How to Buy Danimer Scientific Stock
Danimer Scientific Inc
Live Oak Acquisition Corp. focuses to engage in a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses.
Danimer Scientific stock last closed at $0.74, down 1.6% from the previous day, and has decreased 74.81% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.84 percentage points. Danimer Scientific stock is currently +23% from its 52-week low of $0.60, and -79.27% from its 52-week high of $3.56.
At the moment, there are 114.24M shares of DNMR outstanding. The market value of DNMR is $84.31M. In the last 24 hours, 1.48M DNMR shares were traded.
How to Buy Danimer Scientific Stock
Wondering how to invest in Danimer Scientific stock? Here's how.
- Choose where to buy Danimer Scientific stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Danimer Scientific stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your method of payment and add your information.
- Analyze Danimer Scientific stock: The Danimer Scientific ticker symbol is DNMR. Is Danimer Scientific stock a good investment? Should you buy shares of DNMR? How do DNMR's underlying business fundamentals look? Do top analysts think Danimer Scientific is a good buy? Why has DNMR's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if DNMR is a good stock to buy).
- Place your DNMR buy order: Decide if you will purchase DNMR shares at the current market price or use a limit order to purchase DNMR stock at a specific price.
- Get key alerts regarding your investment in DNMR: Create a watchlist to keep track of your position in Danimer Scientific shares.
Step 1: Choose where to buy Danimer Scientific stock
You will need a brokerage account in order to access the NYSE market and buy DNMR stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal info so you can invest in DNMR today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have opened your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details transferring money into your new investment account.
Step 4: Analyze Danimer Scientific stock
After you have figured out the best place to buy Danimer Scientific stock, it's critical to analyze their stock before you invest, so you truly comprehend the risk and opportunity.
Overview of key DNMR info
DNMR Due Diligence Checks
WallStreetZen was created to help average investors perform more accurate fundamental analysis in less time.
You can view all of the due diligence checks on DNMR's stock page.
Is DNMR stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge DNMR's fair value.
Using relative valuations metrics:
- DNMR may be undervalued based on its P/B ratio of 0.3x, relative to Specialty Chemicals industry P/B ratio of 3.35x
You can access additional valuation research on DNMR's stock here.
DNMR Financial Summary
Passed Health Checks:
- Total DNMR debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the DNMR balance sheet.
Failed Health Checks:
- DNMR has cash burn of 74927000. It does not have enough cash and short-term investments to cover this.
- DNMR profit margin has gone up by 0.05 percentage points in the past year, but the company is still unprofitable.
- DNMR has $73.50M in cash and short term investments. This is not sufficient to cover its annual cash burn of $74.93M.
- DNMR has a relatively high debt to equity ratio of 1.51.
- There are more long-term liabilities than short-term assets on the DNMR balance sheet.
Is it a good time to buy DNMR stock, according to analysts?
Out of 2 Wall Street analysts who track DNMR, the consensus analyst rating on Danimer Scientific is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are projecting on the Danimer Scientific stock forecast page.
DNMR Momentum
How are DNMR Revenues/Earnings doing?
Last year, DNMR revenue was $46.68M. In the last 5 year, DNMR's revenue has grown by 8.92% per year. This was slower than the Specialty Chemicals industry average of 9.11%.
Dive into DNMR's earnings and revenue performance here.
What are DNMR insiders up to?
In the past year, executives and large shareholders at DNMR have bought more shares than they have sold.
Michael A. Hajost, Chief Financial Officer of DNMR, was the latest DNMR insider to sell. They sold $7,970.16 worth of DNMR shares on Feb 7, 2024.
Research more about who owns DNMR stock here.
Can I rely on DNMR as an income stream?
No, Danimer Scientific doesn't provide an income stream by paying out dividends.
What others are saying about DNMR
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Place your DNMR buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, use a limit order.
Click the Open Trade button and your broker will execute the order.
If you require more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get key alerts regarding your investment in DNMR
Now that you own some DNMR stock, you'll want to stay up-to-date on your new shares.
Put DNMR on a watchlist to track your DNMR stock.
DNMR Feed
How to Buy Stock in Danimer Scientific
To summarize, here are the 6 steps to buy stock in Danimer Scientific:
- Choose where to buy Danimer Scientific stock
- Sign up for your brokerage account
- Fund your investment account
- Analyze Danimer Scientific stock
- Place your DNMR buy order
- Get key alerts regarding your investment in DNMR
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to track your investment in Danimer Scientific, get started below.
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