A share price of Bionano Genomics Inc [BNGO] is currently trading at $0.31, up 1.00%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BNGO shares have gain 1.75% over the last week, with a monthly amount drifted -31.02%, 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 September 10, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Scotiabank started tracking the stock with Sector Outperform rating on January 05, 2023, and set its price target to $4. BTIG Research initiated its recommendation with a Buy and recommended $10 as its price target on June 16, 2021. Ladenburg Thalmann started tracking with a Buy rating for this stock on September 24, 2020, and assigned it a price target of $1.25. In a note dated April 08, 2020, Oppenheimer initiated an Outperform rating and provided a target price of $1.50 on this stock.
Bionano Genomics Inc experienced fluctuations in its stock price throughout the past year between $0.28 and $2.27. Currently, Wall Street analysts expect the stock to reach $59.33 within the next 12 months. Bionano Genomics Inc [NASDAQ: BNGO] shares were valued at $0.31 at the most recent close of the market. An investor can expect a potential return of 19038.71% based on the average BNGO price forecast.
Analyzing the BNGO fundamentals
Trailing Twelve Months sales for Bionano Genomics Inc [NASDAQ:BNGO] were 36.58M which represents -10.29% decline. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -4.94%, Pretax Profit Margin comes in at -5.58%, and Net Profit Margin reading is -5.58%. To continue investigating profitability, this company’s Return on Assets is posted at -1.58, Equity is -2.16 and Total Capital is -1.96. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 0.3017 points at the first support level, and at 0.2903 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.3222, and for the 2nd resistance point, it is at 0.3313.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bionano Genomics Inc [NASDAQ:BNGO] is 1.63. In addition, the Quick Ratio stands at 1.11 and the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.28.
