Here's What You May Have Missed About Ginkgo Bioworks (DNA)

Shares of Healthcare sector company Ginkgo Bioworks moved -12.2% today, and are now trading at a price of $2.04. The mid-cap stock's daily volume was 34,627,619 compared to its average volume of 24,408,554. The S&P 500 index returned a -0.6% performance.

Ginkgo Bioworks Holdings, Inc., together with its subsidiaries, develops platforms for cell programming. The company is based in Boston and has 641 full time employees. Its market capitalization is $3,950,381,312.

8 analysts are following Ginkgo Bioworks and have set target prices ranging from $3 to $14.5 per share. On average, they have given the company a rating of buy. At today's prices, DNA is trading -72.33% away from its average analyst target price of $7.36 per share.

Over the last year, DNA shares have gone down by -80.6%, which represents a difference of -64.8% when compared to the S&P 500. The stock's 52 week high is $13.74 per share and its 52 week low is $1.96. Ginkgo Bioworks has averaged free cash flows of $-190,290,666.7 over the last four years, with a mean growth rate of -124.9%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.