Danimer Scientific Inc (NYSE: DNMR) is -62.28% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $2.09 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 $0.34 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $0.38, the stock is 8.59% and -10.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 12.09% at the moment leaves the stock -51.29% off its SMA200. DNMR registered -79.32% loss for a year compared to 6-month loss of -71.08%.
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The stock witnessed a -7.30% gain in the last 1 month and extending the period to 3 months gives it a -36.93%, and is 16.58% up 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 15.64% over the week and 11.59% over the month.
Danimer Scientific Inc (DNMR) has around 257 employees, a market worth around $46.46M and $39.74M in sales. Profit margin for the company is -325.87%. Distance from 52-week low is 34.98% and -81.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.16%).
The EPS is expected to grow by 48.10% this year
178.0 institutions hold shares in Danimer Scientific Inc (DNMR), with institutional investors hold 34.30% of the company’s shares. The shares outstanding are 120.77M, and float is at 108.54M with Short Float at 17.32%. Institutions hold 31.04% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 10.42 million shares valued at $6.29 million. The investor’s holdings represent 10.0261 of the DNMR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.64 million shares valued at $2.8 million to account for 4.4662 of the shares outstanding. The other top investors are DME CAPITAL MANAGEMENT, LP which holds 2.73 million shares representing 2.6302 and valued at over $1.65 million, while INVESCO LTD. holds 1.8846 of the shares totaling 1.96 million with a market value of $1.18 million.
Danimer Scientific Inc (DNMR) Insider Activity
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 $0.94 per share for $46915.0. Following the transaction, the insider now directly holds 50000.0 shares of the DNMR stock.
Still, SEC filings show that on Nov 28 ’23, HENDRIX RICHARD J (Director) acquired 50,000 shares at an average price of $0.93 for $46480.0. The insider now directly holds 391,324 shares of Danimer Scientific Inc (DNMR).
