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Ginkgo Bioworks Holdings, Inc. (DNA) Stock Moves -0.32%: What You Should Know

In the latest trading session, Ginkgo Bioworks Holdings, Inc. (DNA) closed at $3.12, marking a -0.32% move from the previous day. This change was narrower than the S&P 500's 1.51% loss on the day. At the same time, the Dow lost 1.71%, and the tech-heavy Nasdaq lost 0.02%.

Prior to today's trading, shares of the company had gained 14.23% over the past month. This has outpaced the Medical sector's loss of 4.08% and the S&P 500's loss of 9.52% in that time.

Wall Street will be looking for positivity from Ginkgo Bioworks Holdings, Inc. as it approaches its next earnings report date. On that day, Ginkgo Bioworks Holdings, Inc. is projected to report earnings of -$0.06 per share, which would represent year-over-year growth of 14.29%. Our most recent consensus estimate is calling for quarterly revenue of $50.65 million, down 34.74% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.12 per share and revenue of $409 million, which would represent changes of +20% and +30.32%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Ginkgo Bioworks Holdings, Inc.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Ginkgo Bioworks Holdings, Inc. is currently a Zacks Rank #4 (Sell).

The Medical - Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 84, putting it in the top 34% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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