Danimer Scientific Inc. (DNMR): Is this the Most Sought-After Stock Today?

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For the readers interested in the stock health of Danimer Scientific Inc. (DNMR). It is currently valued at $14.34. When the transactions were called off in the previous session, Stock hit the highs of $15.924, after setting-off with the price of $15.84. Company’s stock value dipped to $13.80 during the trading on the day. When the trading was stopped its value was $16.20.Recently in News on November 15, 2021, Danimer Scientific Announces Third Quarter 2021 Results. 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 its financial results for the third quarter ended September 30, 2021. You can read further details here

Danimer Scientific Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $66.30 on 02/10/21, with the lowest value was $13.07 for the same time period, recorded on 08/16/21.

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Danimer Scientific Inc. (DNMR) full year performance was 27.92%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Danimer Scientific Inc. shares are logging -78.37% during the 52-week period from high price, and 30.36% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $11.00 and $66.30.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 4207832 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Danimer Scientific Inc. (DNMR) recorded performance in the market was -39.00%, having the revenues showcasing -4.53% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.37B, as it employees total of 190 workers.

Analysts verdict on Danimer Scientific Inc. (DNMR)

During the last month, 0 analysts gave the Danimer Scientific Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 17.62, with a change in the price was noted -10.29. In a similar fashion, Danimer Scientific Inc. posted a movement of -41.78% for the period of last 100 days, recording 2,170,101 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for DNMR is recording 0.06 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.

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Danimer Scientific Inc. (DNMR): Technical Analysis

Raw Stochastic average of Danimer Scientific Inc. in the period of last 50 days is set at 13.55%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 8.18%. In the last 20 days, the company’s Stochastic %K was 20.05% and its Stochastic %D was recorded 35.40%.

Let’s take a glance in the erstwhile performances of Danimer Scientific Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -39.00%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -34.70%, alongside a boost of 27.92% for the period of the last 12 months. The shares increased approximately by -18.52% in the 7-day charts and went down by -1.58% in the period of the last 30 days. Common stock shares were lifted by -4.53% during last recorded quarter.