Danimer Scientific Inc (NYSE: DNMR) is -15.42% lower on its value in year-to-date trading and has touched a low of $0.60 and a high of $4.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DNMR stock was last observed hovering at around $0.94 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $0.86, the stock is -25.08% and -22.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -8.19% at the moment leaves the stock -44.67% off its SMA200. DNMR registered -77.77% loss for a year compared to 6-month loss of -51.53%. The firm has a 50-day simple moving average (SMA 50) of $9.58 and a 200-day simple moving average (SMA200) of -$4.65.
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The stock witnessed a -48.03% gain in the last 1 month and extending the period to 3 months gives it a -6.24%, and is -19.37% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.40% over the week and 13.49% over the month.
Danimer Scientific Inc (DNMR) has around 257 employees, a market worth around $98.55M and $46.68M in sales. Profit margin for the company is -333.03%. Distance from 52-week low is 43.78% and -80.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.82%).
Danimer Scientific Inc quarterly earnings per share for the current quarter are estimated at -$0.26 with sales reaching $11.06M over the same period.The EPS is expected to grow by 41.01% this year, but quarterly earnings will post 55.50% year-over-year. Quarterly sales are estimated to shrink -7.30% in year-over-year returns.
194 institutions hold shares in Danimer Scientific Inc (DNMR), with institutional investors hold 33.38% of the company’s shares. The shares outstanding are 102.83M, and float is at 101.72M with Short Float at 20.52%. Institutions hold 30.96% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 6.0 million shares valued at $14.27 million. The investor’s holdings represent 5.88% of the DNMR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.0 million shares valued at $11.9 million to account for 4.90% of the shares outstanding. The other top investors are Teramo Advisors, LLC which holds 3.56 million shares representing 3.49% and valued at over $8.48 million, while Greenlight Capital, Inc. holds 2.50% of the shares totaling 2.55 million with a market value of $6.07 million.
Danimer Scientific Inc (DNMR) Insider Activity
The most recent transaction is an insider purchase by HENDRIX RICHARD J, the company’s Director. SEC filings show that HENDRIX RICHARD J bought 50,000 shares of the company’s common stock on Nov 28 ’23 at a price of $0.94 per share for a total of $46915.0. Following the purchase, the insider now owns 50000.0 shares.
Danimer Scientific Inc disclosed in a document filed with the SEC on Nov 28 ’23 that HENDRIX RICHARD J (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 28 ’23 and was made at $0.93 per share for $46480.0. Following the transaction, the insider now directly holds 0.39 million shares of the DNMR stock.
Still, SEC filings show that on Jun 20 ’23, Tuten Scott (Chief Marketing Officer) disposed off 10,000 shares at an average price of $2.74 for $27390.0. The insider now directly holds 346,478 shares of Danimer Scientific Inc (DNMR).
