Bionano Genomics Inc [NASDAQ: BNGO] stock went on an upward path that rose over 8.24% on Wednesday, amounting to a one-week price increase of more than 14.96%.
Over the last 12 months, BNGO stock dropped by -74.13%. The one-year Bionano Genomics Inc stock forecast points to a potential upside of 82.11. The average equity rating for BNGO stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $29.15 million, with 86.00 million shares outstanding and 85.45 million shares in the current float. Compared to the average trading volume of 1.88M shares, BNGO stock reached a trading volume of 5541326 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $1.90 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 2.50. 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.
BTIG Research have made an estimate for Bionano Genomics Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 10, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on January 05, 2023, representing the official price target for Bionano Genomics Inc stock. Previously, the target price had yet another raise to $3.50, while BTIG Research analysts kept a Buy rating on BNGO stock.
The Average True Range (ATR) for Bionano Genomics Inc is set at 0.03, with the Price to Sales ratio for BNGO stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 0.30, with the Price to Cash per share for the same quarter was set at 0.35.
BNGO Stock Performance Analysis:
Bionano Genomics Inc [BNGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.96. With this latest performance, BNGO shares dropped by -20.22% in over the last four-week period, additionally sinking by -64.64% over the last 6 months – not to mention a drop of -74.13% 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 43.19, with the RSI for the last a single of trading hit 49.51, and the three-weeks RSI is set at 41.17 for Bionano Genomics Inc [BNGO]. The present Moving Average for the last 50 days of trading for this stock 0.4143, while it was recorded at 0.3127 for the last single week of trading, and 0.7920 for the last 200 days.
Insight into Bionano Genomics Inc Fundamentals:
Bionano Genomics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.11 and a Current Ratio set at 1.63.
BNGO Stock EPS
With the latest financial reports released by the company, Bionano Genomics Inc posted -3.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.97/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.25. 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] Institutonal Ownership Details
There are presently around $11.81%, or 11.82%% of BNGO stock, in the hands of institutional investors.
