Danimer Scientific Inc (NYSE:DNMR) has a beta value of 1.62 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $38.82M, closed the last trade at $0.32 per share which meant it lost -$0.01 on the day or -5.23% during that session. The DNMR stock price is -475.0% off its 52-week high price of $1.84 and 12.5% above the 52-week low of $0.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.6 million shares traded. The 3-month trading volume is 628.05K shares.
The consensus among analysts is that Danimer Scientific Inc (DNMR) is Hold stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.2.
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Danimer Scientific Inc (NYSE:DNMR) trade information
Sporting -5.23% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DNMR stock price touched $0.32 or saw a rise of 16.97%. Year-to-date, Danimer Scientific Inc shares have moved -69.06%, while the 5-day performance has seen it change -18.87%. Over the past 30 days, the shares of Danimer Scientific Inc (NYSE:DNMR) have changed -36.88%. Short interest in the company has seen 20.28 million shares shorted with days to cover at 29.86.
Wall Street analysts have a consensus price target for the stock at $0.9, which means that the shares’ value could jump 64.44% from current levels. The projected low price target is $0.8 while the price target rests at a high of $1.0. In that case, then, we find that the current price level is -212.5% off the targeted high while a plunge would see the stock gain -150.0% from current levels.
Danimer Scientific Inc (DNMR) estimates and forecasts
Figures show that Danimer Scientific Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -60.74% over the past 6 months, with this year growth rate of 46.71%, compared to 12.40% for the industry. Revenue growth from the last financial year stood is estimated to be -11.10%.
2 analysts offering their estimates for the company have set an average revenue estimate of 8.57M for the current quarter. 2 have an estimated revenue figure of 12.76M for the next ending quarter. Year-ago sales stood 10.95M and 10.95M respectively for this quarter and the next, and analysts expect sales will shrink by -21.70% for the current quarter and -11.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.65% over the past 5 years.
DNMR Dividends
Danimer Scientific Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Danimer Scientific Inc (NYSE:DNMR)’s Major holders
Insiders own 9.26% of the company shares, while shares held by institutions stand at 31.89% with a share float percentage of 35.14%. Investors are also buoyed by the number of investors in a company, with Danimer Scientific Inc having a total of 171.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 10.42 million shares worth more than $6.29 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 10.0261% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 4.64 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.8 million and represent 4.4662% of shares outstanding.
