Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Bionano Genomics Inc (NASDAQ: BNGO) was $0.23 for the day, down -0.72% from the previous closing price of $0.24. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 2.5 million shares were traded. BNGO stock price reached its highest trading level at $0.2388 during the session, while it also had its lowest trading level at $0.23.
Ratios:
Our analysis of BNGO’s different ratios will help us gain a deeper understanding of the company. 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 23835764 and an Enterprise Value of 30635666. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at 0.838 whereas that against EBITDA is -0.335.
Stock Price History:
Over the past 52 weeks, BNGO has reached a high of $2.27, while it has fallen to a 52-week low of $0.20. The 50-Day Moving Average of the stock is -24.53%, while the 200-Day Moving Average is calculated to be -64.99%.
Shares Statistics:
BNGO traded an average of 2.52M shares per day over the past three months and 2807150 shares per day over the past ten days. A total of 101.99M shares are outstanding, with a floating share count of 101.34M. Insiders hold about 0.64% of the company’s shares, while institutions hold 5.35% stake in the company. Shares short for BNGO as of 1730332800 were 9828723 with a Short Ratio of 4.81, compared to 1727654400 on 6068844. Therefore, it implies a Short% of Shares Outstanding of 9828723 and a Short% of Float of 10.26.
