Bionano Genomics Inc. [BNGO] Stock trading around $5.41 per share: What’s Next?

Bionano Genomics Inc. [NASDAQ: BNGO] surged by $0.1 during the normal trading session on Friday and reaching a high of $5.73 during the day while it closed the day at $5.41. The company report on May 7, 2021 that Bionano Genomics to Report First Quarter 2021 Financial Results and Host a Conference Call and Webcast on May 13, 2021.

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Bionano Genomics, Inc. (Nasdaq: BNGO) announced that it will host a conference call and live webcast on Thursday, May 13, 2021 at 4:30 p.m. Eastern Time to report financial results for the first quarter ended March 31, 2021 and to highlight recent corporate progress.

Conference call & Webcast Details.

Bionano Genomics Inc. stock has also loss -15.07% of its value over the past 7 days. However, BNGO stock has declined by -51.04% in the 3 months of the year. Over the past six months meanwhile, it has gained 997.36% and gained 75.65% year-on date.

The market cap for BNGO stock reached $1.57 billion, with 278.79 million shares outstanding and 276.45 million shares in the current float. Compared to the average trading volume of 27.95M shares, BNGO reached a trading volume of 16098937 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Bionano Genomics Inc. [BNGO]:

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 0.61, with the Price to Sales ratio for BNGO stock in the period of the last 12 months amounting to 184.12. The Price to Book ratio for the last quarter was 24.59, with the Price to Cash per share for the same quarter was set at 0.13.

BNGO stock trade performance evaluation

Bionano Genomics Inc. [BNGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.07. With this latest performance, BNGO shares dropped by -28.15% in over the last four-week period, additionally plugging by 997.36% over the last 6 months – not to mention a rise of 1416.68% 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 37.44, with the RSI for the last a single of trading hit 34.34, and the three-weeks RSI is set at 40.12 for Bionano Genomics Inc. [BNGO]. The present Moving Average for the last 50 days of trading for this stock 7.48, while it was recorded at 5.61 for the last single week of trading, and 4.08 for the last 200 days.

Bionano Genomics Inc. [BNGO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bionano Genomics Inc. [BNGO] shares currently have an operating margin of -435.74 and a Gross Margin at +21.67. Bionano Genomics Inc.’s Net Margin is presently recorded at -483.43.

Return on Total Capital for BNGO is now -98.66, given the latest momentum, and Return on Invested Capital for the company is -149.42. Return on Equity for this stock declined to -212.46, with Return on Assets sitting at -90.69. When it comes to the capital structure of this company, Bionano Genomics Inc. [BNGO] has a Total Debt to Total Equity ratio set at 46.54. Additionally, BNGO Total Debt to Total Capital is recorded at 31.76, with Total Debt to Total Assets ending up at 27.01. Long-Term Debt to Equity for the company is recorded at 46.54, with the Long-Term Debt to Total Capital now at 31.76.

Reflecting on the efficiency of the workforce at the company, Bionano Genomics Inc. [BNGO] managed to generate an average of -$279,635 per employee. Receivables Turnover for the company is 1.87 with a Total Asset Turnover recorded at a value of 0.19.Bionano Genomics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.90 and a Current Ratio set at 5.20.

Earnings per share (EPS) analysis for Bionano Genomics Inc. [BNGO] stock

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 -0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -42.90%. 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.

Bionano Genomics Inc. [BNGO]: Insider Ownership positions

There are presently around $90 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 7,132,899, which is approximately 28.144% of the company’s market cap and around 0.03% of the total institutional ownership; BLACKROCK INC., holding 3,421,505 shares of the stock with an approximate value of $18.17 million in BNGO stocks shares; and PURA VIDA INVESTMENTS, LLC, currently with $11.15 million in BNGO stock with ownership of nearly New 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 May and at the time of the May reporting period, where 63 institutional holders increased their position in Bionano Genomics Inc. [NASDAQ:BNGO] by around 9,295,114 shares. Additionally, 13 investors decreased positions by around 761,578 shares, while 4 investors held positions by with 6,809,100 shares. The mentioned changes placed institutional holdings at 16,865,792 shares, according to the latest SEC report filing. BNGO stock had 45 new institutional investments in for a total of 3,421,296 shares, while 6 institutional investors sold positions of 597,201 shares during the same period.

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