Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $0.21 in the prior trading day, Bionano Genomics Inc (NASDAQ: BNGO) closed at $0.19, down -5.89%. In other words, the price has decreased by -$5.89 from its previous closing price. On the day, 7.18 million shares were traded. BNGO stock price reached its highest trading level at $0.2095 during the session, while it also had its lowest trading level at $0.1854.
Ratios:
Our goal is to gain a better understanding of BNGO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.11.
On January 05, 2023, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $4.Scotiabank initiated its Sector Outperform rating on January 05, 2023, with a $4 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BNGO now has a Market Capitalization of 27041960 and an Enterprise Value of 30635666. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.838 whereas that against EBITDA is -0.335.
Stock Price History:
The Beta on a monthly basis for BNGO is 2.21, which has changed by -0.8560606 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, BNGO has reached a high of $1.40, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -19.74%, while the 200-Day Moving Average is calculated to be -64.73%.
Shares Statistics:
The stock has traded on average 7.43M shares per day over the past 3-months and 21352870 shares per day over the last 10 days, according to various share statistics. A total of 139.82M shares are outstanding, with a floating share count of 139.11M. Insiders hold about 0.51% of the company’s shares, while institutions hold 11.56% stake in the company. Shares short for BNGO as of 1730332800 were 9828723 with a Short Ratio of 2.38, compared to 1727654400 on 6068844. Therefore, it implies a Short% of Shares Outstanding of 9828723 and a Short% of Float of 10.26.
