Bionano Genomics Inc. (NASDAQ:BNGO)’s traded shares stood at 1.46 million during the latest session, with the company’s beta value hitting 2.33. At the last check today, the stock’s price was $1.18, to imply a decrease of -1.25% or -$0.02 in intraday trading. The BNGO share’s 52-week high remains $4.35, putting it -268.64% down since that peak but still an impressive 6.78% since price per share fell to its 52-week low of $1.10. The company has a valuation of $371.20M, with an average of 6.75 million shares in intraday trading volume over the past 10 days and average of 6.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for Bionano Genomics Inc. (BNGO), translating to a mean rating of 1.40. Of 5 analyst(s) looking at the stock, 0 analyst(s) give BNGO a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.11.
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Bionano Genomics Inc. (NASDAQ:BNGO) trade information
After registering a -1.25% downside in the latest session, Bionano Genomics Inc. (BNGO) has traded red over the past five days. The stock hit a weekly high of 1.2800 this Wednesday, 03/15/23, dropping -1.25% in its intraday price action. The 5-day price performance for the stock is -5.20%, and -24.52% over 30 days. With these gigs, the year-to-date price performance is -18.84%. Short interest in Bionano Genomics Inc. (NASDAQ:BNGO) saw shorts transact 53.22 million shares and set a 7.38 days time to cover.
Analysts on Wall Street suggest a consensus price target of $5.10, implying an increase of 76.86% to the stock’s recent value. The extremes give us $3.00 and $7.50 for target low and target high price respectively. As such, BNGO has been trading -535.59% off suggested target high and -154.24% from its likely low.
Bionano Genomics Inc. (BNGO) estimates and forecasts
Looking at statistics comparing Bionano Genomics Inc. share performance against respective industry, we note that the company has outperformed competitors. Bionano Genomics Inc. (BNGO) shares are -49.57% down over the last 6 months, with its year-to-date growth rate higher than industry average at 13.04% against 9.40%. Revenue is forecast to shrink -37.50% this quarter before jumping 9.10% for the next one. The rating firms project that company’s revenue will grow 53.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $8.06 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $9 million.Earnings reports from the last fiscal year show that sales brought in $6.3 million and $5.7 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 27.90% before jumping 58.00% in the following quarter.
Bionano Genomics Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Bionano Genomics Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Bionano Genomics Inc. (NASDAQ:BNGO)’s Major holders
Bionano Genomics Inc. insiders hold 1.87% of total outstanding shares, with institutional holders owning 27.58% of the shares at 28.10% float percentage. In total, 27.58% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 21.62 million shares (or 7.28% of shares), all amounting to roughly $39.56 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 15.74 million shares, or about 5.30% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $28.81 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Bionano Genomics Inc. (BNGO) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 8.9 million shares. This is just over 3.00% of the total shares, with a market valuation of $16.28 million. Data from the same date shows that the other fund manager holds a little less at 6.8 million, or 2.29% of the shares, all valued at about 9.93 million.