Bionano Genomics, Inc. (BNGO) Stock: Seeing Gains In Today’s Session

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Bionano Genomics, Inc. (BNGO) is trending up in the market today. The company, one that is focused in the biotechnology industry, is currently trading at $4.81 after a move up of 14.52% so far today. In terms of biotechnology companies, there are a number of aspects that have the potential to generate price movement in the market. One of the most common is news. Here are the recent headlines relating to BNGO:

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Mar-14-19 05:18PM Bionano Genomics Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2018
05:18PM Bionano Genomics Enters Into Debt and Equity Financing Agreements Totaling $41.5 Million in Commitments
Mar-11-19 09:17PM Bionano Genomics to Report Fourth Quarter and Fiscal Year 2018 Financial Results and Host a Conference Call and Webcast on March 14, 2019
Mar-06-19 04:01PM Bionano Genomics to Present at the Cowen and Company 39th Annual Health Care Conference
Mar-05-19 08:00AM The Largest Study Conducted with Bionanos Platform to Date Reveals Never-Before-Seen Human Genomic Structural Variations

However, any time investors are making an investing decision, prospective investors should look at much more than just news, especially in the speculative biotechnology industry. Here’s what’s happening with Bionano Genomics, Inc..

What We’ve Seen From BNGO

While a move up on a single session, like the gain that we’re seeing from Bionano Genomics, Inc. may lead to excitement in some investors, that by itself shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s always smart to take a look at trends experienced by the stock further out than a single trading session. As it relates to BNGO, below are the trends that investors have experienced:

  • Past 5 Sessions – In the past week, BNGO has generated a change in value that amounts to -4.11%.
  • Past Month – The performance from Bionano Genomics, Inc. over the last month has been -0.24%.
  • Past Quarter – In the last quarter, the stock has produced a return on investment that works out to -39.91%
  • Bi-Annually – Throughout the last 6 months, we have seen a performance that amounts to 0 from the stock.
  • Year To Date – Since the open of this year BNGO has produced a ROI of -19.85%.
  • Full Year – Lastly, in the past full year, investors have seen performance that comes to 0 from BNGO. Over this period, the stock has sold at a high of -51.90% and a low of 37.43%.

Ratios To Watch

Digging into a few key ratios having to do with a stock can give investors a look of just how dangerous and/or rewarding a pick might be. Here are some of the important ratios to look at when looking at BNGO.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. In general, biotechnology stocks tend to carry a higher short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Bionano Genomics, Inc., it’s short ratio amounts to 1.59.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure the company’s abilities to pay for its debts when they mature using quick assets or current assets. Because many biotech several companies rely on the continuation of investor support, the quick and current ratios can be upsetting. However, some good picks in the biotechnology sector do have positive quick and current ratios. When it comes to BNGO, the quick and current ratios add up to 4.70 and 5.20 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this particular case, that ratio equates to 1.02.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. Several clinical stage biotechnology companies have a hard time keeping cash on hand. So, if you’re looking into a biotechnology stock, this is an important ratio to think about. As it relates to BNGO, the cash to share value is 2.07.

How Analysts Feel About Bionano Genomics, Inc.

Although it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to consider their opinions when validating your own when it comes to making investment decisions in the biotech sector. Below are|Here are} the most recent moves that we’ve seen from analysts as it relates to BNGO.

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Is Big Money Interested In Bionano Genomics, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in BNGO, here’s what we’re seeing:

  • Institutions – Currently, institutions own 21.60% of BNGO. On the other hand, it is important to mention that the ownership held by institutions has seen a move in the amount of -73.71% over the last quarter.
  • Insider Holdings – with regard to insiders, those close to the situation currently hold 0.10% of the company. Insider ownership of the company has changed in the amount of 0 over the last 3 months.

Looking At Share Counts

Investors seem to have a heavy interest in the counts of shares both available and outstanding. As far as Bionano Genomics, Inc., there are currently 10.00M with a float of 8.47M. These data mean that of the total of 10.00M shares of BNGO that are out there today, 8.47M are available to trade hands by the public.

I also find it important to look at the short percentage of the float. After all, if a large percentage of the float is sold short, the overall opinion among traders is that the equity is headed for a dive. In regard to BNGO, the percentage of the float that is shorted is 0.31%. Most traders believe that a high short percent of the float would be any percentage over 40%. Through my work, I have found that anything over 26% is generally a a play that could prove to be very risky.

Financial Performance

What have ween seen from BNGO in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, analysts expect that the company will create earnings per diluted share that totals up to be -1.31, with -0.46 being reported in the report for the current quarter. Although this data isn’t based on earnings, since we’re chatting about Wall St. analysts, BNGO is currently rated a 0 on a scale from 1 to 5 on which 1 is the worst average analyst rating and 5 is the best possible.
  • 5-Year Sales – Over the last half decade, Bionano Genomics, Inc. has reported a change in revenue that works out to 0. EPS over the past half decade have seen a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is commonly represented in today’s society, BNGO has created a change in earnings that amounts to 3.10%. The company has also moved the needle when it comes to revenue that comes to a total of 3.70%.

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