Shares of Danimer Scientific (NYSE: DNMR) were falling today after the maker of biodegradable plastics reported disappointing third-quarter results, as revenue growth nearly ground to a halt.
Full Answer
Is Danimer Scientific (DNMR) a good investment?
Danimer Scientific Inc. (NYSE: DNMR) produces a new generation of patented, cost competitive biopolymers. In the last three months, Danimer Scientific Inc. (NYSE: DNMR) stock gained 231.5% and on January 21st it had a closing price of $37.96. Here is what Greenlight Capital said:
What does sentiment mean on Danimer Scientific (DNMR)?
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. What Type Of Shareholders Make Up Danimer Scientific, Inc.'s (NYSE:DNMR) Share Registry? Is Danimer Scientific, Inc. (DNMR) Going to Burn These Hedge Funds?
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Is DNMR a sell or buy on Robinhood?
Today DNMR ranks #17063 as sell candidate. Get a Free Stock at Robinhood Which way will DNMR go? * StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Why did DNMR go down?
Shares of Danimer Scientific (DNMR -11.60%) 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.
Will DNMR 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 +105.66% increase from the last price of 3.89.
Is DNMR a good investment?
Currently, Danimer Scientific Inc's price-earnings ratio is 52.7. 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.
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.
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.
What does Danimer scientific do?
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.
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?
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.
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 happened
Shares of Danimer Scientific (NYSE: DNMR) 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.
So what
Revenue in the quarter grew just 4.2% to $13.4 million, which was below the average of two analysts at $14.6 million. The company's product segment, which makes up the vast majority of sales, was up 10% to $12.4 million as it ramped up PHA production at its Kentucky facility.
Now what
In its guidance, management said it would accelerate its investments in head count to expand production and grow sales, and it expected that operating margins would improve.
What happened
Shares of Danimer Scientific (NYSE: DNMR) 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.
So what
Revenue in the quarter grew just 4.2% to $13.4 million, which was below the average of two analysts at $14.6 million. The company's product segment, which makes up the vast majority of sales, was up 10% to $12.4 million as it ramped up PHA production at its Kentucky facility.
Now what
In its guidance, management said it would accelerate its investments in head count to expand production and grow sales, and it expected that operating margins would improve.
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What is DNMR plastic?
DNMR makes No dax, a biodegradable plastic. Plastics are a global environmental problem, and nobody likes using paper straws. Enter Nodax, which is made by feeding vegetable oil to bacteria and then transforming the fat bacteria into a type of plastic that will decompose even in salt water.
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What is Danimer Scientific?
Danimer Scientific Inc. is a bioplastics company. It is focused on the development and production of biodegradable materials. Danimer Scientific Inc., formerly known as Live Oak Acquisition Corp., is based in United States.
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