Bionomics Ltd. ADR (NASDAQ: BNOX): To Buy Or Not To Buy, That Is The Question

Bionomics Ltd. ADR (BNOX) concluded trading on Thursday at a closing price of $0.83, with 20.59 million shares of worth about $17.09 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.42% during that period and on July 18, 2024 the price saw a loss of about -1.12%. Currently the company’s common shares owned by public are about 8.16M shares, out of which, 8.15M shares are available for trading.

Stock saw a price change of 25.62% in past 5 days and over the past one month there was a price change of 4.69%. Year-to-date (YTD), BNOX shares are showing a performance of -43.92% which decreased to -68.62% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.65 but also hit the highest price of $6.41 during that period. The average intraday trading volume for Bionomics Ltd. ADR shares is 180.14K. The stock is currently trading 12.83% above its 20-day simple moving average (SMA20), while that difference is up 0.39% for SMA50 and it goes to -41.82% lower than SMA200.

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Bionomics Ltd. ADR (NASDAQ: BNOX) currently have 8.16M outstanding shares and institutions hold larger chunk of about 11.07% of that.

The stock has a current market capitalization of $8.87M and its 3Y-monthly beta is at -0.08. It has posted earnings per share of -$2.35 in the same period. It has Quick Ratio of 4.87 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BNOX, volatility over the week remained 15.17% while standing at 10.85% over the month.

Stock’s fiscal year EPS is expected to rise by 18.53% while it is estimated to increase by 27.94% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on September 28, 2023 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Maxim Group stated Bionomics Ltd. ADR (BNOX) stock as a Buy in their note to investors on September 28, 2023, suggesting a price target of $10 for the stock. On January 10, 2022, H.C. Wainwright Initiated their recommendations, while on January 10, 2022, Evercore ISI Initiated their ratings for the stock with a price target of $17. Stock get an Overweight rating from Cantor Fitzgerald on January 10, 2022.

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