Danimer Scientific Inc (NYSE: DNMR) is -58.00% 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 $0.38 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $0.43, the stock is 20.99% and 7.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 11.48% at the moment leaves the stock -44.22% off its SMA200. DNMR registered -76.07% loss for a year compared to 6-month loss of -60.70%. The firm has a 50-day simple moving average (SMA 50) of $0.39746 and a 200-day simple moving average (SMA200) of $0.76535.
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The stock witnessed a 25.45% gain in the last 1 month and extending the period to 3 months gives it a -28.98%, and is 31.82% 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 7.64% over the week and 11.39% over the month.
Danimer Scientific Inc (DNMR) has around 257 employees, a market worth around $51.74M and $39.74M in sales. Profit margin for the company is -325.87%. Distance from 52-week low is 50.32% and -79.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.16%).
with sales reaching $8.57M over the same period.The EPS is expected to grow by 48.10% this year, but quarterly earnings will post -11.10% year-over-year. Quarterly sales are estimated to shrink -21.70% in year-over-year returns.
Danimer Scientific Inc (DNMR) Top Institutional Holders
178.0 institutions hold shares in Danimer Scientific Inc (DNMR), with institutional investors hold 35.04% of the company’s shares. The shares outstanding are 120.77M, and float is at 108.84M with Short Float at 17.55%. Institutions hold 31.72% 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
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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).
