Bionano Genomics, Inc. (BNGO) Stock: Here’s Why It’s Headed For The Bottom

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Bionano Genomics, Inc. (BNGO) is working its way for to the bottom in the market in today’s trading session. The company, focused on the biotech industry, is presently priced at $0.75 after a move down of -8.58% so far in today’s session. In terms of biotechnology stocks, there are quite a few factors that have the ability to generate movement in the market. One of the most common is news. Here are the most recent headlines centered around BNGO:

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Oct-24-19 08:00AM Takeaways from ASHG 2019 in Houston: Users of Bionanos Saphyr System Presented Validation Results for FSHD, Repeat Expansion Disorders and Digital Cytogenetics Among a Growing List of Applications of Saphyr in Human Genetics and Cancer Research
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?

However, when making a decision to invest, investors should take a look at much more than just news, especially in the speculative biotech sector. Here’s what’s happening in regard to Bionano Genomics, Inc..

Returns That BNGO Investors Have Seen

Although a single session decline, like what we’re seeing from Bionano Genomics, Inc. might cause fear in some investors, a single session decline alone shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally important to look at trends just a single trading day. As it relates to BNGO, here are the returns on investment that investors have seen:

  • Past 5 Sessions – Throughout the last seven days, BNGO has produced a price change in the amount of -35.78%.
  • Past Month – The monthly performance from Bionano Genomics, Inc. works out to 3.49%.
  • Past 3 Months – In the past three months, the company has generated a ROI that comes to -71.46%
  • Past 6 Months – In the past 6 months, investors have seen a change that amounts to -81.92% from the stock.
  • Year To Date – Since the close of last year BNGO has produced a return on investment of -85.78%.
  • Annually – Finally, over the past year, investors have seen performance that comes to -89.27% from BNGO. Over this period of time, the stock has sold at a high price of -90.69% and a low price of 49.00%.

Rations That Traders Should Consider

Digging into a few ratios having to do with a company can provide traders a look of just how dangerous and/or rewarding a pick may be. Here are a few of the most important ratios to think about when looking at 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 stock is headed for declines. Throughout the sector, biotechnology stocks tend to have a higher short ratio. However, we tend to see a lot of short squeezes in the sector. Nonetheless, as it relates to Bionano Genomics, Inc., the stock’s short ratio comes to 0.07.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Essentially, they measure If a company is able to pay its debts when they come due using quick assets or current assets. Because many biotech companies rely heavily on the continuation of investor support, these ratios can seem damning. Nonetheless, several better companies in the biotechnology industry come with strong current and quick ratios. As it relates 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 the price of shares to the current book value of assets that are owned by the company. In this case, that ratio equates to -0.12.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the value of shares. Many early stage biotech companies struggle to keep cash on hand. So, if you’re considering an investment in a biotechnology stock, this is an important ratio to think about. In this case, the cash to share value works out to 0.73.

What Analysts Think About Bionano Genomics, Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a good idea to use their thoughts when validating your own due diligence when it comes to making an investment decision in the biotech sector. Below are the recent moves that we have seen from analysts with regard to BNGO.

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Moves From Big Money Players

One thing that I’ve learned so far in my brief time as an intelligence is that smart money tends to follow big money investors. That is to say, investors that are trying to play it relatively safe will keep their eyes on moves made by institutional investors and insiders of the company. With that said, where is the big money in regard to BNGO? Here’s the scoop:

  • Institutions – At the moment, institutional investors own 11.30% of BNGO. Nonetheless, it is important to mention that the ownership held by institutions has changed in the amount of 0 throughout the past quarter.
  • Insiders – as it relates to insiders, those close to the situation currently hold 16.20% of Bionano Genomics, Inc.. Insider ownership of the company has seen a change of 0 in the last 3 months.

What’s The Float Looking Like?

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 20.96M 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 16.00M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to BNGO, the short percent of the float is 1.28%.

What We’ve Seen In earnings results

What have ween seen from BNGO in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – As it stands at the moment, analysts have expectations that the company will generate earnings per diluted share in the amount of -1.26, with -0.46 being reported in the earnings announcement for the current quarter. Although this is not earnings driven, because we are chatting on the topic of Wall St. analysts, the stock is currently graded as a 0 on a scale from 1 to 5 on which 1 is the poorest possible Wall St. analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last half decade, Bionano Genomics, Inc. has announced a change in sales volume that comes to a total of 0. EPS over the last half decade have seen movement in the amount of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is often explained in the human world, BNGO has experienced a change in earnings in the amount of -102.30%. Bionano Genomics, Inc. has also moved the needle in regard to revenue in the amount of -35.30%.

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