to $3.

B of A Securities Upgrades Origin Mat to Buy, Raises Price Target to $3

Origin Materials shares are trading higher. The company reported Q2 financial results.

Based on current business conditions, business trends and other factors, the Company is maintaining the following&nbsp;guidance&nbsp;for 2024 net cash burn&nbsp;between&nbsp;$55 million&nbsp;and&nbsp;$65 million. The company also&nbsp;reaffirmed pathway to profitability requiring no additional equity capital.
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Origin Materials Maintains 2024 Guidance For Revenue Of $25M - $35M, Est $31.98M

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.14) per share which missed the analyst consensus estimate of $(0.12) by 16.67 percent. This is a 180 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $7.03 million which missed the analyst consensus estimate of $7.78 million by 9.60 percent. This is a 1.96 percent increase over sales of $6.90 million the same period last year.

Origin Mat Q2 2024 GAAP EPS $(0.14) Misses $(0.12) Estimate, Sales $7.03M Miss $7.78M Estimate

Origin Materials shares are trading higher after the company announced it partnered with Reed City Group to mass produce PET caps and closures in North America.

Origin Materials And Reed City Group Announce Partnership To Mass Produce PET Caps And Closures In North America; First Cap Production Line To Launch In Q4 2024, Enhancing Recycling Circularity And Packaging Efficiency

Origin Materials Regains Nasdaq Compliance

Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) reported quarterly losses of $(0.10) per share which met the analyst consensus estimate. The company reported quarterly sales of $6.82 million which beat the analyst consensus estimate of $6.48 million by 5.28 percent. This is a 300.35 percent increase over sales of $1.70 million the same period last year.

Earnings Beats

Origin Mat Q1 2024 GAAP EPS $(0.10), Inline, Sales $6.82M Beat $6.48M Estimate

<ul>
<li>Origin&#39;s manufacturing system is expected to produce the first commercial-scale PET caps and closures</li>
<li>Origin&#39;s sustainable PET caps and closures enhance recycling circularity, enable &quot;mono-material&quot; containers, lighter packaging, and improved product shelf life</li>
</ul>

Contracts

General

Origin Materials Partners With IMDvista To Produce World's First PET Cap and Closure Manufacturing System

<h3>The Meaning Behind Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the basic materials sector:</h2>
<ol>
<li>Suzano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUZ#NYSE">SUZ</a>) - P/E: 5.47</li>
<li>Origin Mat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGN#NASDAQ">ORGN</a>) - P/E: 3.25</li>
<li>Clearwater Paper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>) - P/E: 6.19</li>
<li>Warrior Met Coal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>) - P/E: 6.67</li>
<li>CVR Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAN#NYSE">UAN</a>) - P/E: 4.02</li>
</ol>
Suzano has reported Q4 earnings per share at $0.7, which has increased by 683.33% compared to Q3, which was -0.12. Origin Mat saw a decrease in earnings per share from 0.22 in Q3 to $-0.07 now. Clearwater Paper's earnings per share for Q4 sits at $1.35, whereas in Q3, they were at 2.19. Most recently, Warrior Met Coal reported earnings per share at $2.49, whereas in Q3 earnings per share sat at $1.85. CVR Partners has reported Q4 earnings per share at $0.94, which has increased by 1242.86% compared to Q3, which was 0.07. The company's most recent dividend yield sits at 9.28%, which has increased by 1.36% from 7.92% last quarter. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

A Look Into Basic Materials Sector Value Stocks

Origin Materials GAAP EPS of -$0.26 misses by $0.15, revenue of $8.2M misses by $0.1M

Reports Q3 revenue $8.2M vs $7.1M last year. "This quarter we achieved a milestone on our journey to profitability: the successful Factory Acceptan...

Origin Materials reports Q3 EPS (26c) vs 22c last year

16:02 EST Origin Materials (ORGN) backs FY24 revenue view $25M-$35M Published first on TheFly – the ultimate source for real-time, market-moving br...

Origin Materials backs FY24 revenue view $25M-$35M

Check out this evening's top movers from around Wall Street, compiled by The Fly.&nbsp;&nbsp; HIGHER AFTER EARNINGS –&nbsp; Gain Therapeutics&nbsp;...

Closing Bell Movers: Applied Materials down 6% after earnings, guidance

Origin Materials, Inc. 2024 Q3 - Results - Earnings Call Presentation

Origin Materials, Inc. (ORGN) Q3 2024 Earnings Call Transcript

Origin Materials announces transition to single CEO leadership structure

Origin Materials (ORGN) "announced that Origin Co-Founder and Co-CEO John Bissell will serve as CEO effective December 31. Rich Riley will step dow...

Origin Materials announces transition to single CEO structure

Origin Materials ( ($ORGN) ) has provided an update. Origin Materials announced the resignation of Rich Riley as Co-CEO and board member, effective...

Origin Materials Announces Leadership Changes and Appointments

Origin Materials (ORGN) announced the production of PET caps with new features as commercial qualification continues. The latest caps were produced...

Origin Materials continues commercial qualification, debuts latest caps

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