Reasons why Ginkgo Bioworks Holdings Inc’s (NYSE:DNA) fundamentals are futile

The price of Ginkgo Bioworks Holdings Inc (NYSE:DNA) shares last traded on Wall Street fell -3.03% to $0.26.

DNA stock price is now -30.38% away from the 50-day moving average and -74.45% away from the 200-day moving average. The market capitalization of the company currently stands at $552.49M.

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, while ‘Raymond James’ rates the stock as ‘Mkt Perform’

In other news, Che Austin, Officer bought 3,968 shares of the company’s stock on Aug 12 ’24. The stock was bought for $1,057 at an average price of $0.27. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Officer Che Austin bought 3,968 shares of the business’s stock. A total of $1,230 was incurred on buying the stock at an average price of $0.31. A total of 31.93% of the company’s stock is owned by insiders.

During the past 12 months, Ginkgo Bioworks Holdings Inc has had a low of $0.26 and a high of $2.46. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 4.71, and a quick ratio of 4.71. The fifty day moving average price for DNA is $0.37042 and a two-hundred day moving average price translates $1.018745 for the stock.

The latest earnings results from Ginkgo Bioworks Holdings Inc (NYSE: DNA) was released for 2024-06-30. The net profit margin was -486.98% and return on equity was -76.83% for DNA. The company reported revenue of $56.21 million for the quarter, compared to $80.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -30.24 percent.

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