In the last trading session, 1.27 million shares of the Danimer Scientific Inc (NYSE:DNMR) were traded, and its beta was 1.59. Most recently the company’s share price was $0.39, and it changed around $0.0 or -1.32% from the last close, which brings the market valuation of the company to $46.98M. DNMR currently trades at a discount to its 52-week high of $1.84, offering almost -371.79% off that amount. The share price’s 52-week low was $0.28, which indicates that the current value has risen by an impressive 28.21% since then. We note from Danimer Scientific Inc’s average daily trading volume that its 10-day average is 0.55 million shares, with the 3-month average coming to 655.82K.
Danimer Scientific Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended DNMR as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Danimer Scientific Inc is expected to report earnings per share of -0.2 for the current quarter.
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Danimer Scientific Inc (NYSE:DNMR) trade information
Instantly DNMR has showed a red trend with a performance of -1.32% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4500 on recent trading dayincreased the stock’s daily price by 13.33%. The company’s shares are currently down -61.86% year-to-date, but still down -4.33% over the last five days. On the other hand, Danimer Scientific Inc (NYSE:DNMR) is -9.20% down in the 30-day period. We can see from the shorts that 20.28 million shares have been sold at a short interest cover period of 29.86 day(s).
The consensus price target as assigned by Wall Street analysts is $0.9, which translates to bulls needing to increase their stock price by 56.67% from its current value. Analyst projections state that DNMR is forecast to be at a low of $0.8 and a high of $1.
Danimer Scientific Inc (DNMR) estimates and forecasts
Danimer Scientific Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.63 percent over the past six months and at a 46.71% annual growth rate that is well above the industry average of 14.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 48.70% in revenue this quarter, and will report an increase of 56.40% in the next quarter. The year-over-year growth rate is expected to be -11.10%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 8.57M in revenue for the current quarter. 2 analysts expect Danimer Scientific Inc to make 12.76M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 10.95M and 10.95M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -21.70%. Forecasts for the next quarter put sales growth at 16.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.65%.
DNMR Dividends
Danimer Scientific Inc’s next quarterly earnings report is expected to be released in November.
Danimer Scientific Inc (NYSE:DNMR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.26% of Danimer Scientific Inc shares, and 31.89% of them are in the hands of institutional investors. The stock currently has a share float of 35.14%. Danimer Scientific Inc stock is held by 173.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 10.0261% of the shares, which is about 10.42 million shares worth $6.29 million.
VANGUARD GROUP INC, with 4.4662% or 4.64 million shares worth $2.8 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
