A recovery plan is underway, but it isn't a slam dunk. To say that Ginkgo Bioworks' (DNA -10.03%) stock is in a bit of a rough patch doesn't quite capture it. With the price of its shares down by 81% in 2024 alone, many investors are likely wishing they had walked out the door months ago. But with the biotech's ambitious vision for highly automated biopharma manufacturing still unrealized, there may yet be rewards waiting for those who hold on for a bit longer. Or shareholders could just experience even mor ...

The Zacks Industry Rank gauges the strength of our individual 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. Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.30 per share and a revenue of $175. ...

Ginkgo Bioworks' Big Team-Up Ginkgo Bioworks: Bad News and Worse News Consequently, if the company continues to run afoul of the NYSE's listing rules, don't be too surprised if the exchange delists Ginkgo Bioworks. Getting kicked off the prestigious NYSE and relegated to the over-thecounter gulag would be a harsh blow for Ginkgo Bioworks and its loyal shareholders. There's definitely a science to picking beaten-down gems in the stock market. If you get it wrong, you could lose a lot of money. Ginkgo Biowork ...

Ginkgo Bioworks (NYSE:DNA) layoffs continue today with the cell programming company announcing additional job cuts. Ginkgo Bioworks notes that these layoffs are part of a restructuring plan. This will see some of the job cuts happening in 2025 as it continues to alter its business. However, the initial job cuts will begin this month. More Ginkgo Bioworks Layoffs DNA stock is down 10.6% as of Wednesday afternoon. That comes with over 52 million shares traded. This is above its daily average trading volume of ...

Venlo, the Netherlands, June 11, 2024 (GLOBE NEWSWIRE) -- QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) today announced the launch of 35 new wet-lab tested digital PCR Microbial DNA Detection Assays for its digital PCR (dPCR) platform QIAcuity, significantly enhancing its offerings in the field of microbial research. The new assays are available on QIAGEN's comprehensive research platform GeneGlobe and are designed to target a wide range of pathogens responsible for tropical diseases, sexually transmit ...

Morgan Stanley recently released its bullish take on the biotech space, driven by anticipated interest rate cuts and a surge in mergers and acquisitions (M&A) activity. The analyst firm states biotech stocks typically outshine the market just before a rate cut. Moreover, increased optimism spurs an uptick in M&A activity, contributing to a more active biotech sector. Hence, discarding underperforming biotech stocks to sell is imperative, as the industry is picking up steam again. Rallybio (RLYB) Source: Shu ...

This innovative biotechnology company hopes to turn things around. Once upon a time, Ginkgo Bioworks (DNA -0.25%) was viewed by many as a rising star in the biotechnology world. However, since its initial public offering in September 2021, the stock has plunged 95%. So far in 2024, Ginkgo's shares have fallen more than 60%. Can Ginkgo Bioworks stage a major comeback? Or is the stock likely to continue floundering? Two Motley Fool contributors make the bull and bear arguments for Ginkgo. Bull case: A growing ...

Core Viewpoint - Ginkgo Bioworks has experienced a significant decline in share price, dropping 50% in the last three months, which may present a buying opportunity for investors if future recovery is anticipated [1][2] Financial Performance - In Q1, Ginkgo reported a revenue of $28 million from its biofoundry segment, an 18% decrease year-over-year, indicating ongoing unprofitability despite adding 17 new cell engineering programs [3] - Management has initiated a cost-cutting program aimed at reducing expenses by $200 million annually, with a target completion before mid-next year [4] Cost Management and Profitability Outlook - The cost-cutting plan includes a 25% reduction in labor costs, likely resulting in layoffs, particularly in R&D, and a potential 60% reduction in foundry lab space [4] - If cost reductions are successful, adjusted EBITDA is expected to reach breakeven by the end of 2026, although a positive net profit margin under GAAP is not anticipated at that time [6] Revenue Projections - For 2024, Ginkgo anticipates revenue from cell engineering services to be up to $140 million, impacted by slower revenue growth from existing programs and cost-cutting measures [7] - The company has shifted its focus away from the number of new programs onboarded as a key metric, which may indicate a slowdown in growth [8] Cash Position and Financial Risks - As of the end of Q1, Ginkgo held $840 million in cash and equivalents, with trailing-12-month operating expenses of $898.3 million, suggesting potential cash flow challenges despite cost-cutting efforts [10] - The company has no long-term debt but does have $221.8 million in long-term capital lease obligations, indicating possible avenues for raising cash through borrowing or stock issuance [11] Future Potential - There is a scenario where Ginkgo could become a profitable provider of biotech services, but a clear trajectory toward this goal is necessary for the stock to be attractive to investors [13]

Venlo, the Netherlands, May 29, 2024 (GLOBE NEWSWIRE) -- QIAGEN (NYSE: QGEN; Frankfurt Prime Standard: QIA) today announced the launch of its QIAseq Multimodal DNA/RNA Lib Kit. The new kit enables seamless preparation of DNA and RNA libraries for next-generation sequencing (NGS), such as whole genome sequencing (WGS) and whole transcriptome sequencing (WTS), as well as downstream target enrichment based on hybrid-capture from a single sample. The QIAseq Multimodal DNA/RNA Lib Kit facilitates multiomics, the ...

You don't need to buy her picks, but it's worth understanding them. Cathie Wood's commitment to buying shares of businesses working on disruptive innovations, via her ARK Innovation ETF and ARK Genomic Revolution ETF, makes her investing style very much on the riskier side of the spectrum -- especially when she invests in already risky areas like biotech. But if her theses are correct, the upside to investors could be tremendous, assuming they can tolerate what might be a very long and bumpy ride between bu ...