Danimer Scientific Inc (NYSE: DNMR) closed the day trading at $0.79 down -8.83% from the previous closing price of $0.86. On the day, 1777268 shares were traded.
Ratios:
For a better understanding of DNMR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.26 and its Current Ratio is at 6.87. In the meantime, Its Debt-to-Equity ratio is 1.47 whereas as Long-Term Debt/Eq ratio is at 1.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on April 09, 2024, Downgraded its rating to Neutral and sets its target price to $1.25 from $3.50 previously.
On October 12, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $4.50.
On September 23, 2021, Cowen started tracking the stock assigning a Outperform rating and target price of $21.Cowen initiated its Outperform rating on September 23, 2021, with a $21 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 28 ’23 when HENDRIX RICHARD J bought 50,000 shares for $0.94 per share. The transaction valued at 46,915 led to the insider holds 50,000 shares of the business.
HENDRIX RICHARD J bought 50,000 shares of DNMR for $46,480 on Nov 28 ’23. The Director now owns 391,324 shares after completing the transaction at $0.93 per share. On Jun 20 ’23, another insider, Tuten Scott, who serves as the Chief Marketing Officer of the company, sold 10,000 shares for $2.74 each. As a result, the insider received 27,390 and left with 346,478 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 0.29.
Stock Price History:
Over the past 52 weeks, DNMR has reached a high of $4.45, while it has fallen to a 52-week low of $0.60.
Shares Statistics:
A total of 102.83M shares are outstanding, with a floating share count of 101.72M. Insiders hold about 10.96% of the company’s shares, while institutions hold 30.62% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from Danimer Scientific, Inc. analysts.
