In the last trading session, 2.15 million Danimer Scientific Inc (NYSE:DNMR) shares changed hands as the company’s beta touched 1.58. With the company’s per share price at $0.25 changed hands at -$0.04 or -12.34% during last session, the market valuation stood at $27.99M. DNMR’s last price was a discount, traded about -636.0% off its 52-week high of $1.84. The share price had its 52-week low at $0.28, which suggests the last value was -12.0% down since then. When we look at Danimer Scientific Inc’s average trading volume, we note the 10-day average is 0.95 million shares, with the 3-month average coming to 650.26K.

Analysts gave the Danimer Scientific Inc (DNMR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended DNMR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Danimer Scientific Inc’s EPS for the current quarter is expected to be -0.2.

Danimer Scientific Inc (NYSE:DNMR) trade information

Instantly DNMR was in red as seen at the end of in last trading. With action -19.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -75.08%, with the 5-day performance at -19.46% in the red. However, in the 30-day time frame, Danimer Scientific Inc (NYSE:DNMR) is -39.08% down. Looking at the short shares, we see there were 20.28 million shares sold at short interest cover period of 29.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is 0.9, meaning bulls need an upside of 72.22% from its current market value. According to analyst projections, DNMR’s forecast low is 0.8 with 1 as the target high. To hit the forecast high, the stock’s price needs a -300.0% plunge from its current level, while the stock would need to soar -220.0% for it to hit the projected low.

Danimer Scientific Inc (DNMR) estimates and forecasts

Data shows that the Danimer Scientific Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -68.04% over the past 6 months, a 46.71% in annual growth rate that is considerably higher than the industry average of 8.00%. Year-over-year growth is forecast to reach -11.10% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 8.57M. 2 analysts are of the opinion that Danimer Scientific Inc’s revenue for the current quarter will be 12.76M. The company’s revenue for the corresponding quarters a year ago was 10.95M and 10.95M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -21.70%. The estimates for the next quarter sales put growth at 16.60%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -18.65%. The 2024 estimates are for Danimer Scientific Inc earnings to increase by 48.10%.

DNMR Dividends

Danimer Scientific Inc is expected to release its next quarterly earnings report in December.

Danimer Scientific Inc (NYSE:DNMR)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.26% of Danimer Scientific Inc shares while 31.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 35.20%. There are 31.94% institutions holding the Danimer Scientific Inc stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 10.0261% of the shares, roughly 10.42 million DNMR shares worth $6.29 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.4662% or 4.64 million shares worth $2.8 million as of 2024-06-30.