Danimer Scientific Inc. [NYSE: DNMR] closed the trading session at $49.98 on 03/19/21. The day’s price range saw the stock hit a low of $47.70, while the highest price level was $51.37. The company report on March 16, 2021 that Mars Wrigley and Danimer Scientific Help Environmentally Conscious Consumers to Compost at Home by Developing Biodegradable Packaging from Natural Ingredients.
Innovative partnership puts Mars Wrigley at forefront of sustainable packaging movement with eco-friendly technology made from nature that biodegrades in soil and oceans.
Mars Wrigley, the maker of some of the world’s most beloved treats and snacks, and Danimer Scientific (NYSE: DNMR), a leading developer and manufacturer of biodegradable materials, announced a two-year partnership to develop an innovative home compostable packaging for a more sustainable planet.
The stocks have a year to date performance of 112.59 percent and weekly performance of 19.46 percent. The stock has been moved at 392.41 percent over the last six months. The stock has performed 13.93 percent around the most recent 30 days and changed 198.21 percent over the most recent 3-months.
If compared to the average trading volume of 2.41M shares, DNMR reached to a volume of 6765603 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Danimer Scientific Inc. [DNMR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNMR shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNMR stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Danimer Scientific Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 06, 2021.
The Average True Range (ATR) for Danimer Scientific Inc. is set at 4.91 The Price to Book ratio for the last quarter was 6.42, with the Price to Cash per share for the same quarter was set at 2.48.
DNMR stock trade performance evaluation
Danimer Scientific Inc. [DNMR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.46. With this latest performance, DNMR shares gained by 13.93% in over the last four-week period, additionally plugging by 392.41% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNMR stock in for the last two-week period is set at 63.78, with the RSI for the last a single of trading hit 72.05, and the three-weeks RSI is set at 61.01 for Danimer Scientific Inc. [DNMR]. The present Moving Average for the last 50 days of trading for this stock 41.87, while it was recorded at 47.26 for the last single week of trading, and 19.22 for the last 200 days.
Danimer Scientific Inc. [DNMR]: An insightful look at the core fundamentals
Danimer Scientific Inc. [DNMR]: Insider Ownership positions
There are presently around $835 million, or 19.70% of DNMR stock, in the hands of institutional investors. The top three institutional holders of DNMR stocks are: ATALAYA CAPITAL MANAGEMENT LP with ownership of 2,380,806, which is approximately New of the company’s market cap and around 16.00% of the total institutional ownership; JEFFERIES GROUP LLC, holding 2,249,999 shares of the stock with an approximate value of $112.45 million in DNMR stocks shares; and CORSAIR CAPITAL MANAGEMENT, L.P., currently with $109.15 million in DNMR stock with ownership of nearly New of the company’s market capitalization.
68 institutional holders increased their position in Danimer Scientific Inc. [NYSE:DNMR] by around 16,194,377 shares. Additionally, 29 investors decreased positions by around 8,817,461 shares, while 1 investors held positions by with 8,297,444 shares. The mentioned changes placed institutional holdings at 16,714,394 shares, according to the latest SEC report filing. DNMR stock had 66 new institutional investments in for a total of 16,061,657 shares, while 23 institutional investors sold positions of 6,724,477 shares during the same period.