Additionally, the 36-month beta value for DNMR is 1.57. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for DNMR is 108.54M and currently, short sellers hold a 17.32% ratio of that float. The average trading volume of DNMR on September 23, 2024 was 874.78K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
DNMR) stock’s latest price update
Danimer Scientific Inc (NYSE: DNMR)’s stock price has gone decline by -15.52 in comparison to its previous close of 0.38, however, the company has experienced a -17.72% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-14 that Danimer Scientific (DNMR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
DNMR’s Market Performance
Danimer Scientific Inc (DNMR) has experienced a -17.72% fall in stock performance for the past week, with a -21.91% drop in the past month, and a -47.16% drop in the past quarter. The volatility ratio for the week is 15.70%, and the volatility levels for the past 30 days are at 12.01% for DNMR. The simple moving average for the past 20 days is -7.85% for DNMR’s stock, with a -58.65% simple moving average for the past 200 days.
Analysts’ Opinion of DNMR
Many brokerage firms have already submitted their reports for DNMR stocks, with TD Cowen repeating the rating for DNMR by listing it as a “Hold.” The predicted price for DNMR in the upcoming period, according to TD Cowen is $1 based on the research report published on August 13, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see DNMR reach a price target of $0.80, previously predicting the price at $1.30. The rating they have provided for DNMR stocks is “Hold” according to the report published on May 22nd, 2024.
Piper Sandler gave a rating of “Neutral” to DNMR, setting the target price at $1.25 in the report published on April 09th of the current year.
DNMR Trading at -23.71% 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 -84.45% of loss for the given period.
Volatility was left at 12.01%, however, over the last 30 days, the volatility rate increased by 15.70%, as shares sank -15.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.24% lower at present.
During the last 5 trading sessions, DNMR fell by -17.72%, which changed the moving average for the period of 200-days by -71.98% in comparison to the 20-day moving average, which settled at $0.3496. In addition, Danimer Scientific Inc saw -68.14% 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 Scott Tuten, who proposed sale 46,308 shares at the price of $0.00 back on Aug 27 ’24. After this action, Scott Tuten now owns shares of Danimer Scientific Inc, valued at $0 using the latest closing price.
HENDRIX RICHARD J, the Director of Danimer Scientific Inc, purchase 50,000 shares at $0.94 during a trade that took place back on Nov 28 ’23, which means that HENDRIX RICHARD J is holding 50,000 shares at $46,915 based on the most recent closing price.
Stock Fundamentals for DNMR
Current profitability levels for the company are sitting at:
- -2.5 for the present operating margin
- -0.86 for the gross margin
The net margin for Danimer Scientific Inc stands at -3.26. The total capital return value is set at -0.15. Equity return is now at value -45.90, with -18.36 for asset returns.
Based on Danimer Scientific Inc (DNMR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 1.7. The interest coverage ratio of the stock is 21.18.
Currently, EBITDA for the company is -96.13 million with net debt to EBITDA at -4.92. When we switch over and look at the enterprise to sales, we see a ratio of 10.52. The receivables turnover for the company is 2.75for 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 4.52.
Conclusion
In conclusion, Danimer Scientific Inc (DNMR) has seen bad 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.
