Danimer Scientific Inc.’s recent filing unveils that its Chief Marketing Officer Tuten Scott unloaded Company’s shares for reported $22105.0 on Feb 17. In the deal valued at $2.21 per share,10,000 shares were sold. As a result of this transaction, Tuten Scott now holds 385,210 shares worth roughly $ 0.86 million.
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Then, Tuten Scott sold 10,000 shares, generating $21,394 in total proceeds. Upon selling the shares at $2.14, the Chief Marketing Officer now owns 395,210 shares.
Before that, Tuten Scott sold 10,000 shares. Danimer Scientific Inc. shares valued at $16,331 were divested by the Chief Marketing Officer at a price of $1.63 per share. As a result of the transaction, Tuten Scott now holds 424,136 shares, worth roughly $0.95 million.
Piper Sandler initiated its Danimer Scientific Inc. [DNMR] rating to an Overweight in a research note published on Monday, October 12, 2022; the price target was $4.50. PT values the company’s stock at a premium of 50.44 to its Monday 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 Monday, Danimer Scientific Inc. [NYSE:DNMR] saw its stock jump 8.25% to $2.23. On the same session, the stock had its day’s lowest price of $1.94, but rose to a high of $2.335. Over the last five days, the stock has lost -5.51%. Danimer Scientific Inc. shares have risen nearly 24.58% since the year began. Nevertheless, the stocks have fallen -38.90% over the past one year. While a 52-week high of $6.78 was reached on 02/27/23, a 52-week low of $1.57 was recorded on 01/06/23. SMA at 50 days reached $2.22, while 200 days put it at $3.26. A total of 1.73 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For DNMR Stock
The 24-hour chart illustrates a support level at 2.00, which if violated will result in even more drops to 1.77. On the upside, there is a resistance level at 2.40. A further resistance level may holdings at 2.56. The Relative Strength Index (RSI) on the 14-day chart is 47.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.13%. Stochastics %K at 22.23% 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 Jan 30, 2023, dropping by -1.96 million shares to a total of 16.98 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 18.94 million shares. There was a decline of -11.54%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 14.95.
Danimer Scientific Inc. [DNMR] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,413,239 shares, or roughly 5.34% of the outstanding DNMR shares. In other words, the investor’s shares have fallen by -2,796,255 from its previous 13-F filing of 8209494.0. Additionally, The Vanguard Group, Inc. increased 0.31% of its stake after which the total value it holdings stand at $12,504,976, while Teramo Advisors LLC added 337.42% of its stake to hold $9.2 million in the firm. At present, SSgA Funds Management, Inc. is holding 1,762,797 shares valued at $4.55 million. Invesco Asset Management Ltd. owned 1,746,900 shares of the company at the time of its most recent 13F filing, worth $4.51 million.
According to FactSet, Danimer Scientific Inc.’s share price will average $6.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 106.31 percent from its previous closing price of $2.06. Analysts expect Danimer Scientific Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $4.00. However, 4 analysts have rated DNMR stock as a Buy in their predictions for 2023.