Danimer Scientific Inc. [DNMR] Is Currently -6.18 below its 200 Period Moving Avg: What Does This Mean?



Danimer Scientific Inc. [NYSE: DNMR] price plunged by -6.18 percent to reach at -$0.44. The company report on January 11, 2022 that Danimer Scientific to Attend the CJS Securities 22nd Annual New Ideas for the New Year Conference.

Danimer Scientific, Inc. (NYSE: DNMR) (“Danimer” or the “Company”), a leading next generation bioplastics company focused on the development and production of biodegradable materials, announced today that members of Danimer management will participate in the CJS Securities 22nd Annual New Ideas for the New Year Conference to be held virtually on Wednesday, January 12, 2022.

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A sum of 2739177 shares traded at recent session while its average daily volume was at 2.85M shares. Danimer Scientific Inc. shares reached a high of $7.24 and dropped to a low of $6.65 until finishing in the latest session at $6.68.

The one-year DNMR stock forecast points to a potential upside of 73.63. The average equity rating for DNMR stock is currently 1.70, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $25.33 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 1.70. 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.

Cowen have made an estimate for Danimer Scientific Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 23, 2021. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on January 06, 2021, representing the official price target for Danimer Scientific Inc. stock.

The Average True Range (ATR) for Danimer Scientific Inc. is set at 0.75, with the Price to Sales ratio for DNMR stock in the period of the last 12 months amounting to 7.54. The Price to Book ratio for the last quarter was 1.24.

DNMR Stock Performance Analysis:

Danimer Scientific Inc. [DNMR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.05. With this latest performance, DNMR shares dropped by -38.66% in over the last four-week period, additionally sinking by -65.14% over the last 6 months – not to mention a drop of -75.93% in the past year of trading.

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 26.90, with the RSI for the last a single of trading hit 22.47, and the three-weeks RSI is set at 30.48 for Danimer Scientific Inc. [DNMR]. The present Moving Average for the last 50 days of trading for this stock 12.05, while it was recorded at 7.18 for the last single week of trading, and 18.48 for the last 200 days.

Insight into Danimer Scientific Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Danimer Scientific Inc. [DNMR] shares currently have an operating margin of -33.25 and a Gross Margin at +22.17. Danimer Scientific Inc.’s Net Margin is presently recorded at -18.70.

Return on Total Capital for DNMR is now -7.16, given the latest momentum, and Return on Invested Capital for the company is -4.30. Return on Equity for this stock declined to -4.97, with Return on Assets sitting at -3.24. When it comes to the capital structure of this company, Danimer Scientific Inc. [DNMR] has a Total Debt to Total Equity ratio set at 23.53. Additionally, DNMR Total Debt to Total Capital is recorded at 19.05, with Total Debt to Total Assets ending up at 15.34. Long-Term Debt to Equity for the company is recorded at 15.61, with the Long-Term Debt to Total Capital now at 12.63.

Reflecting on the efficiency of the workforce at the company, Danimer Scientific Inc. [DNMR] managed to generate an average of -$46,595 per employee. Receivables Turnover for the company is 11.73 with a Total Asset Turnover recorded at a value of 0.17.Danimer Scientific Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.60 and a Current Ratio set at 7.40.

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Danimer Scientific Inc. [DNMR] Insider Position Details

There are presently around $357 million, or 49.90% of DNMR stock, in the hands of institutional investors. The top three institutional holders of DNMR stocks are: VANGUARD GROUP INC with ownership of 7,471,710, which is approximately 23.323% of the company’s market cap and around 8.70% of the total institutional ownership; INVESCO LTD., holding 6,866,156 shares of the stock with an approximate value of $48.89 million in DNMR stocks shares; and BLACKROCK INC., currently with $31.73 million in DNMR stock with ownership of nearly -2.235% of the company’s market capitalization.

Positions in Danimer Scientific Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 97 institutional holders increased their position in Danimer Scientific Inc. [NYSE:DNMR] by around 12,226,078 shares. Additionally, 108 investors decreased positions by around 7,623,955 shares, while 39 investors held positions by with 30,308,181 shares. The mentioned changes placed institutional holdings at 50,158,214 shares, according to the latest SEC report filing. DNMR stock had 28 new institutional investments in for a total of 2,871,335 shares, while 52 institutional investors sold positions of 4,298,981 shares during the same period.