$0.67 in average volume shows that Bionano Genomics Inc (BNGO) is heading in the right direction

Bionano Genomics Inc (NASDAQ: BNGO) kicked off on Friday, up 1.23% from the previous trading day, before settling in for the closing price of $9.00. Over the past 52 weeks, BNGO has traded in a range of $1.04-$17.10.

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Healthcare Sector giant saw their annual sales surged by 33.61% over the last five years. While this was happening, its average annual earnings per share was recorded -43.74%. With a float of $38.16 million, this company’s outstanding shares have now reached $38.84 million.

Bionano Genomics Inc (BNGO) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Medical Instruments & Supplies Industry. The insider ownership of Bionano Genomics Inc is 1.76%, while institutional ownership is 11.64%. The most recent insider transaction that took place on Jun 13, was worth 50,000. In this transaction Director of this company bought 65,789 shares at a rate of $0.76, taking the stock ownership to the 65,789 shares. Before that another transaction happened on May 16, when Company’s President and CEO bought 15,000 for $0.64, making the entire transaction worth $9,639. This insider now owns 806,474 shares in total.

Bionano Genomics Inc (BNGO) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$3.22 earnings per share (EPS), lower than consensus estimate (set at -$0.97) by -$2.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.76 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -43.74% per share during the next fiscal year.

Bionano Genomics Inc (NASDAQ: BNGO) Trading Performance Indicators

Take a look at Bionano Genomics Inc’s (BNGO) current performance indicators. Last quarter, stock had a quick ratio of 1.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.98, a number that is poised to hit -0.87 in the next quarter and is forecasted to reach -2.50 in one year’s time.

Technical Analysis of Bionano Genomics Inc (BNGO)

Analysing the last 5-days average volume posted by the [Bionano Genomics Inc, BNGO], we can find that recorded value of 1.49 million was lower than the volume posted last year of 1.82 million. As of the previous 9 days, the stock’s Stochastic %D was 50.26%. Additionally, its Average True Range was 0.11.

During the past 100 days, Bionano Genomics Inc’s (BNGO) raw stochastic average was set at 9.10%, which indicates a significant decrease from 52.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.96% in the past 14 days, which was lower than the 90.54% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.4914, while its 200-day Moving Average is $3.7001. Now, the first resistance to watch is $1.2567. This is followed by the second major resistance level at $1.2833. The third major resistance level sits at $1.3267. If the price goes on to break the first support level at $1.1867, it is likely to go to the next support level at $1.1433. Should the price break the second support level, the third support level stands at $1.1167.

Bionano Genomics Inc (NASDAQ: BNGO) Key Stats

The company with the Market Capitalisation of 47.77 million has total of 38,840K Shares Outstanding. Its annual sales at the moment are 27,800 K in contrast with the sum of -132,600 K annual income. Company’s last quarter sales were recorded 9,320 K and last quarter income was -112,570 K.