Ginkgo Bioworks Holdings Inc (DNA)’s latest quarter sales figures and margins explained

At the time of writing, Ginkgo Bioworks Holdings Inc [DNA] stock is trading at $1.16, up 4.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DNA shares have gain 10.48% over the last week, with a monthly amount drifted -4.92%, and not seem to be holding up well over a long-time horizon.

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On 8, April 2024, IdeeLab Joins the Ginkgo Technology Network to Provide Agriculture Companies in Brazil with End-to-End Product Development & Manufacturing Service. In a post published today on Yahoo Finance, Ginkgo customers will now have access to IdeeLab’s local strain discovery capabilities, as well as the ability to manufacture next-generation products in IdeeLab’s manufacturing facilities.

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.

For the past year, the stock price of Ginkgo Bioworks Holdings Inc fluctuated between $1.03 and $2.55. 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 $1.16 at the most recent close of the market. An investor can expect a potential return of 511.21% based on the average DNA price forecast.

Analyzing the DNA fundamentals

According to Ginkgo Bioworks Holdings Inc [NYSE:DNA], the company’s sales were 251.46M for trailing twelve months, which represents an -64.64% plunge. 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 1.1167 points at the first support level, and at 1.0733 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1967, and for the 2nd resistance point, it is at 1.2333.

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

It is important to note that Ginkgo Bioworks Holdings Inc [NYSE:DNA] has a current ratio of 6.11. Also, the Quick Ratio is 6.11, while the Cash Ratio stands at 5.79. Considering the valuation of this stock, the price to sales ratio is 9.38, the price to book ratio is 1.99.

Transactions by insiders

Recent insider trading involved Dmytruk Mark E., that happened on Apr 02 ’24 when 51169.0 shares were sold., Dmytruk Mark E. completed a deal on Mar 04 ’24 to sell 38826.0 shares. Meanwhile, Dmytruk Mark E. sold 39569.0 shares on Feb 02 ’24.

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