Monitoring Danimer Scientific Inc. (DNMR) after recent insider movements

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Danimer Scientific Inc.’s recent filing unveils that its Chief Marketing Officer Tuten Scott unloaded Company’s shares for reported $24626.0 on Oct 17. In the deal valued at $2.46 per share,10,000 shares were sold. As a result of this transaction, Tuten Scott now holds 444,136 shares worth roughly $ 1.14 million.

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Then, Tuten Scott sold 10,000 shares, generating $35,826 in total proceeds. Upon selling the shares at $3.58, the Chief Marketing Officer now owns 454,136 shares.

Before that, Pratt Stuart W sold 100,000 shares. Danimer Scientific Inc. shares valued at $477,200 were divested by the Director at a price of $4.77 per share. As a result of the transaction, Pratt Stuart W now holds 1,419,238 shares, worth roughly $3.65 million.

Piper Sandler initiated its Danimer Scientific Inc. [DNMR] rating to an Overweight in a research note published on Friday, October 12, 2022; the price target was $4.50. PT values the company’s stock at a premium of 42.89 to its Friday closing price. A number of analysts have revised their coverage, including Cowen’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. Jefferies began covering DNMR with “Buy” recommendation on January 06, 2021.

Price Performance Review of DNMR

On Friday, Danimer Scientific Inc. [NYSE:DNMR] saw its stock fall -0.39% to $2.57. On the same session, the stock had its day’s lowest price of $2.47, but rose to a high of $2.69. Over the last five days, the stock has gained 4.90%. Danimer Scientific Inc. shares have fallen nearly -69.84% since the year began. Nevertheless, the stocks have fallen -87.14% over the past one year. While a 52-week high of $20.40 was reached on 01/03/22, a 52-week low of $2.10 was recorded on 10/24/22. SMA at 50 days reached $3.17, while 200 days put it at $4.26. A total of 0.89 million shares were traded, compared to the trading of 0.92 million shares in the previous session.

Levels Of Support And Resistance For DNMR Stock

The 24-hour chart illustrates a support level at 2.46, which if violated will result in even more drops to 2.36. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.80. The Relative Strength Index (RSI) on the 14-day chart is 45.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.44%. Stochastics %K at 64.10% indicates the stock is a holding.

How much short interest is there in Danimer Scientific Inc.?

A steep rise in short interest was recorded in Danimer Scientific Inc. stocks on Jul 14, 2022, dropping by -1.11 million shares to a total of 20.24 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 21.35 million shares. There was a decline of -5.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 22.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.91.

Danimer Scientific Inc. [DNMR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,209,494 shares, or roughly 8.11% of the outstanding DNMR shares. In other words, the investor’s shares have risen by 1,980,730 from its previous 13-F filing of 6228764.0. Additionally, The Vanguard Group, Inc. decreased -24.27% of its stake after which the total value it holdings stand at $13,034,374, while Leucadia Asset Management LLC reduced -37.74% of its stake to hold $8.95 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 98,375 shares of Danimer Scientific Inc., while Invesco Asset Management Ltd. bought -324,000 shares. At present, Integrated Advisors Network LLC is holding 1,673,560 shares valued at $4.94 million. Invesco Advisers, Inc. owned 1,539,982 shares of the company at the time of its most recent 13F filing, worth $4.54 million.

According to FactSet, Danimer Scientific Inc.’s share price will average $7.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 142.25 percent from its previous closing price of $2.58. Analysts expect Danimer Scientific Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $4.50. However, 4 analysts have rated DNMR stock as a Buy in their predictions for 2022.


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