On Monday, Danimer Scientific Inc (NYSE: DNMR) opened higher 8.92% from the last session, before settling in for the closing price of $0.37. Price fluctuations for DNMR have ranged from $0.35 to $2.72 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 12.19% annually for the last half of the decade. Company’s average yearly earnings per share was noted 41.70% at the time writing. With a float of $105.70 million, this company’s outstanding shares have now reached $118.03 million.
In an organization with 257 employees, it is important to assess its efficiency.
Danimer Scientific Inc (DNMR) Insider Updates
A key investor’s attitude towards the stock of the Specialty Chemicals industry is another important factor to consider. The insider ownership of Danimer Scientific Inc is 10.45%, while institutional ownership is 34.76%. The most recent insider transaction that took place on Nov 28 ’23, was worth 46,915. In this transaction Director of this company bought 50,000 shares at a rate of $0.94, taking the stock ownership to the 50,000 shares. Before that another transaction happened on Nov 28 ’23, when Company’s Director bought 50,000 for $0.93, making the entire transaction worth $46,480. This insider now owns 391,324 shares in total.
Danimer Scientific Inc (DNMR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.38 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.36) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 41.70% per share during the next fiscal year.
Danimer Scientific Inc (NYSE: DNMR) Trading Performance Indicators
Check out the current performance indicators for Danimer Scientific Inc (DNMR). In the past quarter, the stock posted a quick ratio of 4.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.04.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.43, a number that is poised to hit -0.29 in the next quarter and is forecasted to reach -0.55 in one year’s time.
Technical Analysis of Danimer Scientific Inc (DNMR)
Let’s dig in a bit further. During the last 5-days, its volume was 1.3 million. That was better than the volume of 0.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.25%. Additionally, its Average True Range was 0.06.
During the past 100 days, Danimer Scientific Inc’s (DNMR) raw stochastic average was set at 5.49%, which indicates a significant decrease from 24.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 126.31% in the past 14 days, which was higher than the 104.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6040, while its 200-day Moving Average is $0.9513. However, in the short run, Danimer Scientific Inc’s stock first resistance to watch stands at $0.4520. Second resistance stands at $0.5060. The third major resistance level sits at $0.5720. If the price goes on to break the first support level at $0.3320, it is likely to go to the next support level at $0.2660. Assuming the price breaks the second support level, the third support level stands at $0.2120.
Danimer Scientific Inc (NYSE: DNMR) Key Stats
There are currently 116,431K shares outstanding in the company with a market cap of 46.98 million. Presently, the company’s annual sales total 46,680 K according to its annual income of -155,470 K. Last quarter, the company’s sales amounted to 10,220 K and its income totaled -27,260 K.
