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The Chart for Bionano Genomics Inc. (BNGO) Is Flashing Mixed Signals

Bionano Genomics Inc. (NASDAQ:BNGO) went up by 4.92% from its latest closing price compared to the recent 1-year high of $4.35. The company’s stock price has collected 6.08% of gains in the last five trading sessions. The Wall Street Journal reported on 10/12/21 that Airbnb, Merck, High Tide, Square: What to Watch in the Stock Market Today

Is It Worth Investing in Bionano Genomics Inc. (NASDAQ :BNGO) Right Now?

Plus, the 36-month beta value for BNGO is at 2.26.

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BNGO currently public float of 291.64M and currently shorts hold a 17.76% ratio of that float. Today, the average trading volume of BNGO was 7.72M shares.

BNGO’s Market Performance

BNGO stocks went up by 6.08% for the week, with a monthly jump of 16.36% and a quarterly performance of -5.42%, while its annual performance rate touched -16.16%. The volatility ratio for the week stands at 8.94% while the volatility levels for the past 30 days are set at 7.70% for Bionano Genomics Inc. The simple moving average for the period of the last 20 days is 19.05% for BNGO stocks with a simple moving average of -2.97% for the last 200 days.

Analysts’ Opinion of BNGO

Many brokerage firms have already submitted their reports for BNGO stocks, with Scotiabank repeating the rating for BNGO by listing it as a “Sector Outperform.” The predicted price for BNGO in the upcoming period, according to Scotiabank is $4 based on the research report published on January 05th of the current year 2023.

BTIG Research, on the other hand, stated in their research note that they expect to see BNGO reach a price target of $3.50. The rating they have provided for BNGO stocks is “Buy” according to the report published on December 12th, 2022.

Oppenheimer gave a rating of “Outperform” to BNGO, setting the target price at $12 in the report published on July 18th of the previous year.

BNGO Trading at -1.94% from the 50-Day Moving Average

After a stumble in the market that brought BNGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.86% of loss for the given period.

Volatility was left at 7.70%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares surge +19.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.79% lower at present.

During the last 5 trading sessions, BNGO rose by +6.08%, which changed the moving average for the period of 200-days by -25.87% in comparison to the 20-day moving average, which settled at $1.6283. In addition, Bionano Genomics Inc. saw 31.51% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BNGO starting from Linney Yvonne, who sale 20,000 shares at the price of $3.62 back on Aug 15. After this action, Linney Yvonne now owns 0 shares of Bionano Genomics Inc., valued at $72,402 using the latest closing price.

BARKER DAVID L, the Director of Bionano Genomics Inc., purchase 10,000 shares at $1.60 during a trade that took place back on May 16, which means that BARKER DAVID L is holding 13,894 shares at $16,000 based on the most recent closing price.

Stock Fundamentals for BNGO

Current profitability levels for the company are sitting at:

  • -428.79 for the present operating margin
  • +4.47 for the gross margin

The net margin for Bionano Genomics Inc. stands at -402.84. Equity return is now at value -38.50, with -34.10 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 12.47.

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