The stock of Ginkgo Bioworks Holdings Inc (NYSE:DNA) last traded at $0.84, up 10.49% from the previous session.
DNA stock price is now -18.56% away from the 50-day moving average and -42.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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On November 14, 2023, Raymond James Downgraded its previous ‘Outperform’ rating to ‘Mkt Perform’ on the stock reducing its target price from $3.50 to quote $2.50, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Coen Steven P., insider sold 131,928 shares of the company’s stock on May 02 ’24. The stock was sold for $111,479 at an average price of $0.84. Upon completion of the transaction, the insider now directly owns 162,527 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 02 ’24, Dmytruk Mark E. sold 47,806 shares of the business’s stock. A total of $40,396 was realized by selling the stock at an average price of $0.84. This leaves the insider owning 925,400 shares of the company worth $0.78 million. A total of 32.59% of the company’s stock is owned by insiders.
During the past 12 months, Ginkgo Bioworks Holdings Inc has had a low of $0.72 and a high of $2.55. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 5.34, and a quick ratio of 5.34.
The net profit margin was -409.12% and return on equity was -65.81% for DNA. The company reported revenue of $37.94 million for the quarter, compared to $80.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -52.98 percent.
