Danimer Scientific Inc. [DNMR] stock prices are up 14.89% to $2.70 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DNMR shares have gain 25.00% over the last week, with a monthly amount glided 50.00%, and seem to be holding up well over a long-time horizon.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
On 8, November 2022, Danimer Scientific Announces Third Quarter 2022 Results. In a post published today on Yahoo Finance, Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today financial results for its third quarter, ended September 30, 2022.
From an analyst’s perspective:
Danimer Scientific Inc. [NYSE: DNMR] stock has seen the most recent analyst activity on October 12, 2022, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $4.50. Previously, Cowen started tracking the stock with Outperform rating on September 23, 2021, and set its price target to $21. On January 06, 2021, Jefferies initiated with a Buy rating and assigned a price target of $31 on the stock.
The stock price of Danimer Scientific Inc. [DNMR] has been fluctuating between $1.57 and $6.78 over the past year. Currently, Wall Street analysts expect the stock to reach $6.13 within the next 12 months. Danimer Scientific Inc. [NYSE: DNMR] shares were valued at $2.70 at the most recent close of the market. An investor can expect a potential return of 127.04% based on the average DNMR price forecast.
Analyzing the DNMR fundamentals
The most recent quarter, Danimer Scientific Inc. [NYSE:DNMR] reported sales of 10.45 billion, representing a drop of -22.40%. Gross Margin for this corporation currently stands at -4.68% with Operating Margin at -169.18%, Pretax Margin comes in at -124.84%, and Net Margin reading is -102.31%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.53 points at the first support level, and at 2.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.82, and for the 2nd resistance point, it is at 2.93.
Danimer Scientific Inc. [DNMR] reported earnings per share of -$0.3 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.24/share, meaning a difference of -$0.06 and a surprise factor of -25.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.26 per share as compared to estimates of -$0.23 per share, a difference of -$0.03 representing a surprise of -13.00%.
Ratios To Look Out For
It’s worth pointing out that Danimer Scientific Inc. [NYSE:DNMR]’s Current Ratio is 5.20. As well, the Quick Ratio is 7.26, while the Cash Ratio is 6.59. Considering the valuation of this stock, the price to sales ratio is 13.50, the price to book ratio is 1.71.
Transactions by insiders
Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 5 selling 86,210 shares in the past 3 months. Recent insider trading involved Tuten Scott, Chief Marketing Officer, that happened on Jan 17 when 10000.0 shares were sold. Chief Marketing Officer, Tuten Scott completed a deal on Dec 19 to sell 10000.0 shares. Meanwhile, Chief Marketing Officer Tuten Scott sold 10000.0 shares on Nov 17.