Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ginkgo Bioworks Holdings Inc’s current trading price is -89.18% away from its 52-week high, while its distance from the 52-week low is 54.75%. The stock’s price range during this period has varied between $5.26 and $75.20. The company, active in the Healthcare sector, saw a trading volume of around 1.32 million for the day, considerably lower average daily volume of 1.35 million observed over the last three months.
Ginkgo Bioworks Holdings Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $75.20 on 12/20/23, and the lowest price during the same period was recorded at $5.26 on 09/10/24.
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How Financial Performance Impacts Market Capitalization
Ginkgo Bioworks Holdings Inc (DNA) has experienced a quarterly rise of 8.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 509.77M and boasts a workforce of 1218 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.02, with a change in price of -5.20. Similarly, Ginkgo Bioworks Holdings Inc recorded 1,359,622 in trading volume during the last 100 days, posting a change of -38.98%.
How DNA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for DNA stands at 0.56. Similarly, the long-term debt-to-equity ratio is also 0.56.
DNA Stock Stochastic Average
As of today, the raw stochastic average of Ginkgo Bioworks Holdings Inc over the past 50 days is 52.46%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 52.46%. Additionally, the Stochastic %K and %D values for the company were 31.86% and 20.11%, respectively, over the past 20 days.
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 index has shown a price loss of -87.96% this year. Over the last six months, there has been a stronger performance of -67.43%. The price of DNA leaped by -0.25% during the last 30 days period. For the last 5-days stocks have improved 28.59%.
