Bionano Genomics Stock Price on September 30, 2023
| BNGO Stock | USD 0.26 0.02 8.33% |
Below is the normalized historical share price chart for Bionano Genomics extending back to September 21, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Bionano Genomics stands at 0.26, as last reported on the 29th of November, with the highest price reaching 0.26 and the lowest price hitting 0.24 during the day.
If you're considering investing in Bionano Stock, it is important to understand the factors that can impact its price. Bionano Genomics secures Sharpe Ratio (or Efficiency) of -0.17, which signifies that the company had a -0.17% return per unit of risk over the last 3 months. Bionano Genomics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bionano Genomics' Risk Adjusted Performance of (0.14), standard deviation of 5.21, and Mean Deviation of 4.08 to double-check the risk estimate we provide.
At this time, Bionano Genomics' Common Stock Total Equity is very stable compared to the past year. As of the 29th of November 2024, Common Stock Shares Outstanding is likely to grow to about 35.9 M, while Total Stockholder Equity is likely to drop about 89.9 M. . As of the 29th of November 2024, Price To Sales Ratio is likely to drop to 1.70. In addition to that, Price Earnings Ratio is likely to drop to -0.29. Bionano Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 21st of August 2018 | 200 Day MA 0.6966 | 50 Day MA 0.33 | Beta 2.376 |
Bionano |
Sharpe Ratio = -0.1703
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| Negative Returns | BNGO |
Estimated Market Risk
| 5.24 actual daily | 46 54% of assets are more volatile |
Expected Return
| -0.89 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.17 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Bionano Genomics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Bionano Genomics by adding Bionano Genomics to a well-diversified portfolio.
Price Book 0.4972 | Enterprise Value Ebitda (0.18) | Price Sales 0.6642 | Shares Float 81.3 M | Wall Street Target Price 1 |
Bionano Genomics Valuation on September 30, 2023
It is possible to determine the worth of Bionano Genomics on a given historical date. On September 30, 2023 Bionano was worth 2.95 at the beginning of the trading date compared to the closed value of 3.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Bionano Genomics stock. Still, in general, we apply an absolute valuation method to find Bionano Genomics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Bionano Genomics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Bionano Genomics' related companies.
| Open | High | Low | Close | Volume | |
| 2.95 | 2.95 | 2.85 | 2.90 | 198,782 | |
09/29/2023 | 2.95 | 3.08 | 2.94 | 3.03 | 372,945 |
| 3.01 | 3.03 | 2.89 | 2.93 | 400,566 |
| Backtest Bionano Genomics | | | Bionano Genomics History | | | Bionano Genomics Valuation | Previous | Next |
Bionano Genomics Trading Date Momentum on September 30, 2023
| On October 02 2023 Bionano Genomics was traded for 2.93 at the closing time. The top price for the day was 3.03 and the lowest listed price was 2.89 . The trading volume for the day was 400.6 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 3.30% . The overall trading delta against the current closing price is 11.22% . |
Bionano Genomics Fundamentals Correlations and Trends
By evaluating Bionano Genomics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Bionano Genomics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Bionano financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Bionano Genomics Stock history
Bionano Genomics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Bionano is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Bionano Genomics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Bionano Genomics stock prices may prove useful in developing a viable investing in Bionano Genomics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 34.1 M | 35.9 M | |
| Net Loss | -119.3 M | -113.4 M |
Bionano Genomics Stock Technical Analysis
Bionano Genomics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Bionano Genomics Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Bionano Genomics cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Bionano Genomics November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Bionano Genomics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bionano Genomics shares will generate the highest return on investment. By undertsting and applying Bionano Genomics stock market strength indicators, traders can identify Bionano Genomics entry and exit signals to maximize returns
Bionano Genomics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Bionano Genomics' price direction in advance. Along with the technical and fundamental analysis of Bionano Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Bionano to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (1.33) | |||
| Total Risk Alpha | (1.80) | |||
| Treynor Ratio | (0.37) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bionano Genomics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in Bionano Stock, please use our How to Invest in Bionano Genomics guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Is Life Sciences Tools & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bionano Genomics. If investors know Bionano will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bionano Genomics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.30) | Revenue Per Share 0.749 | Quarterly Revenue Growth (0.10) | Return On Assets (0.33) | Return On Equity (1.38) |
The market value of Bionano Genomics is measured differently than its book value, which is the value of Bionano that is recorded on the company's balance sheet. Investors also form their own opinion of Bionano Genomics' value that differs from its market value or its book value, called intrinsic value, which is Bionano Genomics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bionano Genomics' market value can be influenced by many factors that don't directly affect Bionano Genomics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bionano Genomics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Bionano Genomics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bionano Genomics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.