DNMR Stock Summary and Trading Ideas (Danimer Scientific | :DNMR)

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. Geographically, the company generates a majority of its revenue from the United States and the rest from Germany, Poland, Belgium, and other regions.

Danimer Scientific trades on the stock market under the symbol DNMR.

As of January 3, 2025, DNMR stock price was flat at $4.13 with million shares trading.

DNMR has a beta of 2.82, meaning it tends to be more sensitive to market movements. DNMR has a correlation of 0.07 to the broad based SPY ETF.

DNMR has a market cap of $12.47 million. This is considered a Sub-Micro Cap stock.

Last quarter Danimer Scientific reported $9 million in Revenue and -$.18 earnings per share. This beat revenue expectation by $50,000 and exceeded earnings estimates by $8.02.

In the last 3 years, DNMR traded as high as $364.80 and as low as $2.45.

The top ETF exchange traded funds that DNMR belongs to (by Net Assets): VTI, VXF, VAW, PRFZ.

DNMR has underperformed the market in the last year with a return of -88.9%, while the SPY ETF gained +27.8%. In the last 3 month period, DNMR fell short of the market, returning -76.3%, while SPY returned +4.6%. However, in the most recent 2 weeks DNMR has outperformed the stock market by returning +35.4%, while SPY returned +0.1%.

DNMR support price is $3.62 and resistance is $4.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DNMR shares will trade within this expected range on the day.