The trading price of Danimer Scientific, Inc. (NYSE:DNMR) closed lower on Monday, Feb 22, closing at $49.36, -6.28% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $45.64 and $49.17. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $66.3 and a 52-week low of $9.6. Over the past month, the stock has gained 21.87% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned DNMR a recommendation rating is 2. Out of them, no one rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Danimer Scientific, Inc. (DNMR) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that DNMR’s price is currently -7.49% off the SMA20 and 37.6% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.38, and weekly volatility stands at 9.63%. When measured over the past 30 days, the indicator reaches 11.95%. Danimer Scientific, Inc. (NYSE:DNMR)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 5.52. With analysts defining $54-$66 as the low and high price targets, we arrive at a consensus price target of $60 for the trailing 12-month period. The current price is about 16.73% off the estimated low and 42.67% off the forecast high, based on this estimate. Investors will be thrilled if DNMR’s share price rises to $60, which is the median consensus price. At that level, DNMR’s share price would be +29.7% above current price.
To see how Danimer Scientific, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: DNMR stock’s performance was -6.28% in the latest trading, and 0% in the past year, while Iac Holdings Inc (IAC) has traded -4.56% on the day and positioned +283.99% higher than it was a year ago. Another comparable company W.W. Grainger (GWW) saw its stock close -0.54% lower in the most recent trading session but was up +24.4% in a year. Furthermore, Siteone Landscape Supply (SITE) showed a decline of -6.28% on the day while its price kept declining at 0% over the past year. Danimer Scientific, Inc. has a P/E ratio of 0, compared to Iac Holdings Inc’s 83.07 and W.W. Grainger’s 29.24. Also in last trading session, the S&P 500 Index has soared -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Danimer Scientific, Inc. (NYSE:DNMR) indicates that the 3-month average is 1.85 Million. However, this figure has increased over the past 10 days to an average of 3.44 Million.