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 $0.82, down 4.67% from the previous day, and has decreased 90.89% in one year. It has underperformed other stocks in the Medical Instruments & Supplies industry by 0.77 percentage points. Bionano Genomics stock is currently +3.82% from its 52-week low of $0.79, and -90.05% from its 52-week high of $8.20.
As of Apr 17, 2024, there are 54.69M shares of BNGO outstanding. The market value of BNGO is $44.63M. In the past 24 hours, 1.59M BNGO shares were traded.
How to Buy Bionano Genomics Stock
Not sure how to invest in Bionano Genomics stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world markets: From Technology to Industrials, New York to Tokyo — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro has a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 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.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Send your data by hitting the "Create Account" button. Get started with eToro today
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:
Watch the walkthrough below for more details depositing funds into your new brokerage account.
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 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 0.46x, relative to Medical Instruments & Supplies industry P/B ratio of 3.49x
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 1.23.
- BNGO has cash burn of 126872000. It does not have sufficient cash and short-term investments to cover this.
- BNGO profit margin has gone down from -476.9% to -643.7% in the past year.
- BNGO has $102.29M in cash and short term investments. This is not sufficient to cover its annual cash burn of $126.87M.
Do Wall Street analysts think it's a good time to buy BNGO stock
Out of 1 Equities analysts who give forecasts on BNGO, the consensus analyst rating on Bionano Genomics is a 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
Is BNGO Growing Revenue?
Last year, BNGO revenue was $36.12M. During the last 5 year, BNGO's revenue has increased by 24.65% per year. This was faster than the Medical Instruments & Supplies industry average of 9.46%.
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 bought more shares than they have sold.
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.
Get analysis from other investors
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
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.
Click the Open button and eToro will execute your order.
If you require more help buying stocks on eToro, click the how to video below:
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:
- Decide where to buy Bionano Genomics stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Bionano Genomics stock
- Make your BNGO buy order
- Track your BNGO position
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Bionano Genomics, click the button below.
Other Stock Buying Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.