During the recent session, Danimer Scientific Inc (NYSE:DNMR)’s traded shares were 0.41 million, with the beta value of the company hitting 1.63. The 52-week high for the DNMR share is $1.84, that puts it down -457.58 from that peak though still a striking 15.15% gain since the share price plummeted to a 52-week low of $0.28. The company’s market capitalization is $40.14M, and the average intraday trading volume over the past 10 days was 0.59 million shares, and the average trade volume was 635.13K shares over the past three months.
Danimer Scientific Inc (DNMR) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. DNMR has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
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Danimer Scientific Inc (NYSE:DNMR) trade information
Danimer Scientific Inc (DNMR) registered a 1.65% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.65% in intraday trading to $0.33, hitting a weekly high. The stock’s 5-day price performance is -15.68%, and it has moved by -23.83% in 30 days. Based on these gigs, the overall price performance for the year is -75.19%. The short interest in Danimer Scientific Inc (NYSE:DNMR) is 20.28 million shares and it means that shorts have 29.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $0.9, which implies an increase of 63.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.8 and $1 respectively. As a result, DNMR is trading at a discount of -203.03% off the target high and -142.42% off the low.
Danimer Scientific Inc (DNMR) estimates and forecasts
Statistics show that Danimer Scientific Inc has outperformed its competitors in share price, compared to the industry in which it operates. Danimer Scientific Inc (DNMR) shares have gone down -58.71% during the last six months, with a year-to-date growth rate more than the industry average at 46.71% against 12.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.65%. While earnings are projected to return 48.10% in 2024.
DNMR Dividends
Danimer Scientific Inc is due to release its next quarterly earnings on 2024-Nov-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Danimer Scientific Inc (NYSE:DNMR)’s Major holders
Danimer Scientific Inc insiders own 9.26% of total outstanding shares while institutional holders control 31.89%, with the float percentage being 35.14%. ARMISTICE CAPITAL, LLC is the largest shareholder of the company, while 171.0 institutions own stock in it. As of 2024-06-30, the company held over 10.42 million shares (or 10.0261% of all shares), a total value of $6.29 million in shares.
The next largest institutional holding, with 4.64 million shares, is of VANGUARD GROUP INC’s that is approximately 4.4662% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.8 million.
