Ginkgo Bioworks Holdings Inc. [DNA] Is Currently -0.71 below its 200 Period Moving Avg: What Does This Mean?

Ginkgo Bioworks Holdings Inc. [NYSE: DNA] traded at a low on 03/03/23, posting a -0.71 loss after which it closed the day’ session at $1.39. The company report on March 2, 2023 that Ginkgo Bioworks Announces Participation in Cowen’s 43rd Annual Health Care Conference.

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Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity, announced today that Co-Founder and CEO Jason Kelly is scheduled to participate in Cowen’s 43rd Annual Health Care Conference, including:.

Fireside chat on Monday, March 6, 2023, at 9:10 a.m. ET.

The results of the trading session contributed to over 33598727 shares changing hands. Over the past one week, the price volatility of Ginkgo Bioworks Holdings Inc. stands at 7.72% while the volatility over the past one month is 7.95%.

The market cap for DNA stock reached $2.57 billion, with 1.63 billion shares outstanding and 1.17 billion shares in the current float. Compared to the average trading volume of 21.13M shares, DNA reached a trading volume of 33598727 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Ginkgo Bioworks Holdings Inc. [DNA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DNA shares is $3.59 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DNA stock is a recommendation set at 2.10. 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.

Berenberg have made an estimate for Ginkgo Bioworks Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 29, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on October 04, 2022, representing the official price target for Ginkgo Bioworks Holdings Inc. stock. Previously, the target price had yet another raise to $3, while BofA Securities analysts kept a Underperform rating on DNA stock.

The Average True Range (ATR) for Ginkgo Bioworks Holdings Inc. is set at 0.14, with the Price to Sales ratio for DNA stock in the period of the last 12 months amounting to 5.37. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 0.71.

How has DNA stock performed recently?

Ginkgo Bioworks Holdings Inc. [DNA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.44. With this latest performance, DNA shares dropped by -30.50% in over the last four-week period, additionally sinking by -48.33% over the last 6 months – not to mention a drop of -67.29% in the past year of trading.

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 DNA stock in for the last two-week period is set at 33.92, with the RSI for the last a single of trading hit 27.27, and the three-weeks RSI is set at 37.75 for Ginkgo Bioworks Holdings Inc. [DNA]. The present Moving Average for the last 50 days of trading for this stock 1.7196, while it was recorded at 1.4240 for the last single week of trading, and 2.4778 for the last 200 days.

Ginkgo Bioworks Holdings Inc. [DNA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ginkgo Bioworks Holdings Inc. [DNA] shares currently have an operating margin of -462.41 and a Gross Margin at +57.25. Ginkgo Bioworks Holdings Inc.’s Net Margin is presently recorded at -440.63.

Return on Equity for this stock declined to -129.87, with Return on Assets sitting at -91.31.

Ginkgo Bioworks Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.70 and a Current Ratio set at 11.70.

Earnings analysis for Ginkgo Bioworks Holdings Inc. [DNA]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DNA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ginkgo Bioworks Holdings Inc. go to 44.80%.

Insider trade positions for Ginkgo Bioworks Holdings Inc. [DNA]

There are presently around $1,386 million, or 88.00% of DNA stock, in the hands of institutional investors. The top three institutional holders of DNA stocks are: BAILLIE GIFFORD & CO with ownership of 244,176,643, which is approximately 18.15% of the company’s market cap and around 5.40% of the total institutional ownership; ARK INVESTMENT MANAGEMENT LLC, holding 144,384,067 shares of the stock with an approximate value of $200.69 million in DNA stocks shares; and VANGUARD GROUP INC, currently with $141.12 million in DNA stock with ownership of nearly 15.22% of the company’s market capitalization.

Positions in Ginkgo Bioworks Holdings Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 190 institutional holders increased their position in Ginkgo Bioworks Holdings Inc. [NYSE:DNA] by around 128,643,645 shares. Additionally, 141 investors decreased positions by around 63,023,650 shares, while 63 investors held positions by with 805,537,146 shares. The mentioned changes placed institutional holdings at 997,204,441 shares, according to the latest SEC report filing. DNA stock had 78 new institutional investments in for a total of 19,855,871 shares, while 65 institutional investors sold positions of 11,946,788 shares during the same period.


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