A breakdown of the latest mutual funds holding Ginkgo Bioworks Holdings Inc (DNA)

Stocks of Ginkgo Bioworks Holdings Inc (NYSE:DNA) traded higher last session on Wall Street, up 15.08% to $0.99.

DNA stock price is now -12.98% away from the 50-day moving average and -35.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.01B.

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With the price target reduced from $3.50 to $2.50, Raymond James Downgraded its rating from Outperform to Mkt Perform for Ginkgo Bioworks Holdings Inc (NYSE: DNA). , while ‘Goldman’ rates the stock as ‘Sell’

In other news, Dmytruk Mark E., insider sold 51,169 shares of the company’s stock on Apr 02 ’24. The stock was sold for $53,727 at an average price of $1.05. Upon completion of the transaction, the insider now directly owns 865,079 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Dmytruk Mark E. sold 38,826 shares of the business’s stock. A total of $48,765 was realized by selling the stock at an average price of $1.26. This leaves the insider owning 808,125 shares of the company worth $0.8 million. A total of 33.65% of the company’s stock is owned by insiders.

During the past 12 months, Ginkgo Bioworks Holdings Inc has had a low of $0.74 and a high of $2.55. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 6.11, and a quick ratio of 6.11.

According to the Biotechnology Company, earnings per share came in at -0.11, missing analysts’ expectations of -0.09 by -0.02. This compares to -$0.06 EPS in the same period last year. The net profit margin was -355.08% and return on equity was -63.02% for DNA. The company reported revenue of $34.76 million for the quarter, compared to $98.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.64 percent. For the current quarter, analysts expect DNA to generate $46.04M in revenue.

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