Should You Buy Ginkgo Bioworks Holdings Inc (DNA) Stock on Tuesday?

Overall market sentiment has been down on Ginkgo Bioworks Holdings Inc (DNA) stock lately. DNA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Ginkgo Bioworks Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DNA!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With DNA Stock Today?

Ginkgo Bioworks Holdings Inc (DNA) stock is flat 0.36% while the S&P 500 has gained 0.13% as of 10:46 AM on Tuesday, Nov 28. DNA is unchanged $0.00 from the previous closing price of $1.39 on volume of 4,574,606 shares. Over the past year the S&P 500 has risen 14.94% while DNA is down -23.91%. DNA lost -$0.45 per share in the over the last 12 months. To screen for more stocks like Ginkgo Bioworks Holdings Inc click here.

More About Ginkgo Bioworks Holdings Inc

Ginkgo Bioworks Holdings Inc is building a platform to enable customers to program cells as easily to program computers. The company's platform is market agnostic and enables biotechnology applications across diverse markets, from food and agriculture to industrial chemicals to pharmaceuticals. Click Here to get the full Stock Report for Ginkgo Bioworks Holdings Inc stock.