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why is dnmr stock dropping

by Sandrine Jerde Published 2 years ago Updated 2 years ago
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What happened Shares of Danimer Scientific (DNMR 2.20%) 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.

Shares of Danimer Scientific ( DNMR -3.91% ) 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.Nov 16, 2021

Full Answer

Where can I buy DNMR shares?

Mar 30, 2021 · What happened Shares of Danimer Scientific ( DNMR -6.72% ) 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...

Why did Danimer Scientific stock drop 17% in March?

Nov 17, 2021 · Shares of the bioplastics company fell on a disappointing earnings report. What happened Shares of Danimer Scientific ( DNMR 2.20% ) were falling today after the maker of biodegradable plastics...

Who are Danimer Scientific's (DNMR) competitors?

Apr 01, 2022 · Their forecasts range from $21.00 to $30.00. On average, they expect Danimer Scientific's stock price to reach $25.50 in the next twelve months. This suggests a possible upside of 403.0% from the stock's current price. View analysts' price targets for Danimer Scientific or view top-rated stocks among Wall Street analysts.

Is DNMR a sell or buy on Robinhood?

Apr 07, 2022 · Source. Headline. Danimer Scientific Appoints Anthony Austin as Chief Human Resource Officer. finance.yahoo.com - April 20 at 9:56 AM. Danimer Scientific (NYSE:DNMR) Stock Price Down 3.9%. americanbankingnews.com - April 13 at 1:38 PM. Danimer Scientific (NYSE:DNMR) Shares Gap Up to $5.63. americanbankingnews.com - April 8 at 11:00 AM. …

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Is DNMR a good investment?

Is DANIMER SCIENTIFIC Stock a good buy in 2022, according to Wall Street analysts? The consensus among 2 Wall Street analysts covering (NYSE: DNMR) stock is to Strong Buy DNMR stock.

Will Danimer stock go up?

Stock Price Forecast The 3 analysts offering 12-month price forecasts for Danimer Scientific Inc have a median target of 10.00, with a high estimate of 12.00 and a low estimate of 10.00. The median estimate represents a +95.69% increase from the last price of 5.11.

Who owns Danimer scientific?

Meredian Holdings Group, Inc.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.Jan 4, 2021

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.

Is Danimer Scientific legit?

Is Danimer Scientific a good company to work for? Danimer Scientific has an overall rating of 3.5 out of 5, based on over 9 reviews left anonymously by employees. 78% of employees would recommend working at Danimer Scientific to a friend and 74% have a positive outlook for the business.Dec 30, 2021

What does Danimer Scientific make?

Danimer Scientific is a pioneer in creating more sustainable, more natural ways to make plastic products. For more than a decade, our renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. They return to nature instead of polluting our lands and waters.

Is Danimer Scientific publicly traded?

Since December 30, 2020, the common stock of Danimer Scientific is trading under the ticker symbol “DNMR” on the New York Stock Exchange.Jan 5, 2021

Is Danimer Scientific a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Danimer Scientific in the last twelve months. There are currently...

When is Danimer Scientific's next earnings date?

Danimer Scientific is scheduled to release its next quarterly earnings announcement on Monday, May 16th 2022. View our earnings forecast for Danim...

What price target have analysts set for DNMR?

2 analysts have issued twelve-month price targets for Danimer Scientific's stock. Their forecasts range from $21.00 to $30.00. On average, they ant...

Who are Danimer Scientific's key executives?

Danimer Scientific's management team includes the following people: Mr. Stephen E. Croskrey , CEO & Chairman (Age 61, Pay $3.57M) Mr. Phillip D....

Who are some of Danimer Scientific's key competitors?

Some companies that are related to Danimer Scientific include Sinopec Shanghai Petrochemical (SHI) , Trinseo (TSE) , AdvanSix (ASIX) , Kraton (...

What is Danimer Scientific's stock symbol?

Danimer Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "DNMR."

Who are Danimer Scientific's major shareholders?

Danimer Scientific's stock is owned by many different retail and institutional investors. Top institutional shareholders include Invesco Ltd. (6.35...

Which institutional investors are selling Danimer Scientific stock?

DNMR stock was sold by a variety of institutional investors in the last quarter, including Greenlight Capital Inc., Marshall Wace LLP, Invesco Ltd....

Which institutional investors are buying Danimer Scientific stock?

DNMR stock was bought by a variety of institutional investors in the last quarter, including Teramo Advisors LLC, BlackRock Inc., Forum Financial M...

Is Danimer Scientific a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Danimer Scientific in the last twelve months. There are currently 1 buy rating for the stock.

What stocks does MarketBeat like better than Danimer Scientific?

Wall Street analysts have given Danimer Scientific a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Danimer Scientific wasn't one of them.

When is Danimer Scientific's next earnings date?

Danimer Scientific is scheduled to release its next quarterly earnings announcement on Monday, November 15th 2021.#N#View our earnings forecast for Danimer Scientific.

How were Danimer Scientific's earnings last quarter?

Danimer Scientific, Inc. (NYSE:DNMR) issued its earnings results on Monday, August, 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.04) by $0.03. The business earned $14.47 million during the quarter.#N#View Danimer Scientific's earnings history.

What price target have analysts set for DNMR?

1 equities research analysts have issued 1 year target prices for Danimer Scientific's stock. Their forecasts range from $66.00 to $66.00. On average, they anticipate Danimer Scientific's stock price to reach $66.00 in the next year.

Who are some of Danimer Scientific's key competitors?

Some companies that are related to Danimer Scientific include Hexcel (HXL), Avient (AVNT), Rogers (ROG), Sinopec Shanghai Petrochemical (SHI), Trinseo (TSE), PureCycle Technologies (PCT), Kraton (KRA), AdvanSix (ASIX), Cereplast (CERPQ), Hong Yuan Holding Group (HGYN) and ForceField Energy (FNRG).#N#View all of DNMR's competitors.

What is Danimer Scientific's stock symbol?

Danimer Scientific trades on the New York Stock Exchange (NYSE) under the ticker symbol "DNMR."

Danimer Scientific Media Sentiment

Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.

Media Coverage

We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.

Danimer Scientific (NYSE DNMR) News Headlines Today

Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.

Signals & Forecast

The Danimer Scientific, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $15.37 and $15.02. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Danimer Scientific, Inc. finds support just below today's level at $15.37.

Is Danimer Scientific, Inc. stock A Buy?

Danimer Scientific, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Signals & Forecast

Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The DUKE MTN RES INC stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Is DUKE MTN RES INC stock A Buy?

DUKE MTN RES INC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

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