Danimer Scientific Inc’s Market Journey: Closing Weak at 0.75, Down -8.33

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

The closing price of Danimer Scientific Inc (NYSE: DNMR) was $0.75 for the day, down -8.33% from the previous closing price of $0.82. In other words, the price has decreased by -$8.33 from its previous closing price. On the day, 0.74 million shares were traded. DNMR stock price reached its highest trading level at $0.8447 during the session, while it also had its lowest trading level at $0.7371.

Ratios:

Our analysis of DNMR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.91 and its Current Ratio is at 6.54. In the meantime, Its Debt-to-Equity ratio is 1.60 whereas as Long-Term Debt/Eq ratio is at 1.58.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DNMR now has a Market Capitalization of 87206824 and an Enterprise Value of 440105600. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 0.33. Its current Enterprise Value per Revenue stands at 9.784 whereas that against EBITDA is -5.346.

Stock Price History:

The Beta on a monthly basis for DNMR is 1.63, which has changed by -0.77371603 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, DNMR has reached a high of $3.56, while it has fallen to a 52-week low of $0.60. The 50-Day Moving Average of the stock is -27.72%, while the 200-Day Moving Average is calculated to be -43.97%.

Shares Statistics:

DNMR traded an average of 898.96K shares per day over the past three months and 851560 shares per day over the past ten days. A total of 116.43M shares are outstanding, with a floating share count of 103.67M. Insiders hold about 10.96% of the company’s shares, while institutions hold 28.62% stake in the company. Shares short for DNMR as of 1714435200 were 23153539 with a Short Ratio of 26.01, compared to 1711584000 on 20876463. Therefore, it implies a Short% of Shares Outstanding of 23153539 and a Short% of Float of 22.509999999999998.

Most Popular

[the_ad id="945"]