Codex DNA Inc. [DNAY] Stock trading around $9.33 per share: What’s Next?


Codex DNA Inc. [NASDAQ: DNAY] closed the trading session at $9.33 on 12/29/21. The day’s price range saw the stock hit a low of $6.96, while the highest price level was $9.59. The company report on December 23, 2021 that Codex DNA Expands Catalog of COVID-19 Tools with Release of Full-Length Synthetic Genome for SARS-CoV-2 Omicron Variant.

Researchers around the world can utilize the synthetic genome to produce virus to test strain-specific diagnostics, monoclonal antibody treatments, small-molecule therapies, or new vaccines against the highly transmissible variant.

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Codex DNA, Inc. (Nasdaq: DNAY), a pioneer in automated benchtop synthetic biology systems, today announced the release of a new full-length synthetic genome of the SARS-CoV-2 virus for the highly mutated and contagious Omicron variant (B.1.1.529 lineage). Omicron has been identified as a Variant of Concern by WHO and is spreading more rapidly than any other previous variant of SARS-CoV-2. The genome was built with the company’s BioXp™ 3250 system, a fully automated synthetic biology benchtop workstation for rapid, accurate, and reproducible writing of DNA and mRNA.

The stocks have a year to date performance of -49.57 percent and weekly performance of 39.88 percent. The stock has been moved at -57.59 percent over the last six months. The stock has performed 41.36 percent around the most recent 30 days and changed -16.77 percent over the most recent 3-months.

If compared to the average trading volume of 90.92K shares, DNAY reached to a volume of 5667183 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Codex DNA Inc. [DNAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNAY shares is $25.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNAY stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cowen have made an estimate for Codex DNA Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 15, 2021. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on July 13, 2021, representing the official price target for Codex DNA Inc. stock. Previously, the target price had yet another raise to $23, while Jefferies analysts kept a Buy rating on DNAY stock.

The Average True Range (ATR) for Codex DNA Inc. is set at 0.85, with the Price to Sales ratio for DNAY stock in the period of the last 12 months amounting to 36.49. The Price to Book ratio for the last quarter was 2.66, with the Price to Cash per share for the same quarter was set at 3.21.

DNAY stock trade performance evaluation

Codex DNA Inc. [DNAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 39.88. With this latest performance, DNAY shares gained by 41.36% in over the last four-week period, additionally sinking by -57.59% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DNAY stock in for the last two-week period is set at 65.25, with the RSI for the last a single of trading hit 72.40, and the three-weeks RSI is set at 59.33 for Codex DNA Inc. [DNAY]. The present Moving Average for the last 50 days of trading for this stock 7.99, while it was recorded at 7.24 for the last single week of trading.

Codex DNA Inc. [DNAY]: An insightful look at the core fundamentals

Codex DNA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.70 and a Current Ratio set at 14.90.

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