In the last trading session, 1.04 million shares of the Danimer Scientific Inc. (NYSE:DNMR) were traded. Most recently the company’s share price was $3.26, and it changed around -$0.08 or -2.40% from the last close, which brings the market valuation of the company to $346.99M. DNMR currently trades at a discount to its 52-week high of $5.92, offering almost -81.6% off that amount. The share price’s 52-week low was $1.57, which indicates that the current value has risen by an impressive 51.84% since then. We note from Danimer Scientific Inc.’s average daily trading volume that its 10-day average is 0.81 million shares, with the 3-month average coming to 1.57 million.
Danimer Scientific Inc. (NYSE:DNMR) trade information
Instantly DNMR has showed a red trend with a performance of -2.40% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.56 on Tuesday, 05/23/23 increased the stock’s daily price by 8.43%. The company’s shares are currently up 82.12% year-to-date, but still up 7.59% over the last five days. On the other hand, Danimer Scientific Inc. (NYSE:DNMR) is 9.76% up in the 30-day period. We can see from the shorts that 15.8 million shares have been sold at a short interest cover period of 8.28 day(s).
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Danimer Scientific Inc. (DNMR) estimates and forecasts
Danimer Scientific Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 25.38 percent over the past six months and at a -25.44% annual growth rate that is well below the industry average of 6.00%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -57.70% in revenue this quarter, and will report a decrease of -20.00% in the next quarter. The year-over-year growth rate is expected to be 30.30%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $11.93 million in revenue for the current quarter. 3 analysts expect Danimer Scientific Inc. to make $13.9 million in revenue for the quarter ending Jun 2023. The company’s sales for the same quarters a year ago were $14.74 million and $12.7 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -19.10%. Forecasts for the next quarter put sales growth at 9.40%.
Danimer Scientific Inc.’s next quarterly earnings report is expected to be released around August 07 and August 11.
Danimer Scientific Inc. (NYSE:DNMR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.11% of Danimer Scientific Inc. shares, and 41.06% of them are in the hands of institutional investors. The stock currently has a share float of 44.68%. Danimer Scientific Inc. stock is held by 230 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2023, it held 5.77% of the shares, which is about 5.88 million shares worth $20.3 million.
Vanguard Group, Inc. (The), with 4.90% or 5.0 million shares worth $17.23 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2022. The former held 2.92 million shares worth $5.23 million, making up 2.86% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.95 million shares worth around $5.04 million, which represents about 1.92% of the total shares outstanding.