Ginkgo Bioworks Holdings Inc (NYSE: DNA) is -85.78% lower on its value in year-to-date trading and has touched a low of $5.26 and a high of $75.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DNA stock was last observed hovering at around $8.70 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $9.61, the stock is 23.36% and 20.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 10.46% at the moment leaves the stock -55.31% off its SMA200. DNA registered -81.38% loss for a year compared to 6-month loss of -55.64%. The firm has a 50-day simple moving average (SMA 50) of $7.9244 and a 200-day simple moving average (SMA200) of $21.7672.
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The stock witnessed a 26.12% gain in the last 1 month and extending the period to 3 months gives it a 57.54%, and is 33.84% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.01% over the week and 9.48% over the month.
Ginkgo Bioworks Holdings Inc (DNA) has around 1218 employees, a market worth around $581.80M and $217.95M in sales. Profit margin for the company is -298.78%. Distance from 52-week low is 82.70% and -87.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-52.37%).
The EPS is expected to grow by 45.22% this year.
Ginkgo Bioworks Holdings Inc (DNA) Top Institutional Holders
231.0 institutions hold shares in Ginkgo Bioworks Holdings Inc (DNA), with institutional investors hold 73.03% of the company’s shares. The shares outstanding are 41.37M, and float is at 36.32M with Short Float at 20.14%. Institutions hold 68.53% of the Float.
The top institutional shareholder in the company is VIKING GLOBAL INVESTORS LP with over 143.09 million shares valued at $47.83 million. The investor’s holdings represent 7.1383% of the DNA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 138.96 million shares valued at $46.46 million to account for 6.9327 of the shares outstanding. The other top investors are BAILLIE GIFFORD & CO which holds 134.43 million shares representing 6.7063% and valued at over $44.94 million, while ANCHORAGE CAPITAL GROUP, L.L.C. holds 3.485 of the shares totaling 69.85 million with a market value of $23.35 million.
Ginkgo Bioworks Holdings Inc (DNA) Insider Activity
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Still, SEC filings show that on Nov 27 ’24, Che Austin (Officer) Proposed Sale 99 shares at an average price of $7.97 for $789.0. The insider now directly holds shares of Ginkgo Bioworks Holdings Inc (DNA).
