Spotting A Winner: Bionomics Ltd. ADR (NASDAQ: BNOX) Advances 22.57 And It Still Have Room To Run

Bionomics Ltd. ADR (NASDAQ:BNOX) currently has a daily average trading volume of 626.62K but it saw 15468501 shares traded in last market. With a market cap of 4.77M USD, the company’s current market price of $0.36 came rising about 22.57 while comparing to the previous closing price of $0.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.74 and as low as $0.23. In the recent trading on the day, stock has struck highest price mark of $0.295 while lowest mark touched by it was $0.38.

Taking a look at 20-day trading activity of Bionomics Ltd. ADR (BNOX) gives us an average price of $0.3182, while its current price level is -90.37% below from 52-week high level whereas it is 56.16% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5098 while that of 200 days or SMA-200 reads an average of $0.8191. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.75% during that period while stretching the period over a month that increases to 15.93%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.25 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which upgraded the stock as “Buy” in its note to investors issued on September 28, 2023, recommending a price target of $8 for it. H.C. Wainwright issued its recommendations for the stock as it initiated the price target for the stock is $54.

Over the week, BNOX’s stock price is moving 32.63% up while it is -43.73% when we observe its performance for the past one month. Year-to-date it is -75.67% down and over the past year, the stock is showing a downside performance of -89.50%.

Currently, Bionomics Ltd. ADR’s total number of outstanding shares is 13.25M. Company’s return on investment (ROI) stands at -85.96% and return on equity (ROE) at -59.91%. Stock’s beta reads -0.16. Stock has a price to book (P/B) ratio of 0.41. Its return on asset (ROA) is -42.49% on average.