What happened Shares of Danimer Scientific (DNMR -0.14%) were falling today after the maker of biodegradable plastics reported disappointing third-quarter results, as revenue growth nearly ground to a halt. As a result, the stock was down 17.7% as of 1:05 p.m. EST.
Why did Danimer Scientific stock drop 17% in March?
He tries to invest in good souls. Shares of Danimer Scientific ( NYSE:DNMR) dropped a quick 17% as trading got underway on March 30. The news likely driving the decline was the company's after-the-market earnings release on March 29, the first quarterly report of its public life.
Where can I buy Danimer Scientific shares?
Shares of DNMR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Danimer Scientific's stock price today?
Is Danimer really worth $14 million?
Of all the numbers included in the Danimer report, the $14 million revenue figure is the one that really stands out. This is a very young, very small company, valued by the market at more than $1 billion, based on the substantial global need for its product and the hope that it will be a big winner assuming its claims hold up to scrutiny.
Is the stock in the middle of a falling trend?
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -49.72% during the next 3 months and, with a 90% probability hold a price between $1.22 and $5.68 at the end of this 3-month period.
What is going on with Danimer scientific?
"Danimer Scientific (DNMR) fell from $16.54 to $8.52. The primary driver was its inexplicable mismanagement of the capital situation. When the company went public through a merger with a SPAC in late 2020, investors were led to believe that DNMR's plan to bring online a large new plant in late 2023 was fully funded.
Should I sell Danimer stock?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danimer Scientific in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Danimer Scientific stock.
Will Danimer stock go up?
Danimer Scientific Inc (NYSE:DNMR) The 3 analysts offering 12-month price forecasts for Danimer Scientific Inc have a median target of 8.00, with a high estimate of 12.00 and a low estimate of 7.50. The median estimate represents a +67.89% increase from the last price of 4.76.
Is Danimer a good buy?
Currently, Danimer Scientific Inc's price-earnings ratio is 62.4. Danimer Scientific Inc's trailing 12-month revenue is $60.3 million with a 13.7% profit margin. Year-over-year quarterly sales growth most recently was 11.4%. Analysts expect adjusted earnings to reach $-0.933 per share for the current fiscal year.
Is Danimer scientific legit?
Danimer Scientific, Inc. is a Georgia, United States-based biopolymer manufacturer that currently has a $1.5 billion market capitalization. Since the beginning of the year, DNMR delivered a -69.16% return, while its 12-month gains are down by -25.78%. As of May 07, 2021, the stock closed at $17.45 per share.
Who owns Danimer scientific?
BAINBRIDGE, GA and GREAT FALLS, VA – December 29, 2020 – Meredian Holdings Group, Inc., doing business as Danimer Scientific (“Legacy Danimer”), a next generation bioplastics company focused on the development and production of biodegradable materials, and Danimer Scientific, Inc. (f/k/a Live Oak Acquisition Corp.
When did Danimer go public?
December 30, 2020The newly formed company, called Danimer Scientific, Inc. started trading under the ticker symbol “DNMR” on the New York Stock Exchange beginning December 30, 2020.
What is Nodax made of?
Nodax™ is a bio renewable polymer, or plastic material made from corn, sugar beet and/or vegetable oils and is often referred to as a biopolymer, since it is derived from plants. It can create a variety of plastic materials and/or products including packaging, laminates and coatings, nonwoven fibers.
The biotechnology company announced it was raising some cash. Investors weren't so pleased about the way it plans to do it
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
Key Points
Danimer is issuing $175 million worth of senior convertible notes, which brings up worries about dilution.
What happened
Shares of Danimer Scientific ( NYSE:DNMR), which makes biodegradable and compostable plastics, fell out of the gate on Dec. 16, losing as much as 19% of their value in the first hour of the trading day. The big news, however, came out after the close of trading on Dec. 15, when the company announced it was looking to raise some cash.
So what
Danimer, with a roughly $850 million market cap, is a pretty small company. It came public only in late 2020 via a merger with a blank check company, so it's also relatively new to the public markets. And it is working on exciting new technology, which is costly.
