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DANIMER SCIENTIFIC, INC

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DNMR trade ideas

Danimer Scientific, Inc.On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Past resistance confirms support. (yellow arrows). 3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months. 4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points. 5) No share splits. True. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Investment Risk: <= 3% Timeframe for long: Qrt 2, 2024 Return: 8000% Stop loss: 55 cents
NYSE:DNMRLong
by without_worries
51
DNMR: The Future Of Bioplastics?Each Wednesday from now on, we will be publishing an idea about an interesting, under-the-radar stock that we think has long term potential and deserves a little attention. This week, we are looking at DNMR. For those who are unfamiliar, Danimer Scientific is a bioplastics producer based right here in the USA. The company went public via SPAC last year, and after an initial climb, the stock ended up giving back all of its gains as the SPAC speculative frenzy cooled. We like this story in the long term because it's a tier 1 ESG company. The problem of plastic pollution in our oceans is a gargantuan issue, which will require advances in materials sciences to combat. Danimer is right at this intersection, and they have begun to capitalize on it. Increasing sales at a quick rate, and with customers like Pepsi, Walmart, and Nestle, there's some potential here for a long term, stable cash cow. The 2 analysts that cover DNMR have a consensus Buy rating and an average price target of $48. The valuation right now is a bit stretched, however, which causes some pause. At the current price of $15.37, DNMR has a price to sales ratio of 26 (based on Q2’21 sales and outstanding shares), which seems elevated. Nevertheless, it's something worth keeping an eye on. For those who want more info, here's a link to the company's recent 10-K: d1io3yog0oux5.cloudfront.net Cheers!
NYSE:DNMR
by PropNotes
oversold ESG play DNMR; go long. biodegradable plasticsThey are currently partnered with Pepsico and the University of Georgia working on fully biodegradable plastics; with Nestle and Walmart already signing on as customers. Got caught up in the SPAC sell-off. Doubtful it drops further so now would be a good time to initiate a long position. One strategy would be to buy half now than wait for a few trading sessions to see how it fares. Oversold based on RSI with a bullish MACD cross on the horizon. Besides carbon emissions, plastics are another significant source of climate change and DNMR is a great way for fortune 500 companies to counteract their footprint and appease shareholders/board members on the ESG front.
NYSE:DNMRLong
by EBITDAtiger
DNMR; a huge ESG playDanimer has developed plastics that are essentially fully biodegradable. The catalyst for this trade is the overwhelming push for companies and individuals to be environmentally conscious of the impact they have. This combined with Millenials and Gen-Z investors mainly invest in what they believe in; such as being friendly to the environment. This is by no means a trade; this is a long-term investment betting on the fact that every major fortune 500 company will face immense pressure to be carbon neutral and remove all unnecessary classical plastic, especially single-use utensils which is exactly where DNMR has excelled. Their straws and utensils degrade faster, cleaner, and in much less time. I assume this will be in multiple ESG/Clean Energy ETFs. This will help stabilize this young company because of the constant inflows.
NYSE:DNMRLong
by EBITDAtiger