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Tuesday, September 26, 2023

Analysts Point To Danimer Scientific Inc. (NYSE: DNMR) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Danimer Scientific Inc. (DNMR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.99%, to $2.00. The Danimer Scientific Inc. has recorded 1,717 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Danimer Scientific Announces Second Quarter 2023 Results.

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Stocks Info

As a NYSE listed company, DNMR falls under the Basic Materials sector while operating within the Specialty Chemicals industry segment. At the end of the last regular session, the stock closed at $2.02 and fluctuated between $2.0798 as its day high and $1.9900 as its day low. The current market capitalization of Danimer Scientific Inc. is $204.97M. A total of 0.7 million shares were traded on the day, compared to an average of 947.12K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, DNMR has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 10,000 shares. Over the last 12 months, there were 2 BUYs and 15 SELLs from insiders. Insiders purchased 73,023 shares during that period but sold 190,457.

In the most recent transaction, Tuten Scott sold 10,000 shares of DNMR for 2.74 per share on Jun 20. After the transaction, the Chief Marketing Officer now owns 346,478 company shares. In a previous transaction on May 17, Tuten Scott sold 10,000 shares at 3.38 per share. DNMR shares that Chief Marketing Officer owns now total 356,478.

Among the insiders who sold shares, Tuten Scott disposed of 10,000 shares on Apr 17 at a per-share price of $4.26. This resulted in the Chief Marketing Officer holding 365,210 shares of DNMR after the transaction. In another insider transaction, Tuten Scott sold 10,000 shares at $2.10 per share on Mar 17. Company shares held by the Chief Marketing Officer now total 375,210.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for DNMR in the last 3 months, the mean price target is $4.60 with high estimates of $6.50 and low estimates of $2.75. In terms of 52-week highs and lows, DNMR has a high of $4.59 and a low of $1.57.

As of this writing, DNMR has an earnings estimate of -$0.36 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.34 per share and a lower estimate of -$0.38. The company reported an EPS of -$0.36 in the last quarter, which was -5.90% lower than expectations of -$0.34.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. DNMR’s latest balance sheet shows that the firm has $286.49M in Cash & Short Term Investments as of fiscal 2021. There were $287.32M in debt and $43.48M in liabilities at the time. Its Book Value Per Share was $3.24, while its Total Shareholder’s Equity was $500.26M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DNMR is Buy with a score of 5.00.

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