At the time of writing, Danimer Scientific Inc [DNMR] stock is trading at $0.68, up 12.49%. 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 25.93% over the last week, with a monthly amount glided 0.29%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Danimer Scientific Inc [NYSE: DNMR] stock has seen the most recent analyst activity on May 22, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $0.80 from $1.30. Previously, Piper Sandler downgraded its rating to Neutral on April 09, 2024, and dropped its price target to $1.25. On October 12, 2022, Piper Sandler initiated with a Overweight rating and assigned a price target of $4.50 on the stock. Cowen started tracking the stock assigning a Outperform rating and suggested a price target of $21 on September 23, 2021. Jefferies initiated its recommendation with a Buy and recommended $31 as its price target on January 06, 2021.
For the past year, the stock price of Danimer Scientific Inc fluctuated between $0.53 and $3.02. Currently, Wall Street analysts expect the stock to reach $1.02 within the next 12 months. Danimer Scientific Inc [NYSE: DNMR] shares were valued at $0.68 at the most recent close of the market. An investor can expect a potential return of 50.0% based on the average DNMR price forecast.
Analyzing the DNMR fundamentals
According to Danimer Scientific Inc [NYSE:DNMR], the company’s sales were 44.98M for trailing twelve months, which represents an -14.27% plunge. Gross Profit Margin for this corporation currently stands at -0.7% with Operating Profit Margin at -2.48%, Pretax Profit Margin comes in at -3.24%, and Net Profit Margin reading is -3.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is -0.5 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.52.
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 0.6364 points at the first support level, and at 0.5928 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7039, and for the 2nd resistance point, it is at 0.7278.
Ratios To Look Out For
It is important to note that Danimer Scientific Inc [NYSE:DNMR] has a current ratio of 6.54. As well, the Quick Ratio is 4.91, while the Cash Ratio is 3.58. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 0.30.
Transactions by insiders
Recent insider trading involved HENDRIX RICHARD J, Director, that happened on Nov 28 ’23 when 50000.0 shares were purchased. Director, HENDRIX RICHARD J completed a deal on Nov 28 ’23 to buy 50000.0 shares.
