Bionano Genomics stock hits 52-week low at 0.2 By Investing.com - Investing.com Australia
BNGO Stock | USD 0.26 0.02 8.33% |
About 70 percent of all Bionano Genomics' investors are curious in acquiring. The analysis of overall sentiment of trading Bionano Genomics stock suggests that quite a few investors are confidant at this time. Bionano Genomics' investing sentiment overview a quick insight into current market opportunities from investing in Bionano Genomics. Many technical investors use Bionano Genomics stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Bionano |
Bionano Genomics stock hits 52-week low at 0.2 By Investing.com Investing.com Australia
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Bionano Genomics Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Bionano Genomics can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Bionano Genomics Fundamental Analysis
We analyze Bionano Genomics' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bionano Genomics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bionano Genomics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Bionano Genomics is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Bionano Genomics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bionano Genomics stock to make a market-neutral strategy. Peer analysis of Bionano Genomics could also be used in its relative valuation, which is a method of valuing Bionano Genomics by comparing valuation metrics with similar companies.
Peers
Bionano Genomics Related Equities
STXS | Stereotaxis | 7.17 | ||||
POAI | Predictive Oncology | 3.85 | ||||
STAA | STAAR Surgical | 3.26 | ||||
LUCY | Innovative Eyewear | 2.46 | ||||
WST | West Pharmaceutical | 0.73 | ||||
ISRG | Intuitive Surgical | 0.64 | ||||
BDX | Becton Dickinson | 0.04 | ||||
RMD | ResMed | 0.12 | ||||
NVST | Envista Holdings | 0.18 | ||||
MHUA | Meihua International | 1.85 | ||||
MBOT | Microbot Medical | 2.02 | ||||
GCTK | GlucoTrack | 4.00 | ||||
NXGL | Nexgel | 4.22 | ||||
STSS | Sharps Technology | 5.29 |
Check out Bionano Genomics Hype Analysis, Bionano Genomics Correlation and Bionano Genomics Performance. To learn how to invest in Bionano Stock, please use our How to Invest in Bionano Genomics guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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.