Bionano Genomics Inc (NASDAQ:BNGO) does about 1.64M shares in volume on a normal day but saw 1140131 shares change hands in Tuesday trading. The company now has a market cap of 57.42M USD. Its current market price is $1.05, marking a decrease of -0.94% compared to the previous close of $1.06. The 52 week high reached by this stock is $11.80 whilst the lowest price level in 52 weeks is $0.96.
Bionano Genomics Inc (BNGO) has a 20-day trading average at $1.0427 and the current price is -91.10% off the 52-week high compared with 9.36% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.1351 and its 200-day simple moving average is $2.5182. If we look at the stock’s price movements over the week, volatility stands at 8.71%, which decreases to 7.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.96 to suggest the stock is neutral.
The consensus objective for the share price is $6.67, suggesting that the stock has a potential upside of 84.26% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 05, 2023 when Scotiabank initiated the stock to “Sector Outperform” and issued a price target of $4. Oppenheimer resumed its price target at $12.
Bionano Genomics Inc (BNGO) stock is up 5.26% over the week and -7.89% over the past month. Its price is -44.44% year-to-date and -90.00% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2023, with the company’s earnings per share (EPS) of -$3.22 below consensus estimates by -$2.25. BNGO’s earnings per share are forecast to shrink by -43.70% this year and 71.40% over next year. Expected sales for next quarter are $8.49 million, which analysts say will come at $36.12 million for the current fiscal year and next year at $38.74 million. In addition, estimates put the company’s current quarterly revenue at an average of $10.72 million.
To reach the target analysts have set, the stock logically needs to grow 84.26 percent from here.
Outstanding shares total 54.69M with insiders holding 0.48% of the shares and institutional holders owning 11.37% of the company’s common stock. The company has a return on investment of -225.00% and return on equity of -134.56%. The beta has a value of 2.38. Price to book ratio is 0.50 and price to sales ratio is 1.59.
