Danimer Scientific Inc (NYSE: DNMR) kicked off on Friday, up 19.70% from the previous trading day, before settling in for the closing price of $0.33. Over the past 52 weeks, DNMR has traded in a range of $0.28-$2.09.
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During the last 5-year period, the sales growth of Basic Materials Sector giant was 12.19%. While this was happening, its average annual earnings per share was recorded 48.10%. With a float of $108.00 million, this company’s outstanding shares have now reached $120.17 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Danimer Scientific Inc is 10.13%, while institutional ownership is 30.95%. The most recent insider transaction that took place on Aug 27 ’24, was worth 0. Before that another transaction happened on Nov 28 ’23, when Company’s Director bought 50,000 for $0.94, making the entire transaction worth $46,915. This insider now owns 50,000 shares in total.
Danimer Scientific Inc (DNMR) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.39 earnings per share (EPS), lower than consensus estimate (set at -0.34) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.10% per share during the next fiscal year.
Danimer Scientific Inc (NYSE: DNMR) Trading Performance Indicators
Take a look at Danimer Scientific Inc’s (DNMR) current performance indicators. Last quarter, stock had a quick ratio of 3.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.24, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.39 in one year’s time.
Technical Analysis of Danimer Scientific Inc (DNMR)
Looking closely at Danimer Scientific Inc (NYSE: DNMR), its last 5-days average volume was 0.75 million, which is a drop from its year-to-date volume of 0.91 million. As of the previous 9 days, the stock’s Stochastic %D was 59.91%. Additionally, its Average True Range was 0.04.
During the past 100 days, Danimer Scientific Inc’s (DNMR) raw stochastic average was set at 17.19%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 106.18% in the past 14 days, which was higher than the 102.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4403, while its 200-day Moving Average is $0.7995. However, in the short run, Danimer Scientific Inc’s stock first resistance to watch stands at $0.4167. Second resistance stands at $0.4383. The third major resistance level sits at $0.4817. If the price goes on to break the first support level at $0.3517, it is likely to go to the next support level at $0.3083. Should the price break the second support level, the third support level stands at $0.2867.
Danimer Scientific Inc (NYSE: DNMR) Key Stats
The company with the Market Capitalisation of 47.47 million has total of 116,431K Shares Outstanding. Its annual sales at the moment are 46,680 K in contrast with the sum of -155,470 K annual income. Company’s last quarter sales were recorded 7,630 K and last quarter income was -22,660 K.
