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What Are You Thinking About Investing In Codex DNA Inc. (NASDAQ: DNAY) Stock?

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Codex DNA Inc. (NASDAQ:DNAY) traded at $10.00 at last check on Monday, January 10, made an upward move of 6.77% on its previous day’s price.

Looking at the stock we see that its previous close was $9.37 with the day’s price range being $9.11 – $10.1367. In terms of its 52-week price range, DNAY has a high of $25.70 and a low of $6.16. The company’s stock has gained about 27.66% over that past 30 days.

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Codex DNA Inc. has a market cap of $288.13 million and is expected to release its quarterly earnings report on Aug 10, 2021. Estimates by analysts give the company expected earnings per share (EPS) of -$0.37, with the EPS growth for the year raised at -$1.72 for 2021 and -$1.54 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.83 million, with a low of $3.1 million and a high of $4.4 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Codex DNA Inc. (DNAY) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 25.20% off its SMA20 and 24.73% from its 50-day simple moving average. The RSI (14) is pointing at 60.81 while the volatility over the past week is 12.58% and jumps to 12.75% over the past one month. The average price target for the stock over the next 12 months is $25.00, with the estimates having a low of $20.00 and a high of $30.00. These price ends are -100.0% and -200.0% off the today’s price level respectively, although investors could be excited at the prospect of a -150.0% if the DNAY share price touches on the median price of $25.00.

Coming back to Codex DNA Inc. (NASDAQ:DNAY), we note that the average 3-month trading volume was 449.93K. Current shares outstanding are 29.30 million.

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The insiders hold 52.65% of the company’s shares while institutions hold 57.50%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -13.24% down in year-to-date price movement.