Danimer Scientific Inc’s filing revealed that its Director HENDRIX RICHARD J acquired Company’s shares for reported $46915.0 on Nov 28 ’23. In the deal valued at $0.94 per share,50,000 shares were bought. As a result of this transaction, HENDRIX RICHARD J now holds 50,000 shares worth roughly $54000.0.
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Then, HENDRIX RICHARD J bought 50,000 shares, generating $46,480 in total proceeds. Upon buying the shares at $0.93, the Director now owns 391,324 shares.
Before that, Tuten Scott sold 10,000 shares. Danimer Scientific Inc shares valued at $27,390 were divested by the Chief Marketing Officer at a price of $2.74 per share. As a result of the transaction, Tuten Scott now holds 346,478 shares, worth roughly $0.37 million.
Piper Sandler initiated its Danimer Scientific Inc [DNMR] rating to an Overweight in a research note published on October 12, 2022; the price target was $4.50. 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 fall -5.26% to $1.08. Over the last five days, the stock has lost -1.82%. Danimer Scientific Inc shares have risen nearly 5.88% since the year began. Nevertheless, the stocks have fallen -48.33% over the past one year. While a 52-week high of $4.59 was reached on 03/07/24, a 52-week low of $0.60 was recorded on 02/06/24. SMA at 50 days reached $1.0463, while 200 days put it at $1.6576. A total of 0.99 million shares were traded, compared to the trading of 1.63 million shares in the previous session.
Levels Of Support And Resistance For DNMR Stock
The 24-hour chart illustrates a support level at 1.0033, which if violated will result in even more drops to 0.9267. On the upside, there is a resistance level at 1.1733. A further resistance level may holdings at 1.2667. The Relative Strength Index (RSI) on the 14-day chart is 42.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2714, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.68%. Stochastics %K at 11.84% indicates the stock is a buying.
How much short interest is there in Danimer Scientific Inc?
A steep rise in short interest was recorded in Danimer Scientific Inc stocks on Feb 29, 2024, dropping by -0.82 million shares to a total of 22.1 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 22.92 million shares. There was a decline of -3.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 24.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 22.61.
