Down a Monstrous 90% This Year, Is There Any Hope Left for Ginkgo Bioworks Investors? [Yahoo! Finance]
Ginkgo Bioworks Holdings, Inc. (DNA)
Company Research
Source: Yahoo! Finance
Things have gotten so bad for biotech company Ginkgo Bioworks Holdings (NYSE: DNA) that it recently had to do a 1-for-40 reverse stock split to keep its share price up and stay listed on the New York Stock Exchange. It has been in the midst of a stunning free fall as investors appear to have lost patience with the business. Is the sell-off justifiable, or is this just an overreaction from investors? Let's take a look at why the stock is struggling so much and if there's any reason for investors to consider taking a chance on Ginkgo today. Ginkgo's losses and cash burn continue to mount There is a lot of potential in the long run for Ginkgo to help companies develop next-gen, bioengineered products. One of the more exciting opportunities for the business is working to analyze biological data with the help of artificial intelligence (AI) to bring products to market more efficiently. But for all the deals and partnerships that Ginkgo has announced in recent years, including working
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News
- Ferment Launches $20M Studio Fund to Accelerate Biotech Solutions Across Vital Industries [Yahoo! Finance]Yahoo! Finance
- Ginkgo Bioworks Holdings Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Ginkgo Bioworks Holdings Inc (DNA) Q3 2024 Earnings Call Highlights: Strategic Restructuring ... [Yahoo! Finance]Yahoo! Finance
- Ginkgo Bioworks Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Ginkgo Bioworks Reports Third Quarter 2024 Financial ResultsPR Newswire
DNA
Earnings
- 11/12/24 - Beat
DNA
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 144
- 11/21/24 - Form 144
- DNA's page on the SEC website