A share price of Bionano Genomics Inc [BNGO] is currently trading at $0.60, down -2.59%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BNGO shares have lost -2.37% over the last week, with a monthly amount drifted -6.00%, and not seem to be holding up well over a long-time horizon.
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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 $0.52 and $6.19. Currently, Wall Street analysts expect the stock to reach $88.5 within the next 12 months. Bionano Genomics Inc [NASDAQ: BNGO] shares were valued at $0.60 at the most recent close of the market. An investor can expect a potential return of 14650.0% based on the average BNGO price forecast.
Analyzing the BNGO fundamentals
Trailing Twelve Months sales for Bionano Genomics Inc [NASDAQ:BNGO] were 37.47M which represents 18.26% growth. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -5.33%, Pretax Profit Margin comes in at -6.05%, and Net Profit Margin reading is -6.05%. To continue investigating profitability, this company’s Return on Assets is posted at -1.44, Equity is -1.77 and Total Capital is -2.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.52.
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 0.5821 points at the first support level, and at 0.5626 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6314, and for the 2nd resistance point, it is at 0.6612.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bionano Genomics Inc [NASDAQ:BNGO] is 1.46. As well, the Quick Ratio is 1.13, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 0.42.
