At the time of writing, Ginkgo Bioworks Holdings Inc [DNA] stock is trading at $8.70, up 5.33%. 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 32.02% over the last week, with a monthly amount glided 10.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ginkgo Bioworks Holdings Inc [NYSE: DNA] stock has seen the most recent analyst activity on May 15, 2024, when BTIG Research downgraded its rating to a Sell. Previously, William Blair downgraded its rating to Underperform on May 10, 2024. On November 14, 2023, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $2.50 on the stock. BTIG Research downgraded its rating to a Neutral. Goldman downgraded its rating to a Sell and reduced its price target to $1.25 on June 02, 2023. William Blair downgraded its rating to Mkt Perform for this stock on May 11, 2023. In a note dated November 29, 2022, Berenberg initiated an Buy rating and provided a target price of $6 on this stock.
For the past year, the stock price of Ginkgo Bioworks Holdings Inc fluctuated between $5.26 and $75.20. Currently, Wall Street analysts expect the stock to reach $7.34 within the next 12 months. Ginkgo Bioworks Holdings Inc [NYSE: DNA] shares were valued at $8.70 at the most recent close of the market. An investor can expect a potential drop of -15.63% based on the average DNA price forecast.
Analyzing the DNA fundamentals
According to Ginkgo Bioworks Holdings Inc [NYSE:DNA], the company’s sales were 217.95M for trailing twelve months, which represents an 60.65% jump. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -2.71%, Pretax Profit Margin comes in at -2.99%, and Net Profit Margin reading is -2.99%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.7 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.
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 8.35 points at the first support level, and at 7.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.90, and for the 2nd resistance point, it is at 9.09.
Ratios To Look Out For
It is important to note that Ginkgo Bioworks Holdings Inc [NYSE:DNA] has a current ratio of 5.79. Also, the Quick Ratio is 5.79, while the Cash Ratio stands at 5.39. Considering the valuation of this stock, the price to sales ratio is 2.42, the price to book ratio is 0.55.
Transactions by insiders
Recent insider trading involved Che Austin, Officer, that happened on Nov 29 ’24 when 99.0 shares were purchased. Officer, Che Austin completed a deal on Nov 27 ’24 to buy 99.0 shares. Meanwhile, Officer Che Austin bought 99.0 shares on Nov 26 ’24.
