The stock of Danimer Scientific Inc (DNMR) has gone up by 8.56% for the week, with a -25.57% drop in the past month and a 18.39% rise in the past quarter. The volatility ratio for the week is 10.23%, and the volatility levels for the past 30 days are 11.15% for DNMR.. The simple moving average for the past 20 days is -10.77% for DNMR’s stock, with a -43.32% simple moving average for the past 200 days.
Is It Worth Investing in Danimer Scientific Inc (NYSE: DNMR) Right Now?
Additionally, the 36-month beta value for DNMR is 1.60. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for DNMR is 101.72M and currently, short sellers hold a 20.52% ratio of that float. The average trading volume of DNMR on April 24, 2024 was 930.72K shares.
DNMR) stock’s latest price update
Danimer Scientific Inc (NYSE: DNMR)’s stock price has soared by 5.84 in relation to previous closing price of 0.80. Nevertheless, the company has seen a gain of 8.56% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that The heavy selling pressure might have exhausted for Danimer Scientific (DNMR) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Analysts’ Opinion of DNMR
Many brokerage firms have already submitted their reports for DNMR stocks, with Piper Sandler repeating the rating for DNMR by listing it as a “Neutral.” The predicted price for DNMR in the upcoming period, according to Piper Sandler is $1.25 based on the research report published on April 09, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see DNMR reach a price target of $4.50. The rating they have provided for DNMR stocks is “Overweight” according to the report published on October 12th, 2022.
Cowen gave a rating of “Outperform” to DNMR, setting the target price at $21 in the report published on September 23rd of the previous year.
DNMR Trading at -25.58% from the 50-Day Moving Average
After a stumble in the market that brought DNMR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.05% of loss for the given period.
Volatility was left at 11.15%, however, over the last 30 days, the volatility rate increased by 10.23%, as shares sank -21.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.72% lower at present.
During the last 5 trading sessions, DNMR rose by +8.56%, which changed the moving average for the period of 200-days by -64.94% in comparison to the 20-day moving average, which settled at $0.9393. In addition, Danimer Scientific Inc saw -16.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DNMR starting from HENDRIX RICHARD J, who purchase 50,000 shares at the price of $0.94 back on Nov 28 ’23. After this action, HENDRIX RICHARD J now owns 50,000 shares of Danimer Scientific Inc, valued at $46,915 using the latest closing price.
HENDRIX RICHARD J, the Director of Danimer Scientific Inc, purchase 50,000 shares at $0.93 during a trade that took place back on Nov 28 ’23, which means that HENDRIX RICHARD J is holding 391,324 shares at $46,480 based on the most recent closing price.
Stock Fundamentals for DNMR
Current profitability levels for the company are sitting at:
- -2.69 for the present operating margin
- -0.63 for the gross margin
The net margin for Danimer Scientific Inc stands at -3.33. The total capital return value is set at -0.18. Equity return is now at value -47.43, with -21.12 for asset returns.
Based on Danimer Scientific Inc (DNMR), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is -5.59.
Currently, EBITDA for the company is -96.13 million with net debt to EBITDA at -3.39. When we switch over and look at the enterprise to sales, we see a ratio of 9.55. The receivables turnover for the company is 2.47for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.87.
Conclusion
In conclusion, Danimer Scientific Inc (DNMR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
