The stock price of Danimer Scientific Inc (NYSE: DNMR) has surged by 9.32 when compared to previous closing price of 0.63, but the company has seen a 11.08% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-05-24 that BAINBRIDGE, Ga.–(BUSINESS WIRE)–Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading, next-generation bioplastics company focused on the production of biodegradable materials, announced that it received a notice from the New York Stock Exchange (“NYSE”) on May 21, 2024, that the Company is not currently in compliance with the NYSE’s continued listing standard requiring listed-company stock to maintain an average closing price of not less than $1.00 per share over a pe.
Is It Worth Investing in Danimer Scientific Inc (NYSE: DNMR) Right Now?
The 36-month beta value for DNMR is also noteworthy at 1.57. 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.”
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The public float for DNMR is 104.27M, and at present, short sellers hold a 21.27% of that float. The average trading volume of DNMR on June 26, 2024 was 761.32K shares.
DNMR’s Market Performance
The stock of Danimer Scientific Inc (DNMR) has seen a 11.08% increase in the past week, with a 1.98% rise in the past month, and a -32.91% fall in the past quarter. The volatility ratio for the week is 5.60%, and the volatility levels for the past 30 days are at 6.97% for DNMR. The simple moving average for the past 20 days is 2.62% for DNMR’s stock, with a -38.86% simple moving average for the past 200 days.
Analysts’ Opinion of DNMR
Many brokerage firms have already submitted their reports for DNMR stocks, with Jefferies repeating the rating for DNMR by listing it as a “Hold.” The predicted price for DNMR in the upcoming period, according to Jefferies is $0.80 based on the research report published on May 22, 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 $1.25, previously predicting the price at $3.50. The rating they have provided for DNMR stocks is “Neutral” according to the report published on April 09th, 2024.
Piper Sandler gave a rating of “Overweight” to DNMR, setting the target price at $4.50 in the report published on October 12th of the previous year.
DNMR Trading at -6.59% 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 -77.12% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 5.60%, as shares sank -3.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.77% lower at present.
During the last 5 trading sessions, DNMR rose by +11.77%, which changed the moving average for the period of 200-days by -63.41% in comparison to the 20-day moving average, which settled at $0.6721. In addition, Danimer Scientific Inc saw -32.25% 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:
- -2.48 for the present operating margin
- -0.7 for the gross margin
The net margin for Danimer Scientific Inc stands at -3.25. The total capital return value is set at -0.17. Equity return is now at value -47.77, with -19.91 for asset returns.
Based on Danimer Scientific Inc (DNMR), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 24.81.
Currently, EBITDA for the company is -96.13 million with net debt to EBITDA at -3.89. When we switch over and look at the enterprise to sales, we see a ratio of 9.64. The receivables turnover for the company is 2.82for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.54.
Conclusion
In summary, Danimer Scientific Inc (DNMR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
