Danimer Scientific Inc. [NYSE: DNMR] slipped around -2.69 points on Tuesday, while shares priced at $34.15 at the close of the session, down -7.30%. The company report on March 31, 2021 that Danimer Scientific Investor Alert.
Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Danimer Scientific To Contact Him Directly To Discuss Their Options.
New York, New York–(Newsfile Corp. – March 30, 2021) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Danimer Scientific Inc. (“Danimer Scientific” or the “Company”) (NYSE: DNMR).
Danimer Scientific Inc. stock is now 45.26% up from its year-to-date (YTD) trading value. DNMR Stock saw the intraday high of $34.15 and lowest of $30.36 per share. The company’s 52-week high price is 66.30, which means current price is +68.89% above from all time high which was touched on 02/10/21.
Compared to the average trading volume of 2.62M shares, DNMR reached a trading volume of 6186658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 4.70 The Price to Book ratio for the last quarter was 4.38, with the Price to Cash per share for the same quarter was set at 2.42.
How has DNMR stock performed recently?
Danimer Scientific Inc. [DNMR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.84. With this latest performance, DNMR shares dropped by -15.03% in over the last four-week period, additionally plugging by 234.97% 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 38.62, with the RSI for the last a single of trading hit 32.22, and the three-weeks RSI is set at 42.86 for Danimer Scientific Inc. [DNMR]. The present Moving Average for the last 50 days of trading for this stock 43.72, while it was recorded at 37.55 for the last single week of trading, and 20.26 for the last 200 days.
Danimer Scientific Inc. [DNMR]: Deeper insight into the fundamentals
Insider trade positions for Danimer Scientific Inc. [DNMR]
There are presently around $571 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 $76.84 million in DNMR stocks shares; and CORSAIR CAPITAL MANAGEMENT, L.P., currently with $74.58 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.