A share price of Bionano Genomics Inc [BNGO] is currently trading at $1.30, up 11.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BNGO shares have gain 7.44% over the last week, with a monthly amount glided 6.56%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, American College of Medical Genetics and Genomics Includes OGM in Latest Edition of Technical Laboratory Standards for Solid Tumor Analysis. In a post published today on Yahoo Finance, Bionano Genomics, Inc. (Nasdaq: BNGO), today announced that optical genome mapping (OGM) was included for the first time in the American College of Medical Genetics and Genomics (ACMG) technical laboratory standards documentation for solid tumor analysis. The section, which was last updated in 2016, includes an overview of current cytogenomic techniques for solid tumor analysis and guidelines for their use, providing structure and standardization to laboratory geneticists as they perform cytogenomic studies for solid tumors.
From an analyst’s perspective:
Bionano Genomics Inc [NASDAQ: BNGO] stock has seen the most recent analyst activity on January 05, 2023, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $4. BTIG Research started tracking the stock assigning a Buy rating and suggested a price target of $10 on June 16, 2021. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $1.25 as its price target on September 24, 2020. Oppenheimer started tracking with a Outperform rating for this stock on April 08, 2020, and assigned it a price target of $1.50.
Bionano Genomics Inc experienced fluctuations in its stock price throughout the past year between $1.04 and $14.45. Currently, Wall Street analysts expect the stock to reach $262.5 within the next 12 months. Bionano Genomics Inc [NASDAQ: BNGO] shares were valued at $1.30 at the most recent close of the market. An investor can expect a potential return of 20092.31% based on the average BNGO price forecast.
Analyzing the BNGO fundamentals
Trailing Twelve Months sales for Bionano Genomics Inc [NASDAQ:BNGO] were 33.61M which represents 29.04% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2000 points at the first support level, and at 1.1000 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.3500, and for the 2nd resistance point, it is at 1.4000.
Bionano Genomics Inc [BNGO] reported earnings per share of -$3.22 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.97/share, meaning a difference of -$2.25 and a surprise factor of -232.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.24 per share as compared to estimates of -$1.03 per share, a difference of -$0.21 representing a surprise of -20.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bionano Genomics Inc [NASDAQ:BNGO] is 2.60. Also, the Quick Ratio is 1.94, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 0.39.
Transactions by insiders
Recent insider trading involved Mamuszka Hannah, Director, that happened on Jun 13 when 65789.0 shares were purchased. President and CEO, Holmlin R. Erik completed a deal on May 16 to buy 15000.0 shares. Meanwhile, Chief Financial Officer Stewart Christopher P. bought 50000.0 shares on May 12.
