Bionano Genomics Inc (NASDAQ:BNGO) traded at $0.87 at close of the session on Monday, April 29, made an upward move of 10.04% on its previous day’s price.
Looking at the stock we see that its previous close was $0.79. In terms of its 52-week price range, BNGO has a high of $8.20 and a low of $0.71. The company’s stock has lost about -22.07% over that past 30 days.
Bionano Genomics Inc has a market cap of $52.96 million. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at -$6.61 for 2023 and -$1.89 for next year. These figures represent -43.70% and 71.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $10.72 million, with a low of $10.1 million and a high of $11.11 million. The median projection represents growth squeezing down to 30.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $36.12 million, or 29.90% up from figures reported last year.
On the other hand, looking at the outlook for the BNGO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.90% off its SMA20 and -17.29% from its 50-day simple moving average. The RSI (14) is pointing at 43.95 while the volatility over the past week is 7.18% and jumps to 9.32% over the past one month. The beta value is 2.43, while the average true range (ATR) is currently pointing at 0.08.
Coming back to Bionano Genomics Inc (NASDAQ:BNGO), we note that the average 3-month trading volume was 1.53 million. Current shares outstanding are 61.23 million.
The insiders hold 1.07% of the company’s shares while institutions hold 10.16%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -54.23% down in year-to-date price movement.
