Ginkgo Bioworks Facing Steep Decline, Analyst Recommends Sell
Monday, 20 May 2024, 16:40
Is Ginkgo stock a sell?
Why rate Ginkgo stock a sell? Where shall I begin?
- Massaro is most concerned with management commentary that new "cell programs" are no longer a great forecaster of revenue growth.
- The company received a warning from the NYSE and is at risk of delisting.
- Ginkgo cut costs significantly, but through troubling moves in headcount and research and development.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.