5 Best Value Penny Stocks To Buy

2. Origin Materials, Inc. (NASDAQ:ORGN)

Number of Hedge Fund Holders: 21

Materials company Origin Materials, Inc. (NASDAQ:ORGN) ranks 2nd in our list of the best value penny stocks to buy according to hedge funds. A total of 21 hedge funds in Insider Monkey’s database of hedge funds held stakes in Origin Materials, Inc. (NASDAQ:ORGN) as of the end of the second quarter of 2023. Origin Materials, Inc. (NASDAQ:ORGN) recently plunged after the company announced to extend the timeline of its key project amid a “higher-cost capital project environment.”

Origin Materials, Inc. (NASDAQ:ORGN) has lost about 76% in value over the past 12 months. Earlier in August Origin Materials, Inc. (NASDAQ:ORGN) posted Q2 results. GAAP EPS in the quarter came in at -$0.05 beating estimates by $0.07.