Thursday, February 25, 2021

For Bionano Genomics Inc. [BNGO], Analyst sees a rise to $1.25. What next?

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Bionano Genomics Inc. [NASDAQ: BNGO] loss -1.16% on the last trading session, reaching $11.05 price per share at the time. The company report on February 5, 2021 that Presentation Recordings from Bionano’s Next-Generation Cytogenomics Symposium, its Most Attended Event to Date, Now Available Online.

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced that presentation recordings from its 5-day Next-Generation Cytogenomics Symposium, which took place from January 11 to 15 and featured 33 presentations by Saphyr users, are now available online on the company’s website and its YouTube page. This event was by far its highest attended to date, with more than 15,500 session registrations and more than 6,400 session views from around the world. With the presentation recordings now available online, the impact of the event can continue to grow and expand awareness of Bionano Genomics and its Saphyr system for optical genome mapping and structural variation analysis.


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The event brought together scientists from leading hospitals and medical research institutions from the United States, Europe, China and Australia and covered applications of optical genome mapping (OGM) with Saphyr to study a variety of genetic diseases, blood cancers, solid tumors and repeat disorders as well as the studies supporting validation of clinical assays developed by Saphyr users. The last day of the symposium was dedicated to the study of the genomes of severely ill COVID-19 patients.

Bionano Genomics Inc. represents 271.83 million in outstanding shares, while the company has a total market value of $2.03 billion with the latest information. BNGO stock price has been found in the range of $10.59 to $11.25.

If compared to the average trading volume of 78.67M shares, BNGO reached a trading volume of 33089290 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Bionano Genomics Inc. [BNGO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BNGO shares is $7.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BNGO stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Ladenburg Thalmann have made an estimate for Bionano Genomics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 24, 2020. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on April 08, 2020, representing the official price target for Bionano Genomics Inc. stock.

The Average True Range (ATR) for Bionano Genomics Inc. is set at 1.49, with the Price to Sales ratio for BNGO stock in the period of the last 12 months amounting to 278.25. The Price to Book ratio for the last quarter was 100.45, with the Price to Cash per share for the same quarter was set at 0.10.

Trading performance analysis for BNGO stock

Bionano Genomics Inc. [BNGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, BNGO shares gained by 131.66% in over the last four-week period, additionally plugging by 1281.25% over the last 6 months – not to mention a rise of 972.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BNGO stock in for the last two-week period is set at 65.01, with the RSI for the last a single of trading hit 61.30, and the three-weeks RSI is set at 66.82 for Bionano Genomics Inc. [BNGO]. The present Moving Average for the last 50 days of trading for this stock 4.55, while it was recorded at 11.37 for the last single week of trading, and 1.55 for the last 200 days.

Bionano Genomics Inc. [BNGO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Bionano Genomics Inc. [BNGO] shares currently have an operating margin of -255.44 and a Gross Margin at +22.46. Bionano Genomics Inc.’s Net Margin is presently recorded at -294.34.

Return on Total Capital for BNGO is now -120.73, given the latest momentum, and Return on Invested Capital for the company is -261.76. Return on Equity for this stock declined to -433.64, with Return on Assets sitting at -108.40. When it comes to the capital structure of this company, Bionano Genomics Inc. [BNGO] has a Total Debt to Total Equity ratio set at 555.80. Additionally, BNGO Total Debt to Total Capital is recorded at 84.75, with Total Debt to Total Assets ending up at 66.49.

Reflecting on the efficiency of the workforce at the company, Bionano Genomics Inc. [BNGO] managed to generate an average of -$307,372 per employee. Receivables Turnover for the company is 1.87 with a Total Asset Turnover recorded at a value of 0.37.Bionano Genomics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.20.

Bionano Genomics Inc. [BNGO]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Bionano Genomics Inc. posted -0.3/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BNGO.

An analysis of insider ownership at Bionano Genomics Inc. [BNGO]

There are presently around $97 million, or 4.80% of BNGO stock, in the hands of institutional investors. The top three institutional holders of BNGO stocks are: VANGUARD GROUP INC with ownership of 5,566,305, which is approximately 1468.977% of the company’s market cap and around 0.06% of the total institutional ownership; BANK JULIUS BAER & CO. LTD, ZURICH, holding 849,999 shares of the stock with an approximate value of $9.39 million in BNGO stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $6.81 million in BNGO stock with ownership of nearly 91.937% of the company’s market capitalization.

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Positions in Bionano Genomics Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 22 institutional holders increased their position in Bionano Genomics Inc. [NASDAQ:BNGO] by around 6,696,027 shares. Additionally, 13 investors decreased positions by around 1,901,884 shares, while 3 investors held positions by with 148,886 shares. The mentioned changes placed institutional holdings at 8,746,797 shares, according to the latest SEC report filing. BNGO stock had 13 new institutional investments in for a total of 993,633 shares, while 6 institutional investors sold positions of 169,255 shares during the same period.

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