Jefferies analyst Laurence Alexander maintained a Buy rating on Danimer Scientific (DNMR – Research Report) today and set a price target of $1.30. The company’s shares closed last Friday at $0.78.
According to TipRanks, Alexander is a 3-star analyst with an average return of 1.7% and a 52.95% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Albemarle, Ashland, and Eastman Chemical.
Danimer Scientific has an analyst consensus of Moderate Buy, with a price target consensus of $1.52.
Based on Danimer Scientific’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.95 million and a GAAP net loss of $39.43 million. In comparison, last year the company earned a revenue of $15.32 million and had a GAAP net loss of $28.05 million
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Danimer Scientific (DNMR) Company Description:
Live Oak Acquisition Corp is a blank check company.
Read More on DNMR:
- Piper downgrades Danimer Scientific on sales growth uncertainty
- Danimer Scientific downgraded to Neutral from Overweight at Piper Sandler
- Danimer Scientific price target lowered to $2 from $3 at TD Cowen
- Danimer Scientific Unveils Informative Presentation for Stakeholders
- Danimer Scientific sees FY24 adjusted EBITDA (32M)-(22M)
