A share price of Bionano Genomics Inc [BNGO] is currently trading at $0.24, up 1.39%. An important factor to consider is whether the stock is rising or falling in short-term value. The BNGO shares have gain 2.65% over the last week, with a monthly amount drifted -13.36%, 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 November 15, 2024, when Ladenburg Thalmann downgraded its rating to a Neutral. Previously, BTIG Research downgraded its rating to Neutral on September 10, 2024. On January 05, 2023, Scotiabank initiated with a Sector Outperform rating and assigned a price target of $4 on the stock. BTIG Research started tracking with a Buy rating for this stock on June 16, 2021, and assigned it a price target of $10. In a note dated September 24, 2020, Ladenburg Thalmann initiated an Buy rating and provided a target price of $1.25 on this stock.
Bionano Genomics Inc experienced fluctuations in its stock price throughout the past year between $0.20 and $2.27. Currently, Wall Street analysts expect the stock to reach $1 within the next 12 months. Bionano Genomics Inc [NASDAQ: BNGO] shares were valued at $0.24 at the most recent close of the market. An investor can expect a potential return of 316.67% based on the average BNGO price forecast.
Analyzing the BNGO fundamentals
Trailing Twelve Months sales for Bionano Genomics Inc [NASDAQ:BNGO] were 33.33M which represents -34.83% decline. Gross Profit Margin for this corporation currently stands at -0.02% with Operating Profit Margin at -3.24%, Pretax Profit Margin comes in at -4.07%, and Net Profit Margin reading is -4.07%. To continue investigating profitability, this company’s Return on Assets is posted at -1.55, Equity is -1.76 and Total Capital is -1.99. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.31.
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 0.2319 points at the first support level, and at 0.2240 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2459, and for the 2nd resistance point, it is at 0.2520.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bionano Genomics Inc [NASDAQ:BNGO] is 1.43. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.43.
