Bionano Genomics Inc [BNGO] stock prices are up 0.95% to $1.06 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BNGO shares have gain 3.92% over the last week, with a monthly amount drifted -9.40%, and not seem to be holding up well over a long-time horizon.
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On 19, March 2024, Bionano Announces Publication of a Breast Cancer Study Showing that the Number of SVs Detected with OGM May Be Related to Prognosis, Tumor Progression and Chemotherapy Resistance. In a post published today on Yahoo Finance, Bionano Genomics, Inc. (Nasdaq: BNGO) today announced the publication of a study of optical genome mapping (OGM) in hereditary breast and ovarian cancer (HBOC) syndrome showing that when tumors exhibited higher overall numbers of structural variations (SVs) they tended to have more mutated genes and altered signaling pathways, which may correlate with poor prognosis, tumor progression and chemotherapy resistance. Researchers also found that OGM was able to detect chromothripsis events and novel gene fusions in cancer tissues with high accuracy, including novel gene fusions that were not detected by other methods.
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.
The stock price of Bionano Genomics Inc [BNGO] has been fluctuating between $1.00 and $11.80 over the past year. 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 $1.06 at the most recent close of the market. An investor can expect a potential return of 24664.15% based on the average BNGO price forecast.
Analyzing the BNGO fundamentals
The Bionano Genomics Inc [NASDAQ:BNGO] reported sales of 36.12M for trailing twelve months, representing a surge of 30.51%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at -5.82%, Pretax Profit Margin comes in at -6.44%, and Net Profit Margin reading is -6.44%. To continue investigating profitability, this company’s Return on Assets is posted at -1.08, Equity is -1.41 and Total Capital is -1.84. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 1.0400 points at the first support level, and at 1.0200 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0900, and for the 2nd resistance point, it is at 1.1200.
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
It’s worth pointing out that Bionano Genomics Inc [NASDAQ:BNGO]’s Current Ratio is 1.40. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 0.50.
Transactions by insiders
Recent insider trading involved Mamuszka Hannah, Director, that happened on Jun 13 ’23 when 65789.0 shares were purchased. President and CEO, Holmlin R. Erik completed a deal on May 16 ’23 to buy 15000.0 shares. Meanwhile, Chief Financial Officer Stewart Christopher P. bought 50000.0 shares on May 12 ’23.
