On Monday, Danimer Scientific Inc (NYSE: DNMR) opened lower -12.34% from the last session, before settling in for the closing price of $0.29. Price fluctuations for DNMR have ranged from $0.28 to $1.84 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 12.19% over the past five years. Company’s average yearly earnings per share was noted 48.10% at the time writing. With a float of $108.90 million, this company’s outstanding shares have now reached $120.77 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 and Institutional Ownership
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 9.83%, while institutional ownership is 30.74%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.39 earnings per share (EPS) for the quarter, coming under the agreed prediction (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
Check out the current performance indicators for Danimer Scientific Inc (DNMR). In the past quarter, the stock posted a quick ratio of 3.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70.
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)
Danimer Scientific Inc (NYSE: DNMR) saw its 5-day average volume 1.28 million, a positive change from its year-to-date volume of 0.88 million. As of the previous 9 days, the stock’s Stochastic %D was 9.67%. Additionally, its Average True Range was 0.04.
During the past 100 days, Danimer Scientific Inc’s (DNMR) raw stochastic average was set at 0.86%, which indicates a significant decrease from 2.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.67% in the past 14 days, which was lower than the 115.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3757, while its 200-day Moving Average is $0.6837. Nevertheless, the first resistance level for the watch stands at $0.2828 in the near term. At $0.3114, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.3278. If the price goes on to break the first support level at $0.2378, it is likely to go to the next support level at $0.2214. The third support level lies at $0.1928 if the price breaches the second support level.
Danimer Scientific Inc (NYSE: DNMR) Key Stats
There are currently 120,170K shares outstanding in the company with a market cap of 27.99 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 7,630 K and its income totaled -22,660 K.