Now what
Wall Street is reacting as you might expect to a company that just announced a convertible bond issue. The impact here is likely exaggerated by the company's modest size and newness to the public markets.
Key Points
Sometimes events freak investors out over the short term when they should really be thinking about the long term.
NYSE: DNMR
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Danimer plans to issue a convertible note, spooking investors, but the cash is going to help it invest in long term growth opportunities
It requires a lot of capital to grow a company, especially one that's on the cutting edge of an industry. And sometimes getting cash requires some short-term pain so the company, and its shareholders, can benefit from the long-term benefit of the investments being made.
The problem
Danimer Scientific makes biodegradable and compostable plastics. That fits very well with the focus on sustainability that's increasingly driving investors today. And it already has a host of major customers, including PepsiCo, Nestle, and Walmart.
If you liked it before ..
There's no such thing as a risk-free investment, and Danimer Scientific does have some negatives to keep in mind.
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What happened
Shares of Danimer Scientific (NYSE: DNMR), which makes biodegradable and compostable plastics, fell out of the gate on Dec. 16, losing as much as 19% of their value in the first hour of the trading day. The big news, however, came out after the close of trading on Dec. 15, when the company announced it was looking to raise some cash.
So what
Danimer, with a roughly $850 million market cap, is a pretty small company. It came public only in late 2020 via a merger with a blank check company, so it's also relatively new to the public markets. And it is working on exciting new technology, which is costly.
Now what
Wall Street is reacting as you might expect to a company that just announced a convertible bond issue. The impact here is likely exaggerated by the company's modest size and newness to the public markets.
When did Danimer Scientific drop?
Shares of Danimer Scientific ( NYSE:DNMR) dropped a quick 17% as trading got underway on March 30. The news likely driving the decline was the company's after-the-market earnings release on March 29, the first quarterly report of its public life.
How much did Danimer Scientific lose in 2020?
Danimer Scientific had revenues of around $12 million, up from $8.7 million in the same period of 2019. While that's not too bad, it lost $11.2 million in the fourth quarter of 2020, up from a loss of $3.3 million a year earlier.
Is Danimer Scientific a public company?
Danimer Scientific, which is involved in making biodegradable plastics, came public through a blank check company in the last few trading days of 2020. That means its fourth-quarter 2020 earnings report was its first as a public entity, though for most of the period it wasn't actually public.
About Danimer Scientific
Danimer Scientific, Inc., a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petrochemical-based plastics.
Headlines
What Type Of Shareholders Make Up Danimer Scientific, Inc.'s (NYSE:DNMR) Share Registry?
Danimer Scientific (NYSE:DNMR) Frequently Asked Questions
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danimer Scientific in the last year. There are currently 2 buy ratings for the stock.
How much did Danimer stock gain in 2021?
The Danimer Scientific, Inc. stock price gained 2.38% on the last trading day (Friday, 9th Jul 2021), rising from $24.42 to $25.00. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.53% from a day low at $23.88 to a day high of $25.20. The price has been going up and down for this period, and there has been a 0.08% gain for the last 2 weeks. Volume fell on the last day by -416 thousand shares and in total, 705 thousand shares were bought and sold for approximately $17.62 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Does Danimer Scientific have a sell signal?
Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Quarterly earnings came in ahead of expectations
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
Key Points
Danimer Scientific has been a battleground stock since its public debut, but the bulls are in control following an earnings beat.
What happened
Danimer Scientific ( NYSE:DNMR), a young company focused on manufacturing biodegradable plastics, reported second-quarter results that appear significantly better than what analysts had expected. The stock is getting a boost as a result, up as much as 10% in Tuesday morning trading.
So what
Danimer, which went public in late December via a merger with a special purpose acquisition company ( SPAC ), reported second-quarter earnings of $0.39 per share on revenue of $14.5 million. Only two analysts follow the company, and their consensus estimate was for a $0.07 per-share loss on $11.8 million in sales.
Now what
Of all the numbers included in the Danimer report, the $14 million revenue figure is the one that really stands out. This is a very young, very small company, valued by the market at more than $1 billion, based on the substantial global need for its product and the hope that it will be a big winner assuming its claims hold up to scrutiny.
