Streetbeat News

ORGN

Origin Materials, Inc.

https://www.originmaterials.com

Industry

Chemicals

Micromidas, Inc., doing business as Origin Materials, produces and commercializes plant-based PET plastic. It develops a platform for turning the carbon found in biomass into useful materials, while capturing carbon in the process. The company serves tire filler, carbon black, agriculture, and activated carbon markets. Micromidas, Inc. has a strategic alliance with Palantir Technologies Inc. The company was incorporated in 2008 and is based in West Sacramento, California with a facility in Sarnia, Canada.

Open

1.29

Mkt cap

159M

Volume

3M

High

1.29

P/E Ratio

-13.62

52-wk high

1.90

Low

1.05

Div yield

N/A

52-wk low

0.44

Origin Materials and Reed City Group have announced a partnership to mass produce PET caps and closures in North America. The first production line is set to launch in Q4 2024, aiming to enhance recycling circularity and packaging efficiency.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:13 am

Origin Materials has regained compliance with Nasdaq's listing requirements, ensuring its continued presence on the exchange.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:01 pm

Origin Mat (ORGN) reported Q1 2024 GAAP EPS of $(0.10), meeting analyst consensus estimates, with sales of $6.82M surpassing the $6.48M estimate. This represents a 300.35% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 8:03 pm

Origin Materials has partnered with IMDvista to create the world's first commercial-scale PET cap and closure manufacturing system. This innovation aims to enhance recycling circularity by enabling mono-material containers, lighter packaging, and improved product shelf life.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 11:48 am

The article highlights notable value stocks in the basic materials sector, focusing on companies with low P/E multiples, indicating potential undervaluation. Suzano, Origin Mat, Clearwater Paper, Warrior Met Coal, and CVR Partners are featured for their recent financial performances, including earnings per share and, for CVR Partners, dividend yield changes.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 2:39 pm

Origin Materials projects its FY24 revenue to be in the range of $25M-$35M.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 10:07 pm

Origin Mat (NASDAQ:ORGN) reported Q4 earnings, beating estimates with an EPS of $-0.07 against an expected $-0.14. Revenue increased by $13.06 million year-over-year. Despite beating last quarter's EPS estimate, the share price dropped 18.0% the following day.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:35 pm

Origin Mat (NASDAQ:ORGN) reported Q4 2023 GAAP EPS of $(0.070), surpassing the $(0.140) estimate, and sales of $13.063M, exceeding the $12.000M estimate. This represents a 163.64% decrease in earnings per share compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:30 pm

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

The article identifies five value stocks in the basic materials sector based on their low P/E ratios, suggesting they may be undervalued. These stocks are Commercial Metals, LSB Industries, Clearwater Paper, Sylvamo, and Origin Mat. It provides recent financial performance details for each, including changes in earnings per share and dividend yields.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 2:39 pm

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