Zymergen Inc. [ZY] fell -60.99% so far this year. What now?
Zymergen Corporation [NASDAQ: ZY] It traded at the highest level on 09/22/22, posting a gain of 1.56 and after that it closed the day’s session at $2.61. Company report on 25 July 2022 Ginkgo to acquire Zymergen.
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The acquisition is expected to accelerate the development of Ginkgo’s innovative horizontal synthetic biology platform.
Expect the integration of complementary automation, software, and data science tools from Zymergen as well as biological assets to enhance the capability, capabilities, and efficiency of the Ginkgo platform for its diverse customer base and enable new growth opportunities across many end markets.
The results of the trading session contributed to the circulation of more than 2493459 shares. Over the past week, the price volatility of Zymergen Inc. 7.32% while volatility over the last month was 8.45%.
ZY’s stock has a market capitalization of $283.65 million, with 103.48 million shares outstanding and 97.57 million shares in current float. Compared to an average trading volume of 1.52 million shares, ZY reached a trading volume of 2493459 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Zymergen Inc. [ZY]?
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for ZY shares is $2.30 a share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on ZY stock is a set recommendation at 3.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Quinn made an appreciation for the stock of Zymergen Inc. , retaining their opinion on the stock as market performance, with their previous recommendation back on March 02, 2022. The new note on price target was issued on January 12, 2022, representing the official target price for Zymergen Inc.’s stock.
The Average True Range (ATR) is set for Zymergen Inc. at 0.24, with the price-to-sales ratio for ZY stock in the last 12-month period being 19.56. The price-to-book ratio for the last quarter was 1.14, with the price-to-cash-to-cash ratio for the same quarter set at 1.97.
How has ZY stock been performing lately?
Zymergen Corporation [ZY] It fell into the red at the end of last week, fell in a negative direction and fell by -5.78. With this latest performance, ZY shares are up 9.66% over the past four-week period, and have also fallen -23.24% over the past six months – not to mention a -80.49% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for ZY stock for the last two week period is set at 51.73, with the RSI for the last one trade reaching 50.79, and the three-week RSI for Zymergen Inc. is set at 52.59. [ZY]. The current moving average of the last 50 trading days for this stock is 2.53, while it recorded at 2.63 for the last trading week, and 3.21 for the last 200 days.
Zymergen Corporation [ZY]: A deeper look into the basics
Operating margin for any stock indicates how profitable the investment is, and Zymergen Inc. [ZY] The equity’s current operating margin is -1943.13 and the gross margin is -440.02. Zymergen Inc. reported net margin. Currently at -2160.81.
Zymergen Inc.’s liquidity data is Interesting too, with the Quick Ratio at 4.50 and the Current Liquidity Ratio at 4.60.
Earnings analysis for Zymergen Inc. [ZY]
The company’s progress can be seen through the perspective of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for ZY. When it comes to the stated value, analysts expect Zymergen Inc.’s 5-year EPS growth rate to rise. to 20.30%.
Insider Trade Positions for Zymergen Inc. [ZY]
There are currently approximately $150 million, or 60.60% of ZY’s stock, in the hands of institutional investors. The three largest ZY corporate owners are: SB INVESTMENT ADVISERS (UK) LTD with 26614219 ownership, which is approximately 0% of the company’s market capitalization and approximately 4.20% of the total corporate ownership; ARK INVESTMENT MANAGEMENT LLC, which owns 3,456,518 shares with an approximate value of $9.02 million in ZY stock; and TRUE VENTURE PARTNERS IV, LLC, with $7.89 million in ZY stock with ownership of approximately 0% of the company’s market capitalization.
Positions increased in the shares of Zymergen Inc. held by institutional investors at the end of August and at the time of the August report, as 38 institutional investors consolidated their position in Zymergen Inc. [NASDAQ:ZY] About 6,162,245 shares. In addition, 53 investors decreased their positions by 11,948,240 shares, while 20 investors held positions by 39,538,383 shares. The said changes put institutional holdings at 5,764,868 shares, according to the latest report from the Securities and Exchange Commission. ZY’s stock had 22 new institutional investments for a total of 4,098,883 shares, while 28 institutional investors sold deals totaling 1,259,014 shares during the same period.