Bionano Genomics Stock Price To Earning

BNGO Stock

USD 0.95 0.01 1.04%

Bionano Genomics fundamentals help investors to digest information that contributes to Bionano Genomics' financial success or failures. It also enables traders to predict the movement of Bionano Stock. The fundamental analysis module provides a way to measure Bionano Genomics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bionano Genomics stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Bionano Genomics Company Price To Earning Analysis

Bionano Genomics' Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

P/E

Market Value Per Share

Earnings Per Share

More About Price To Earning | All Equity Analysis

Current Bionano Genomics Price To Earning

(1.80) X

Most of Bionano Genomics' fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bionano Genomics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Bionano Price To Earning Driver Correlations

Understanding the fundamental principles of building solid financial models for Bionano Genomics is extremely important. It helps to project a fair market value of Bionano Stock properly, considering its historical fundamentals such as Price To Earning. Since Bionano Genomics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bionano Genomics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bionano Genomics' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Long Term Debt Total	Capital Surpluse	Total Liab	Short Long Term Debt	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Net Invested Capital	Net Working Capital	Deferred Long Term Liab	Capital Stock	Good Will	Intangible Assets
Total Assets		0.98	0.95	0.84	0.15	-0.67	0.94	0.72	0.67	0.72	0.86	0.37	0.79	0.98	0.27	0.86	0.73	0.98	0.93	-0.73	0.85	0.78	0.9
Total Stockholder Equity	0.98		0.92	0.77	0.01	-0.58	0.89	0.69	0.59	0.69	0.8	0.23	0.76	0.97	0.18	0.9	0.63	0.98	0.97	-0.71	0.9	0.83	0.83
Net Tangible Assets	0.95	0.92		0.76	0.29	-0.78	0.88	0.72	0.69	0.72	0.93	0.51	0.86	0.96	0.5	0.73	0.79	0.96	0.91	-0.77	0.72	0.57	0.88
Current Deferred Revenue	0.84	0.77	0.76		0.36	-0.7	0.86	0.55	0.59	0.55	0.79	0.5	0.66	0.77	0.3	0.65	0.81	0.77	0.63	-0.64	0.65	0.63	0.89
Net Debt	0.15	0.01	0.29	0.36		-0.72	0.34	0.13	0.53	0.13	0.53	0.92	0.31	0.1	0.77	-0.26	0.71	0.13	-0.09	-0.21	-0.28	-0.24	0.52
Retained Earnings	-0.67	-0.58	-0.78	-0.7	-0.72		-0.8	-0.69	-0.83	-0.69	-0.95	-0.85	-0.88	-0.64	-0.87	-0.4	-0.96	-0.7	-0.49	0.79	-0.38	-0.19	-0.88
Accounts Payable	0.94	0.89	0.88	0.86	0.34	-0.8		0.81	0.83	0.81	0.91	0.52	0.84	0.89	0.43	0.78	0.83	0.93	0.78	-0.8	0.77	0.7	0.96
Long Term Debt	0.72	0.69	0.72	0.55	0.13	-0.69	0.81		0.85	1.0	0.75	0.3	0.85	0.72	0.5	0.71	0.57	0.79	0.62	-0.93	0.69	0.42	0.68
Net Receivables	0.67	0.59	0.69	0.59	0.53	-0.83	0.83	0.85		0.85	0.82	0.56	0.76	0.63	0.69	0.43	0.73	0.71	0.47	-0.75	0.4	0.3	0.79
Long Term Debt Total	0.72	0.69	0.72	0.55	0.13	-0.69	0.81	1.0	0.85		0.75	0.3	0.85	0.72	0.5	0.71	0.57	0.79	0.62	-0.93	0.69	0.42	0.68
Capital Surpluse	0.86	0.8	0.93	0.79	0.53	-0.95	0.91	0.75	0.82	0.75		0.72	0.93	0.83	0.71	0.63	0.94	0.88	0.73	-0.84	0.61	0.44	0.95
Total Liab	0.37	0.23	0.51	0.5	0.92	-0.85	0.52	0.3	0.56	0.3	0.72		0.56	0.34	0.82	0.0	0.86	0.35	0.16	-0.43	-0.01	-0.11	0.67
Short Long Term Debt	0.79	0.76	0.86	0.66	0.31	-0.88	0.84	0.85	0.76	0.85	0.93	0.56		0.78	0.68	0.72	0.83	0.85	0.71	-0.95	0.69	0.39	0.83
Total Current Assets	0.98	0.97	0.96	0.77	0.1	-0.64	0.89	0.72	0.63	0.72	0.83	0.34	0.78		0.28	0.83	0.67	0.98	0.96	-0.72	0.82	0.71	0.84
Short Term Debt	0.27	0.18	0.5	0.3	0.77	-0.87	0.43	0.5	0.69	0.5	0.71	0.82	0.68	0.28		-0.02	0.74	0.34	0.13	-0.59	-0.05	-0.3	0.53
Common Stock	0.86	0.9	0.73	0.65	-0.26	-0.4	0.78	0.71	0.43	0.71	0.63	0.0	0.72	0.83	-0.02		0.45	0.87	0.87	-0.74	1.0	0.86	0.67
Property Plant Equipment	0.73	0.63	0.79	0.81	0.71	-0.96	0.83	0.57	0.73	0.57	0.94	0.86	0.83	0.67	0.74	0.45		0.71	0.52	-0.72	0.44	0.33	0.93
Net Invested Capital	0.98	0.98	0.96	0.77	0.13	-0.7	0.93	0.79	0.71	0.79	0.88	0.35	0.85	0.98	0.34	0.87	0.71		0.94	-0.8	0.85	0.73	0.88
Net Working Capital	0.93	0.97	0.91	0.63	-0.09	-0.49	0.78	0.62	0.47	0.62	0.73	0.16	0.71	0.96	0.13	0.87	0.52	0.94		-0.65	0.86	0.76	0.72
Deferred Long Term Liab	-0.73	-0.71	-0.77	-0.64	-0.21	0.79	-0.8	-0.93	-0.75	-0.93	-0.84	-0.43	-0.95	-0.72	-0.59	-0.74	-0.72	-0.8	-0.65		-0.72	-0.39	-0.74
Capital Stock	0.85	0.9	0.72	0.65	-0.28	-0.38	0.77	0.69	0.4	0.69	0.61	-0.01	0.69	0.82	-0.05	1.0	0.44	0.85	0.86	-0.72		0.87	0.66
Good Will	0.78	0.83	0.57	0.63	-0.24	-0.19	0.7	0.42	0.3	0.42	0.44	-0.11	0.39	0.71	-0.3	0.86	0.33	0.73	0.76	-0.39	0.87		0.61
Intangible Assets	0.9	0.83	0.88	0.89	0.52	-0.88	0.96	0.68	0.79	0.68	0.95	0.67	0.83	0.84	0.53	0.67	0.93	0.88	0.72	-0.74	0.66	0.61

