Bionano Genomics, Inc. (BNGO) Stock: Here’s What’s Happening

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Bionano Genomics, Inc. (BNGO) is trending down in the market in today’s trading session. The stock, focused in the biotechnology industry, is currently trading at $4.43 after heading down -6.05% so far in today’s session. When it comes to biotech companies, there are quite a few aspects that have the potential to cause declines in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines surrounding BNGO:

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Mar-18-19 08:00AM Bionano Genomics to Present at the 31st Annual ROTH Conference
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

However, when making a decision with regard to investing, investors should look at much more than just news, this is especially the case in the speculative biotechnology industry. Here’s what’s happing when it comes to Bionano Genomics, Inc..

Trends That We’ve Seen From BNGO

While a decline in a single session, like the fall that we’re seeing from Bionano Genomics, Inc. may make some investors fearful, that by itself should not be the reason for a decision to, or not to, invest in a company. It is generally smart to dig into trends experienced by the stock beyond a single session. When it comes to BNGO, below are the returns that investors have experienced:

  • Past 5 Trading Sessions – In the past five trading sessions, BNGO has generated a price change amounting to 5.36%.
  • Past 30 Days – The return on investment from Bionano Genomics, Inc. over the last month comes to 4.12%.
  • Past 3 Months – In the last 3 months, the company has generated a return of -31.82%
  • Bi-Annually – Over the last 6 months, we’ve seen a performance that works out to 0 from the stock.
  • This Year So Far – Since the the last trading session of last year BNGO has resulted in a ROI of -15.55%.
  • Full Year – Finally, in the past full year, we have seen movement amounting to 0 from BNGO. Over this period of time, the stock has sold at a high price of -55.75% and a low of 26.43%.

Key Ratios

Looking at a few ratios having to do with a stock can give prospective investors an understanding of how dangerous and/or rewarding a pick might be. Below are some of the most important ratios to look at when digging into BNGO.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the value of the stock is going to go down. Across the sector, biotech stocks can come with a higher short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, when it comes to Bionano Genomics, Inc., it’s short ratio is 1.37.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure If a company is able to pay for its debts as they mature based on quick assets or current assets. In the biotech space, companies are heavily reliant on the continuation of support from investors, the quick and current ratios can be upsetting. Nonetheless, quite a few gems in the biotech space come with good quick and current ratios. As far as BNGO, the quick and current ratios work out to 4.90 and 5.10 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. In this case, the book to share value ratio equates to 1.52.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the value of the company’s stock. Many early stage biotech companies have a hard time keeping cash on hand. So, if you’re considering an investment in a biotech stock, this is an important ratio to consider. In this case, the cash to share value works out to 1.96.

Analyst Opinions With Regard To Bionano Genomics, Inc.

Although it’s rarely a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to consider their opinions when validating your own due diligence when it comes to making investment decisions in the biotech space. Here are the recent moves that we’ve seen from analysts as it relates to BNGO.

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What Are Big Money Players Doing With 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 own 21.60% of the company. Institutional interest has moved by -76.90% over the past three months. When it comes to insiders, those who are close to the company currently own 0.10% percent of BNGO shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What’s Going On With Share Counts?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 8.42M shares of Bionano Genomics, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, BNGO has a float of 8.42M.

It’s also important to follow the short float. After all, if a high percentage of the float available for trading is shorted, the overall opinion among traders is that the equity is going to fall hard. When it comes to BNGO, the percentage of the float that is shorted is 0.30%. In general, concerning short percent of the float is any percentage over 40%. Through my work, I’ve seen that a short percent of the float over 26% is usually a play that comes with hefty risk.

Financial Performance

What have ween seen from BNGO in terms of financial results?Here’s the data:

  • Analyst Expectations – As it stands, Wall Street analysts expect that the company will report EPS in the amount of -0.81, with -0.56 to be reported in the report for the current quarter. Although this data isn’t based on earnings, because we’re chatting about analysts, Bionano Genomics, Inc. is presently rated a 0 when rated on a scale from 1 to 5 on which 1 is the poorest Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, Bionano Genomics, Inc. has created a change in revenue in the amount of 0. Earnings per diluted share over the period have experienced a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is generally referred to as in the human world, BNGO has seen a change in earnings that amounts to 0. BNGO has also seen movement in terms of sales that adds up to 42.90%.

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