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Understanding the Risks of Investing in Danimer Scientific Inc (DNMR)

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 $37500.0.

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 $0.26 million.

Piper Sandler downgraded its Danimer Scientific Inc [DNMR] rating to a Neutral from a an Overweight in a research note published on April 09, 2024; the price target was decreased to $1.25 from $3.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Cowen began covering DNMR with “an Outperform” recommendation on September 23, 2021. Jefferies started covering the stock on January 06, 2021. It rated DNMR as “a Buy”.

Price Performance Review of DNMR

On Tuesday, Danimer Scientific Inc [NYSE:DNMR] saw its stock fall -14.45% to $0.75. Over the last five days, the stock has lost -11.61%. Danimer Scientific Inc shares have fallen nearly -26.47% since the year began. Nevertheless, the stocks have fallen -76.27% over the past one year. While a 52-week high of $3.56 was reached on 03/07/24, a 52-week low of $0.60 was recorded on 02/06/24. SMA at 50 days reached $1.1205, while 200 days put it at $1.4390. A total of 0.78 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For DNMR Stock

The 24-hour chart illustrates a support level at 0.7109, which if violated will result in even more drops to 0.6719. On the upside, there is a resistance level at 0.8281. A further resistance level may holdings at 0.9063. The Relative Strength Index (RSI) on the 14-day chart is 35.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0050, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.48%. Stochastics %K at 22.37% indicates the stock is a holding.

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