Market Recap: BioNexus Gene Lab Corp (BGLC)’s Positive Momentum, Closing at 0.50

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The closing price of BioNexus Gene Lab Corp (NASDAQ: BGLC) was $0.50 for the day, up 12.80% from the previous closing price of $0.44. In other words, the price has increased by $12.80 from its previous closing price. On the day, 3.94 million shares were traded. BGLC stock price reached its highest trading level at $0.678 during the session, while it also had its lowest trading level at $0.45.

Ratios:

Our analysis of BGLC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.98 and its Current Ratio is at 4.61. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BGLC now has a Market Capitalization of 86216248 and an Enterprise Value of 3097763. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 0.317 whereas that against EBITDA is -1.558.

Stock Price History:

Over the past 52 weeks, BGLC has reached a high of $17.88, while it has fallen to a 52-week low of $0.31. The 50-Day Moving Average of the stock is -17.60%, while the 200-Day Moving Average is calculated to be -28.43%.

Shares Statistics:

BGLC traded an average of 193.05K shares per day over the past three months and 460560 shares per day over the past ten days. A total of 17.67M shares are outstanding, with a floating share count of 7.96M. Insiders hold about 54.93% of the company’s shares, while institutions hold 0.57% stake in the company. Shares short for BGLC as of 1715731200 were 105863 with a Short Ratio of 0.55, compared to 1713139200 on 99740. Therefore, it implies a Short% of Shares Outstanding of 105863 and a Short% of Float of 0.62.

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