Look For Institutional Buying In Bionano Genomics Inc (NASDAQ: BNGO)

Bionano Genomics Inc (BNGO) concluded trading on Wednesday at a closing price of $0.34, with 5.54 million shares of worth about $1.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -64.64% during that period and on October 30, 2024 the price saw a gain of about 8.24%. Currently the company’s common shares owned by public are about 86.00M shares, out of which, 85.45M shares are available for trading.

Stock saw a price change of 14.96% in past 5 days and over the past one month there was a price change of -20.22%. Year-to-date (YTD), BNGO shares are showing a performance of -82.07% which decreased to -74.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.28 but also hit the highest price of $2.27 during that period. The average intraday trading volume for Bionano Genomics Inc shares is 1.88 million. The stock is currently trading -4.16% below its 20-day simple moving average (SMA20), while that difference is down -18.20% for SMA50 and it goes to -57.21% lower than SMA200.

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Bionano Genomics Inc (NASDAQ: BNGO) currently have 86.00M outstanding shares and institutions hold larger chunk of about 11.56% of that.

The stock has a current market capitalization of $29.15M and its 3Y-monthly beta is at 2.32. It has posted earnings per share of -$5.01 in the same period. It has Quick Ratio of 1.11 while making debt-to-equity ratio of 0.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BNGO, volatility over the week remained 11.35% while standing at 9.50% over the month.

Stock’s fiscal year EPS is expected to rise by 83.44% while it is estimated to increase by 57.13% in next year.

Coverage by Scotiabank stated Bionano Genomics Inc (BNGO) stock as a Sector outperform in their note to investors on January 05, 2023, suggesting a price target of $4 for the stock. On December 12, 2022, BTIG Research Resumed their recommendations, while on July 18, 2022, Oppenheimer Resumed their ratings for the stock with a price target of $12. Stock get a Buy rating from BTIG Research on June 16, 2021.

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