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As of close of business last night, Danimer Scientific Inc’s stock clocked out at $0.51, down -1.00% from its previous closing price of $0.52. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 0.82 million shares were traded. DNMR stock price reached its highest trading level at $0.5955 during the session, while it also had its lowest trading level at $0.5121.
Ratios:
To gain a deeper understanding of DNMR’s stock, we examine its different ratios. 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, Jefferies on May 22, 2024, Downgraded its rating to Hold and sets its target price to $0.80 from $1.30 previously.
On April 09, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $3.50 to $1.25.
On October 12, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $4.50.Piper Sandler initiated its Overweight rating on October 12, 2022, with a $4.50 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
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 60739264 and an Enterprise Value of 413419680. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 9.191 whereas that against EBITDA is -5.022.
Stock Price History:
Over the past 52 weeks, DNMR has reached a high of $2.92, while it has fallen to a 52-week low of $0.51. The 50-Day Moving Average of the stock is -20.67%, while the 200-Day Moving Average is calculated to be -48.03%.
Shares Statistics:
It appears that DNMR traded 890.64K shares on average per day over the past three months and 475020 shares per day over the past ten days. A total of 118.03M shares are outstanding, with a floating share count of 105.70M. Insiders hold about 10.45% of the company’s shares, while institutions hold 35.14% stake in the company. Shares short for DNMR as of 1721001600 were 20515516 with a Short Ratio of 23.03, compared to 1718323200 on 22535862. Therefore, it implies a Short% of Shares Outstanding of 20515516 and a Short% of Float of 19.09.
