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In the latest session, Danimer Scientific Inc (NYSE: DNMR) closed at $0.29 down -8.81% from its previous closing price of $0.32. In other words, the price has decreased by -$8.81 from its previous closing price. On the day, 1.39 million shares were traded. DNMR stock price reached its highest trading level at $0.31 during the session, while it also had its lowest trading level at $0.2858.
Ratios:
For a deeper understanding of Danimer Scientific Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.15 and its Current Ratio is at 4.52. In the meantime, Its Debt-to-Equity ratio is 1.79 whereas as Long-Term Debt/Eq ratio is at 1.74.
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, TD Cowen on August 13, 2024, Downgraded its rating to Hold and sets its target price to $1 from $2 previously.
On May 22, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $1.30 to $0.80.
Piper Sandler Downgraded its Overweight to Neutral on April 09, 2024, whereas the target price for the stock was revised from $3.50 to $1.25.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 27 ’24 when Scott Tuten bought 46,308 shares for $0.00 per share.
HENDRIX RICHARD J bought 50,000 shares of DNMR for $46,915 on Nov 28 ’23. The Director now owns 50,000 shares after completing the transaction at $0.94 per share. On Nov 28 ’23, another insider, HENDRIX RICHARD J, who serves as the Director of the company, bought 50,000 shares for $0.93 each. As a result, the insider paid 46,480 and bolstered with 391,324 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 35023880 and an Enterprise Value of 413665344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 0.14. Its current Enterprise Value per Revenue stands at 10.408 whereas that against EBITDA is -5.935.
Stock Price History:
Over the past 52 weeks, DNMR has reached a high of $1.84, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is -23.30%, while the 200-Day Moving Average is calculated to be -57.72%.
Shares Statistics:
For the past three months, DNMR has traded an average of 646.37K shares per day and 948240 over the past ten days. A total of 120.77M shares are outstanding, with a floating share count of 108.90M. Insiders hold about 9.83% of the company’s shares, while institutions hold 30.74% stake in the company. Shares short for DNMR as of 1728950400 were 20276078 with a Short Ratio of 31.37, compared to 1726185600 on 19099101. Therefore, it implies a Short% of Shares Outstanding of 20276078 and a Short% of Float of 18.89.
