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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 $0.80, up 1.4% from the previous day, and has decreased 76.11% in one year. It has underperformed other stocks in the Specialty Chemicals industry by 0.91 percentage points. Danimer Scientific stock is currently +33% from its 52-week low of $0.60, and -77.58% from its 52-week high of $3.56.

At the moment, there are 116.43M shares of DNMR outstanding. The market value of DNMR is $92.91M. In the last 24 hours, 481,435 DNMR shares were traded.

How to Buy Danimer Scientific Stock

Wondering how to invest in Danimer Scientific stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your investment account: Pick your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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:

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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 Price
$0.80
1w %
0.38%
1y %
-76.11%
5y %
N/A
P/E
-0.57x
P/B
0.36x
P/S
1.84x
PEG
N/A
Revenue
$44.98M
Earnings
-$146.10M
Fore. Rev. Growth
65.24%
Fore. Earn. Growth
N/A
Market Cap
$92.91M
Next Earnings
May 31, 2024
Next Dividend
N/A

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 0.36x, relative to Specialty Chemicals industry P/B ratio of 3.4x

You can access additional valuation research on DNMR's stock here.

DNMR Financial Summary

Passed Health Checks:

  • DNMR has $71.58M in cash and short term investments. This is sufficient to cover its annual cash burn of $67.62M.
  • There are more short-term assets than short-term liabilities on the DNMR balance sheet.
  • DNMR has cash burn of 67623000. It has enough cash and short-term investments to cover this for at least one year.

Failed Health Checks:

  • DNMR profit margin has gone up by 0.52 percentage points in the past year, but the company is still unprofitable.
  • DNMR has a relatively high debt to equity ratio of 1.69.
  • There are more long-term liabilities than short-term assets on the DNMR balance sheet.

Is DNMR stock a Buy, Hold, or Sell, according to Wall Street analysts?

Out of 2 Wall Street analysts who monitor DNMR, the consensus analyst rating on DNMR is a Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Danimer Scientific stock forecast page.

DNMR Technical Indicators

SMA10
0.78
SMA20
0.79
SMA50
0.97
SMA100
0.97
SMA200
1.3
MACD
-0.04
MACD Signal
-0.05
MACD Histogram
0.01
RSI
46.12
Stochastic %K
48.6
Stochastic %D
44.62
StochRSI %K
78.55
StochRSI %D
67.88

DNMR Performance Numbers

Last year, DNMR revenue was $44.98M. In the past three year, DNMR's revenue has grown by -46.24% per year. This was slower than the Specialty Chemicals industry average of 7.03%.

Dig into DNMR's earnings and revenue performance here.

What are DNMR executives and large shareholders up to?

In the past 12 months, 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.

Dig into more about who owns DNMR stock here.

Does DNMR provide a stable income stream?

No, Danimer Scientific doesn't provide an income stream by paying out dividends.

What others are saying about DNMR

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Step 5: Place your DNMR buy order

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally fine for most investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount, place a limit order.

Click the Open Trade button and your broker will execute your order.

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Step 6: Get key alerts regarding your investment in DNMR

Now that you own some DNMR stock, you'll want to keep up with your new stock purchase.

Put DNMR on a watchlist to get notified of important updates regarding your DNMR stock.

DNMR Feed

How to Buy Stock in Danimer Scientific

To reiterate, here are the 6 steps to buy stock in Danimer Scientific:

  1. Choose where to buy Danimer Scientific stock
  2. Sign up for your brokerage account
  3. Fund your investment account
  4. Analyze Danimer Scientific stock
  5. Place your DNMR buy order
  6. Get key alerts regarding your investment in DNMR

If you require a online brokerage, eToro is our recommended option.

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If you would like to track your new investment in Danimer Scientific, add DNMR to your watchlist by clicking the button below.

NYSE: DNMR
$0.80+0.01 (+1.4%)
Updated May 20, 2024
Open eToro Account
NYSE: DNMR
$0.80+0.01 (+1.4%)
Updated May 20, 2024
Open eToro Account

FAQ

How much does it cost to buy one Danimer Scientific share?

As of May 20, 2024, it costs $0.80 to buy one share of Danimer Scientific stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.4, you can buy 0.5 shares of DNMR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Danimer Scientific stock?

According to 2 Wall Street analysts who monitor Danimer Scientific, their consensus recommendation is to buy Danimer Scientific stock.

What is the best way to buy Danimer Scientific stock?

One way to place an order for Danimer Scientific stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.