Bionano Genomics, Inc. (BNGO) Stock: Is This Biotech Stock Worth Your Attention?

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Bionano Genomics, Inc. (BNGO) is headed up in the market today. The stock, one that is focused in the biotechnology industry, is presently trading at $1.16 after a move up of 7.41% so far today. As it relates to biotechnology stocks, there are quite a few aspects that have the ability to lead to movement in the market. One of the most common is news. Here are the recent stories surrounding BNGO:

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Oct-21-19 09:27AM Bionano Genomics Announces Pricing of $18 Million Underwritten Public Offering
Oct-16-19 08:00AM Bionano Genomics Announces Adoption of Its Saphyr® System by Clinical Cytogenetics Groups in Academia and Industry to Replace Traditional Methods for Clinical Testing
12:12AM Top Researchers to Present Discoveries Made Possible by Bionanos Saphyr System for Genome Imaging Technology at the ASHG 2019 Annual Meeting
Sep-20-19 06:56AM What Kind Of Shareholder Owns Most Bionano Genomics, Inc. (NASDAQ:BNGO) Stock?
Sep-09-19 08:00AM Bionano Genomics to Present at the H.C. Wainwright 21st Annual Global Investment Conference

However, when making an investing decision, prospective investors should take a look at much more than just news, this is especially the case in the generally speculative biotech industry. Here’s what’s going on with Bionano Genomics, Inc..

Recent Moves From BNGO

Although a single session gain, like the move that we’re seeing from Bionano Genomics, Inc. might lead to excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It’s always important to look at trends for a period longer than a single trading day. In the case of BNGO, below are the movements that we’ve seen:

  • Past 5 Sessions – Throughout the last seven days, BNGO has produced a change in value in the amount of 110.68%.
  • Monthly – The monthly ROI from Bionano Genomics, Inc. has been 61.11%.
  • Past 3 Months – Throughout the past three months, the stock has produced a return that comes to -58.57%
  • Past Six Months – Throughout the previous 6 months, we have seen a change of -72.18% from the stock.
  • Year To Date – Since the open of this year BNGO has produced a return on investment of -77.86%.
  • Full Year – Finally, throughout the last year, we’ve seen movement that works out to -83.04% from BNGO. Throughout this period of time, the stock has sold at a high price of -85.50% and a low price of 132.00%.

Important Ratios

Digging into various ratios having to do with a stock can give traders a look of just how risky and/or rewarding a an investment option might be. Below are a few of the most important ratios to consider when digging into 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 going to fall. Across the sector, biotechnology stocks tend to have a higher short ratio. However, we also tend to see quite a few short squeezes in the space. Nonetheless, as it relates to Bionano Genomics, Inc., it’s short ratio clocks in at 0.07.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due with only quick assets or current assets. Because many biotech several companies are reliant on the continuation of investor support, the quick and current ratios can be bad. However, several better companies in the biotech sector do have great current and quick ratios. When it comes to BNGO, the quick and current ratios work out to 2.80 and 3.20 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. In this particular case, that ratio equates to -0.12.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of the company’s stock. Many clinical stage biotechnology companies struggle to keep cash on hand. So, if you’re interested in a biotech stock, this is a very important ratio to look into. In this case, the cash to share value comes to 1.94.

Analyst Opinions Of Bionano Genomics, Inc.

While it’s not a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to consider their thoughts to validate your own due diligence when it comes to making an investment decision in the biotech space. Below you’ll find the recent moves that we have seen from analysts as it relates to BNGO.

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Show Me The Big Money

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 0 over the past three months. When it comes to insiders, those who are close to the company currently own 16.20% percent of BNGO shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Many Shares Of BNGO Are Available?

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 7.89M 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 5.33M.

I also find it important to pay attention to the short percent. Think about it, when a high percentage of the float is sold short, the overall feeling among traders is that the company is going to fall hard. With regard to BNGO, the percentage of the float that is currently being sold short is 3.15%. Most investors would say that a high short percent of the float is any percentage over 40%. Nonetheless, I’ve seen that any short percent of the float over 26% is probably going to be a play that comes with hefty risk.

Earnings

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

  • Analyst Expectations – At the moment, analysts expect that the company will report EPS that comes to -1.26, with -0.46 being announced in the earnings announcement for the current quarter. Although this is not based on earnings, because we are talking on the topic of Wall Street analysts, BNGO is presently graded as a 0 when rated on a scale from 1 to 5 where 1 is the poorest analyst rating and 5 is the best rating.
  • 5-Year Sales – Over the past half decade, Bionano Genomics, Inc. has created a change in sales that adds up to 0. Earnings per diluted share in the past 5 years have experienced a change of 0.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is often represented in today’s society, BNGO has experienced a change in earnings that comes to a total of -102.30%. Bionano Genomics, Inc. has also seen a change in regard to revenue in the amount of -35.30%.

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