As of Friday close, Danimer Scientific Inc.’s (NYSE:DNMR) stock was up $0.13, moving up 6.74 percent to $2.06. The average number of shares traded per day over the past five days has been 1,216,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0800 fall in that time frame. In the last twenty days, the average volume was 953,795, while in the previous 50 days, it was 990,130.
Since last month, DNMR stock retreated -28.72%. Shares of the company fell to $1.9000 on 08/18/23, the lowest level in the past month. A 52-week high of $5.37 was reached on 04/04/23 after having rallying from a 52-week low of $1.57. Since the beginning of this year, DNMR’s stock price has risen by 15.08% or $0.2700, and marked a new high 16 times. However, the stock has declined by -61.64% since its 52-week high.
DNMR stock investors should be aware that Danimer Scientific Inc. (DNMR) stock had its last reported insider trading activity 60 days ago on Jun 20. Tuten Scott, the Chief Marketing Officer of the company, disposed of 10,000 shares for $2.74 on Jun 20. It resulted in a $27,390 divestment by the insider. Tuten Scott sold 10,000 shares at an average price of $3.38 on May 17. The insider now owns 356,478 shares following the transaction. On Apr 17, Chief Marketing Officer Tuten Scott sold 10,000 shares at $4.26 apiece. The transaction was valued at $42,619.
Valuation Metrics
The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 4.21, the price-to-book (PB) ratio of 0.59.
Financial Health
In the three months ended June 29, Danimer Scientific Inc.’s quick ratio stood at 5.90, while its current ratio was 7.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.05, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is -27.90% percent. Based on annual data, DNMR earned -$10.41 million in gross profit and brought in $53.22 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -28.20%. Return on equity (ROE) for the past 12 months was -45.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. DNMR’s revenue rose 1.32% to $11.93 million during the quarter, while net income inched up to $12.87 million. While analysts expected Danimer Scientific Inc. to report -$0.36 quarterly earnings, the actual figure was -$0.38 per share, beating the consensus estimate by -5.60%. During the quarter, the company generated -$21.33 million in EBITDA. The liabilities of Danimer Scientific Inc. were 413.97 million at the end of its most recent quarter ended June 29, and its total debt was $403.18 million. The value of shareholders’ equity is $102.03 million.
Technical Picture
This quick technical analysis looks at Danimer Scientific Inc.’s (DNMR) price momentum. With a historical volatility rate of 78.05%, the RSI 9-day stood at 34.32% on 18 August.
With respect to its five-day moving average, the current Danimer Scientific Inc. price is down by -3.74% percent or -$0.0800. At present, DNMR shares trade -28.47% below its 20-day simple moving average and -23.70% percent below its 100-day simple moving average. However, the stock is currently trading approximately -37.76% below its SMA50 and -21.37% below its SMA200.
Stochastic coefficient K was 12.29% and Stochastic coefficient D was 9.32%, while ATR was 0.1800. Given the Stochastic reading of 18.29% for the 14-day period, the RSI (14) reading has been calculated as 35.84%. As of today, the MACD Oscillator reading stands at -0.1600, while the 14-day reading stands at -0.3000.
With a median target price of $4.75, the current consensus forecast for the stock is $2.75 – $8.00. Based on these forecasts, analysts predict Danimer Scientific Inc. (DNMR) will achieve an average price target of $5.10.
