Ginkgo Bioworks Holdings Inc (DNA) Stock Short-term Performance Analysis

Ginkgo Bioworks Holdings Inc [DNA] stock is trading at $1.12, down -3.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The DNA shares have gain 4.67% over the last week, with a monthly amount drifted -26.32%, and not seem to be holding up well over a long-time horizon.

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On 28, March 2024, Ginkgo Bioworks Awarded DARPA Funding to Produce Novel Proteins to Control Ice in Extreme Cold Weather Environments. In a post published today on Yahoo Finance, Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity, today announced that it has been awarded a contract for up to $6 million from the Defense Advanced Research Projects Agency (DARPA) to achieve DARPA’s objectives under its new Ice Control for cold Environments (ICE) program.

From an analyst’s perspective:

Ginkgo Bioworks Holdings Inc [NYSE: DNA] stock has seen the most recent analyst activity on November 14, 2023, when Raymond James downgraded its rating to a Mkt Perform and also revised its price target to $2.50 from $3.50. Previously, BTIG Research downgraded its rating to Neutral on November 09, 2023. On June 02, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $1.25 on the stock. William Blair downgraded its rating to a Mkt Perform. Berenberg initiated its recommendation with a Buy and recommended $6 as its price target on November 29, 2022. Morgan Stanley started tracking with a Equal-Weight rating for this stock on October 04, 2022, and assigned it a price target of $5. In a note dated May 18, 2022, BofA Securities downgraded an Underperform rating on this stock but restated the target price of $3.

Ginkgo Bioworks Holdings Inc [DNA] stock has fluctuated between $1.03 and $2.55 over the past year. Currently, Wall Street analysts expect the stock to reach $7.09 within the next 12 months. Ginkgo Bioworks Holdings Inc [NYSE: DNA] shares were valued at $1.12 at the most recent close of the market. An investor can expect a potential return of 533.04% based on the average DNA price forecast.

Analyzing the DNA fundamentals

Ginkgo Bioworks Holdings Inc [NYSE:DNA] reported sales of 251.46M for the trailing twelve months, which represents a drop of -64.64%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at -3.34%, Pretax Profit Margin comes in at -3.55%, and Net Profit Margin reading is -3.55%. To continue investigating profitability, this company’s Return on Assets is posted at -0.54, Equity is -0.65 and Total Capital is -0.56. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.22.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.0700 points at the first support level, and at 1.0200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1800, and for the 2nd resistance point, it is at 1.2400.

Ginkgo Bioworks Holdings Inc [DNA] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of -$0.01 and a surprise factor of -10.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.16 per share as compared to estimates of -$0.09 per share, a difference of -$0.07 representing a surprise of -77.80%.

Ratios To Look Out For

For context, Ginkgo Bioworks Holdings Inc’s Current Ratio is 6.11. As well, the Quick Ratio is 6.11, while the Cash Ratio is 5.79. Considering the valuation of this stock, the price to sales ratio is 9.05, the price to book ratio is 1.92.

Transactions by insiders

Recent insider trading involved Dmytruk Mark E.,, that happened on Mar 04 ’24 when 38826.0 shares were sold., Dmytruk Mark E. completed a deal on Feb 02 ’24 to sell 39569.0 shares. Meanwhile, Kelly Jason R sold 100000.0 shares on Jan 04 ’24.

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