Danimer Scientific Inc (NYSE: DNMR) is -67.64% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $1.84 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 $0.36 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.33, the stock is -19.43% and -14.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -8.56% at the moment leaves the stock -52.82% off its SMA200. DNMR registered -75.91% loss for a year compared to 6-month loss of -55.25%. The firm has a 50-day simple moving average (SMA 50) of $0.38542 and a 200-day simple moving average (SMA200) of $0.69973.
The stock witnessed a -25.60% gain in the last 1 month and extending the period to 3 months gives it a -11.05%, and is -17.87% 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 10.70% over the week and 10.10% over the month.
Danimer Scientific Inc (DNMR) has around 257 employees, a market worth around $39.87M and $39.74M in sales. Profit margin for the company is -325.87%. Distance from 52-week low is 15.82% and -82.06% 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
171.0 institutions hold shares in Danimer Scientific Inc (DNMR), with institutional investors hold 35.14% of the company’s shares. The shares outstanding are 120.77M, and float is at 108.90M with Short Float at 18.62%. Institutions hold 31.89% 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).
