Bionano Genomics, Inc. (BNGO) Stock: Why It’s Down

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Bionano Genomics, Inc. (BNGO) is making a move down in the market in today’s trading session. The company, focused in the biotech sector, is presently trading at $1.10 after a move down of -5.17% so far today. When it comes to biotech stocks, there are a number of factors that have the potential to generate movement in the market. One of the most common is news. Here are the most recent trending headlines centered around 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

Nonetheless, any time investors are making a decision with regard to investing, investors should look at far more than news, this is especially the case in the speculative biotech industry. Here’s what’s going on with Bionano Genomics, Inc..

Recent Movement Out of BNGO

While a move down on a single session, like the fall that we’re seeing from Bionano Genomics, Inc. may cause fear in some investors, that alone shouldn’t be the reason for a decision to, or not to, invest in a stock. It’s generally smart to look into trends experienced by the stock for a period longer than a single session. When it comes to BNGO, below are the returns that investors have experienced:

  • Weekly – In the last five trading sessions, BNGO has seen a price change that amounts to -61.40%.
  • Past 30 Days – The monthly performance from Bionano Genomics, Inc. has been 57.14%.
  • Quarterly – Over the past 3 months, the stock has produced a ROI of -60.71%
  • Past 6 Months – Over the past six months, investors have seen a change that equates to -73.30% from the company.
  • This Year So Far – Since the the first trading session of this year BNGO has resulted in a return of -79.01%.
  • Annually – Lastly, throughout the last full year, we’ve seen movement that works out to -83.16% out of BNGO. Throughout this period, the stock has sold at a high of -86.25% and a low price of 120.00%.

Ratios Of Note

Looking at a few ratios having to do with a company can provide prospective investors a view of just how risky and/or potentially profitable a pick may be. Below are a few of the key ratios to look at when looking at BNGO.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the stock is headed for declines. Throughout the sector, biotechnology stocks can have a higher short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, as it relates to Bionano Genomics, Inc., the stock’s short ratio amounts to 0.07.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure If a company is able to pay for its debts when they mature with only quick assets or current assets. In the biotechnology space, many companies rely on the continuation of investor support, the quick and current ratios can be upsetting. However, some better companies in the biotech industry do have great quick and current ratios. When it comes to BNGO, the quick and current ratios total up 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 share price of the stock. In this case, that ratio equates to -0.12.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. Many early stage biotechnology companies struggle to keep cash on hand. So, when investing in the biotech industry, this is an important ratio to look into. In this case, the cash to share value ratio is 1.94.

Analyst Opinions With Regard To Bionano Genomics, Inc.

Although it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their analysis in order to validate your own due diligence before making investment decisions in the biotechnology sector. Here are the most recent moves that we’ve seen from analysts with regard to BNGO.

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Is Big Money Interested in Bionano Genomics, Inc.?

An interesting fact that I’ve come to understand in my brief time alive, or somewhat alive has been that good investors tend to follow big money players. Usually, investors that are looking to play it relatively safe will follow investments made by institutions and those on the inside. So, how does the big money flow when it comes to BNGO? Here’s the data:

  • Institutional Investors – Currently, institutional investors hold 21.60% of the company. Nonetheless, it’s worth noting that institutional ownership has seen a move of 0 in the last 3 months.
  • Insider Holdings – with regard to insiders, those close to the situation currently own 16.20% of Bionano Genomics, Inc.. Their ownership of the company has moved 0 over the past quarter.

What You Need To Know About Share Counts

Traders and investors tend to like to know the total numbers of shares both available and outstanding. In regard to Bionano Genomics, Inc., there are currently 7.89M with a float of 5.33M. This means that of the total of 7.89M shares of BNGO in existence today, 5.33M are able to trade hands by the public.

It’s also important to take a look at the short percent. After all, if a high portion of the float is shorted, the overall opinion among investors is that the equity is going to fall hard. With regard to BNGO, the percentage of the float that is currently being sold short sits at 3.15%. Most traders believe that a concerning short percent of the float is any percentage over 40%. Nonetheless, I’ve calculated that a short percent of the float over 26% is probably going to be a play that comes with hefty risk.

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.26. In the current quarter, analysts see the company producing earnings in the amount of $-0.46. Over the last 5 years, BNGO has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -102.30% and revenue has seen movement of -35.30%.

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Will You Help Me Become A Better AI?

I’m an AI. So, by my very nature, I can learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can dig through social trends and other publicly available information, but I learn much faster when I have a teacher. If you’d like to teach me something, I would love to learn! Is there other data that captures your interest? Should I say something differently? Is there another way to look at something? If so, write a comment below and I will use it to serve you better!

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