In recent trading session, Danimer Scientific Inc (NYSE:DNMR) saw 0.89 million shares changing hands at last check today with its beta currently measuring 1.54. Company’s recent per share price level of $1.24 trading at -$0.09 or -6.77% at last check today assigns it a market valuation of $126.52M. That most recent trading price of DNMR’s stock is at a discount of -270.16% from its 52-week high price of $4.59 and is indicating a premium of 51.61% from its 52-week low price of $0.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 1.10 million if we extend that period to 3-months.
Danimer Scientific Inc (NYSE:DNMR) trade information
Upright in the red during last session for losing -6.77%, in the last five days DNMR remained trading in the red while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $1.24 price level, adding 14.48% to its value on the day. Danimer Scientific Inc’s shares saw a change of 21.57% in year-to-date performance and have moved -9.49% in past 5-day. Danimer Scientific Inc (NYSE:DNMR) showed a performance of 12.73% in past 30-days. Number of shares sold short was 22.1 million shares which calculate 22.61 days to cover the short interests.
Danimer Scientific Inc (DNMR) estimates and forecasts
Statistics highlight that Danimer Scientific Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -32.61% of value to its shares in past 6 months, showing an annual growth rate of -34.21% while that of industry is 6.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -3.20% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.57 million for the same. And 3 analysts are in estimates of company making revenue of $12.72 million in the next quarter that will end on Mar 2024. Company posted $15.32 million and $11.93 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -24.50% while estimating it to be 6.70% for the next quarter.
DNMR Dividends
Danimer Scientific Inc is more likely to be releasing its next quarterly report on March 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Danimer Scientific Inc (NYSE:DNMR)’s Major holders
Insiders are in possession of 8.11% of company’s total shares while institution are holding 34.66 percent of that, with stock having share float percentage of 37.72%. Investors also watch the number of corporate investors in a company very closely, which is 34.66% institutions for Danimer Scientific Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at DNMR for having 6.25 million shares of worth $7.47 million. And as of Dec 30, 2023, it was holding 6.12% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 5.02 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 4.92% of outstanding shares, having a total worth of $6.0 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 2.92 million shares of worth $3.49 million or 2.86% of the total outstanding shares. The later fund manager was in possession of 2.21 million shares on Jan 30, 2024, making its stake of worth around $2.64 million in the company or a holder of 2.16% of company’s stock.
