The stock of Ginkgo Bioworks Holdings Inc. (NYSE:DNA) decreased by -$0.08 on Monday to finish at $1.79, down -4.28 percent. The last five days have seen an average of 24,170,881 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.1000. The average number of shares traded over the last 20 days was 22,342,664, while the average volume over the last 50 days totaled 23,773,795.
DNA stock dropped -12.25% since last month. On 08/10/23, the company’s shares reached a one-month low of $1.7000. The stock touched a high of $4.26 on 07/19/23, after rallying from a low of $1.12 in 52 weeks. The price of DNA stock has risen by 5.92% or $0.1000 this year, reaching a new high 9 times. Still, the stock price is down -57.98% from the 52-week high.
Insider Transactions
DNA stock investors should be aware that Ginkgo Bioworks Holdings Inc. (DNA) stock had its last reported insider trading activity 5 days ago on Aug 10. On Aug 10, Kelly Jason R sold 100,000 shares at $1.76 each. This transaction resulted in the insider making $176,400. On Aug 10, Canton Barry sold 37,650 shares at a price of US$1.77. After the transaction, the insider now owns 13,089,894 shares. Shetty Reshma P. had earlier sold 37,650 shares on Aug 10 for $1.77 a share. The transaction was completed for $66,490.
Valuation Metrics
Beta for the stock is 1.25. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.44, the price-to-book (PB) ratio of 2.13.
Financial Health
For the three months ended June 29, Ginkgo Bioworks Holdings Inc.’s quick ratio was 6.90, while its current ratio was 6.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 63.80% percent. Based on annual data, it had gross profit of $273.49 million and revenue of $477.71 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DNA’s return on assets (ROA) during the last 12 months has been -95.40%. There was a -124.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -133.30%.
Earnings Surprise
According to Ginkgo Bioworks Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Ginkgo Bioworks Holdings Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.08, beating the consensus by -12.50%. EBITDA was -$165.93 million for the quarter. At the end of Ginkgo Bioworks Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 788.41 million, while its total debt was $410.94 million. Equity owned by shareholders amounts to $1.98 billion.
Technical Picture
Here’s a quick look at Ginkgo Bioworks Holdings Inc.’s (DNA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 35.31%, suggesting the stock is Neutral, with a 100.09% historical volatility rate.
The stochastic %K and %D were 12.30% and 13.09% respectively, while the average true range (ATR) was 0.1857. Based on the 14-day stochastic reading of 10.71%, the RSI (14) reading is 40.78%. On the 9-day MACD Oscillator, the stock is at -0.1633, and the 14-day reading is at -0.3167.
Analyst Ratings
Ginkgo Bioworks Holdings Inc. (NYSE: DNA) was downgraded by Goldman to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Ginkgo Bioworks Holdings Inc. (DNA) an Overweight rating. DNA is a stock that is recommended for selling by 1 brokerage firm, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is DNA’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.25 and $12.00, with a median target price of $3.20. In analyzing these forecasts, the average price target given by analysts for Ginkgo Bioworks Holdings Inc. (DNA) is $4.21.
