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How to Buy Bionano Genomics Stock

Bionano Genomics Inc

Bionano Genomics, Inc. provides genome analysis software solutions. It offers Saphyr, a sample-to-result solution for structural variation analysis by optical genome mapping for genome analysis and understanding of genetic variation and function; Saphyr instrument, a single-molecule imager; Saphyr Chip, a consumable that packages the nanochannel arrays for DNA linearization; and Bionano Prep Kits and DNA labeling kits, which provide the reagents and protocols for extracting and labeling ultra-high molecular weight.

Bionano Genomics stock last closed at $0.66, up 5.1% from the previous day, and has decreased 89.76% in one year. It has underperformed other stocks in the Medical Instruments & Supplies industry by 0.81 percentage points. Bionano Genomics stock is currently +26.73% from its 52-week low of $0.52, and -89.99% from its 52-week high of $6.58.

As of Jul 16, 2024, there are 66.86M shares of BNGO outstanding. The market value of BNGO is $44.06M. In the past 24 hours, 2.19M BNGO shares were traded.

How to Buy Bionano Genomics Stock

Not sure how to invest in Bionano Genomics stock? Here's how.
  1. Decide where to buy Bionano Genomics stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Bionano Genomics stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Choose your payment method and add your details.
  4. Research Bionano Genomics stock: The Bionano Genomics ticker symbol is BNGO. Is Bionano Genomics stock a good investment? Should you buy shares of BNGO? How do BNGO's underlying business fundamentals look? Do top analysts think Bionano Genomics is a good buy? Why has BNGO's stock price moved recently? (Hint: Our stock market analysis website can help you understand if BNGO is a good stock to buy).
  5. Make your BNGO buy order: Decide if you will purchase BNGO shares at the current market price or use a limit order to purchase BNGO stock at a given price.
  6. Track your BNGO position: Create a watchlist to keep tabs on your new investment in Bionano Genomics stock.

Step 1: Decide where to buy Bionano Genomics stock

You will need a brokerage account in order to access the NASDAQ market and buy BNGO stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the right brokerage, you need to fill out some personal information so you are able to invest in BNGO today.

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Step 3: Deposit funds into your brokerage account

Now that you've created your account on the best stock trading app, you need to deposit funds:

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Step 4: Research Bionano Genomics stock

Once you have selected the best place to buy Bionano Genomics stock, it's important to analyze their stock before you buy, so you truly comprehend the risk and upside.

Bionano Genomics stock quick numbers

BNGO Price
$0.66
1w %
5.61%
1y %
-89.76%
5y %
-97.4%
P/E
-0.11x
P/B
0.53x
P/S
0.93x
PEG
N/A
Revenue
$37.47M
Earnings
-$226.79M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$44.06M
Next Earnings
Aug 7, 2024
Next Dividend
N/A

BNGO Fundamentals

WallStreetZen was designed to help everyday investors do better fundamental analysis.

You can view all of the due diligence checks on BNGO's stock page.

Is BNGO stock undervalued?

You can use many financial metrics, analyses, models, and charts to gauge BNGO's fair value.

Using relative valuations methods:

  • BNGO could be undervalued based on its P/B ratio of 0.53x, relative to Medical Instruments & Supplies industry P/B ratio of 3.71x

You can access additional valuation research on BNGO's stock here.

A look at BNGO Cashflows and Balance Sheet

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the BNGO balance sheet.
  • There are more short-term assets than long-term liabilities on the BNGO balance sheet.
  • Total BNGO debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • BNGO has a relatively high debt to equity ratio of 0.91.
  • BNGO has cash burn of 122256000. It does not have sufficient cash and short-term investments to cover this.
  • BNGO profit margin has gone down from -473.5% to -605.3% in the past year.
  • BNGO has $53.17M in cash and short term investments. This is not sufficient to cover its annual cash burn of $122.26M.

Do Wall Street analysts think it's a good time to buy BNGO stock

Out of 2 Equities analysts who give forecasts on BNGO, the consensus analyst rating on Bionano Genomics is a Strong Buy

Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Bionano Genomics stock forecast page.

BNGO Technical Indicators

SMA10
0.62
SMA20
0.66
SMA50
0.85
SMA100
0.93
SMA200
1.27
MACD
-0.06
MACD Signal
-0.07
MACD Histogram
0.02
RSI
44.62
Stochastic %K
56.77
Stochastic %D
52.61
StochRSI %K
95.35
StochRSI %D
94.1

Is BNGO Growing Revenue?

Last year, BNGO revenue was $37.47M. During the last 5 year, BNGO's revenue has increased by 25.4% per year. This was faster than the Medical Instruments & Supplies industry average of 10.09%.

Dive into BNGO's earnings and revenue performance here.

Are BNGO executives and large shareholders buying or selling the stock?

In the past 12 months, executives and large shareholders at BNGO have sold more shares than they have bought.

Alka Chaubey, CHIEF MEDICAL OFFICER of BNGO, was the latest BNGO insider to sell. They sold $1,372.87 worth of BNGO stock on Feb 15, 2024.

Learn more about who owns BNGO stock here.

Can I get consistent income from BNGO stock?

No, Bionano Genomics doesn't provide an income stream by paying out dividends.

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Step 5: Make your BNGO buy order

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually sufficient.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a given dollar amount, use a limit order.

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Step 6: Track your BNGO position

Now that you own some BNGO stock, you'll want to stay up-to-date on your investment.

Put BNGO on a watchlist to track your BNGO stock.

BNGO Feed

How to Buy Stock in Bionano Genomics

To reiterate, here are the 6 steps to buy Bionano Genomics stock:

  1. Decide where to buy Bionano Genomics stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Bionano Genomics stock
  5. Make your BNGO buy order
  6. Track your BNGO position

If you are looking for a brokerage account, eToro is our recommended venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your new investment in Bionano Genomics, click the button below.

NASDAQ: BNGO
$0.66+0.03 (+5.1%)
Updated Jul 16, 2024
Open eToro Account
NASDAQ: BNGO
$0.66+0.03 (+5.1%)
Updated Jul 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Bionano Genomics share?

As of Jul 16, 2024, it costs $0.66 to buy one share of Bionano Genomics stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.33, you can buy 0.5 shares of BNGO.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Bionano Genomics stock?

According to 2 Wall Street analysts who monitor Bionano Genomics, their consensus recommendation is to buy Bionano Genomics stock.

What is the best way to buy Bionano Genomics stock?

One way to place an order for Bionano Genomics stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.