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DNA Stock on the Rise: A Promising Investment

Ginkgo Bioworks Holdings Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $2.55 on 07/19/23, and the lowest price during the same period was recorded at $1.05 on 03/14/24.

52-week price history of DNA Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Ginkgo Bioworks Holdings Inc’s current trading price is -57.56% away from its 52-week high, while its distance from the 52-week low is 2.86%. The stock’s price range during this period has fluctuated between $1.05 and $2.55. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 41.7 million for the day, which was evidently higher than the average daily volume of 22.98 million over the last three months.

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Financial Performance and Market Capitalization

Ginkgo Bioworks Holdings Inc (DNA) has experienced a quarterly decline of -25.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.19B and boasts a workforce of 1218 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4026, with a change in price of -0.4900. Similarly, Ginkgo Bioworks Holdings Inc recorded 22,060,453 in trading volume during the last 100 days, posting a change of -31.21%.

DNA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for DNA stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.20.

DNA Stock Stochastic Average

Ginkgo Bioworks Holdings Inc’s raw stochastic average for the past 50 days is currently at 5.36%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 5.36%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 5.16% and 7.71%, respectively.

DNA Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -36.09% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -44.90%. Over the past 30 days, the price of DNA has leaped by -27.52%. And in the last five days, it has fallen by -11.48%.

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