Danimer Scientific Inc (NYSE: DNMR) on Friday, soared 9.43% from the previous trading day, before settling in for the closing price of $0.37. Within the past 52 weeks, DNMR’s price has moved between $0.32 and $2.20.
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Annual sales at Basic Materials sector company grew by 12.19% over the past five years. The company achieved an average annual earnings per share of 44.96%. With a float of $107.78 million, this company’s outstanding shares have now reached $120.17 million.
Let’s look at the performance matrix of the company that is accounted for 257 employees. In terms of profitability, gross margin is -86.2%, operating margin of -249.99%, and the pretax margin is -324.68%.
Danimer Scientific Inc (DNMR) Insider Updates
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Danimer Scientific Inc is 10.31%, while institutional ownership is 31.06%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.39 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.34) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 44.96% per share during the next fiscal year.
Danimer Scientific Inc (NYSE: DNMR) Trading Performance Indicators
Danimer Scientific Inc (DNMR) is currently performing well based on its current performance indicators. A quick ratio of 3.15 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.24, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.45 in one year’s time.
Technical Analysis of Danimer Scientific Inc (DNMR)
Danimer Scientific Inc (NYSE: DNMR) saw its 5-day average volume 0.57 million, a negative change from its year-to-date volume of 0.95 million. As of the previous 9 days, the stock’s Stochastic%D was 34.58%. Additionally, its Average True Range was 0.05.
During the past 100 days, Danimer Scientific Inc’s (DNMR) raw stochastic average was set at 9.76%, which indicates a significant decrease from 41.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 159.49% in the past 14 days, which was higher than the 97.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5464, while its 200-day Moving Average is $0.9016. Nevertheless, the first resistance level for the watch stands at $0.4192 in the near term. At $0.4336, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4622. If the price goes on to break the first support level at $0.3762, it is likely to go to the next support level at $0.3476. Assuming the price breaks the second support level, the third support level stands at $0.3332.
Danimer Scientific Inc (NYSE: DNMR) Key Stats
Market capitalization of the company is 48.66 million based on 116,431K outstanding shares. Right now, sales total 46,680 K and income totals -155,470 K. The company made 7,630 K in profit during its latest quarter, and -22,660 K in sales during its previous quarter.
