A share price of Danimer Scientific Inc [DNMR] is currently trading at $0.38, down -0.66%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DNMR shares have gain 9.27% over the last week, with a monthly amount glided 3.59%, 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 August 13, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $1 from $2. Previously, Jefferies downgraded its rating to Hold on May 22, 2024, and dropped its price target to $0.80. On April 09, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $1.25 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $4.50 on October 12, 2022. Cowen initiated its recommendation with a Outperform and recommended $21 as its price target on September 23, 2021. Jefferies started tracking with a Buy rating for this stock on January 06, 2021, and assigned it a price target of $31.
Danimer Scientific Inc experienced fluctuations in its stock price throughout the past year between $0.28 and $2.09. Currently, Wall Street analysts expect the stock to reach $0.9 within the next 12 months. Danimer Scientific Inc [NYSE: DNMR] shares were valued at $0.38 at the most recent close of the market. An investor can expect a potential return of 136.84% based on the average DNMR price forecast.
Analyzing the DNMR fundamentals
Trailing Twelve Months sales for Danimer Scientific Inc [NYSE:DNMR] were 39.74M which represents -40.71% decline. Gross Profit Margin for this corporation currently stands at -0.86% with Operating Profit Margin at -2.5%, Pretax Profit Margin comes in at -3.25%, and Net Profit Margin reading is -3.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.48 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.7.
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 0.3622 points at the first support level, and at 0.3495 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4005, and for the 2nd resistance point, it is at 0.4261.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Danimer Scientific Inc [NYSE:DNMR] is 4.52. Also, the Quick Ratio is 3.15, while the Cash Ratio stands at 2.1. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 0.19.
Transactions by insiders
Recent insider trading involved Scott Tuten, Officer, that happened on Aug 27 ’24 when 46308.0 shares were purchased. Director, HENDRIX RICHARD J completed a deal on Nov 28 ’23 to buy 50000.0 shares. Meanwhile, Director HENDRIX RICHARD J bought 50000.0 shares on Nov 28 ’23.