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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.

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Predict Bionano Genomics

Bionano Retained Earnings

Retained Earnings

(552.15 Million)

Bionano Genomics reported last year Retained Earnings of (581.21 Million)

Based on the latest financial disclosure, Bionano Genomics has a Price To Earning of -1.7966 times. This is 106.95% lower than that of the Life Sciences Tools & Services sector and 106.9% lower than that of the Health Care industry. The price to earning for all United States stocks is 106.26% higher than that of the company.

Bionano Price To Earning Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bionano Genomics' direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.

Bionano Genomics is currently under evaluation in price to earning category among related companies.

Bionano Fundamentals

	Return On Equity	-1.35
	Return On Asset	-0.33
	Operating Margin	(2.70) %
	Current Valuation	64.6 M
	Shares Outstanding	61.23 M
	Shares Owned By Insiders	0.39 %
	Shares Owned By Institutions	10.05 %
	Number Of Shares Shorted	5.36 M
	Price To Earning	(1.80) X
	Price To Book	0.62 X
	Price To Sales	1.66 X
	Revenue	36.12 M
	Gross Profit	5.95 M
	EBITDA	(125.72 M)
	Net Income	(232.49 M)
	Cash And Equivalents	187.34 M
	Cash Per Share	0.65 X
	Total Debt	87.95 M
	Debt To Equity	0.04 %
	Current Ratio	7.75 X
	Book Value Per Share	2.10 X
	Cash Flow From Operations	(129.7 M)
	Short Ratio	3.29 X
	Earnings Per Share	(6.81) X
	Target Price	6.67
	Number Of Employees	344
	Beta	2.37
	Market Capitalization	58.17 M
	Total Asset	214.4 M
	Retained Earnings	(581.21 M)
	Working Capital	40.09 M
	Current Asset	14.39 M
	Current Liabilities	8.72 M
	Net Asset	214.4 M

About Bionano Genomics Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Bionano Genomics's 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.

Please read more on our fundamental analysis page.

Pair Trading with Bionano Genomics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bionano Genomics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bionano Genomics will appreciate offsetting losses from the drop in the long position's value.

Moving together with Bionano Stock

0.76

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Moving against Bionano Stock

0.66	CGC	Canopy Growth Corp Financial Report 27th of June 2024	Pair Corr
0.57	MLECW	Moolec Science SA	Pair Corr
0.5	FLGC	Flora Growth Corp Financial Report 20th of May 2024	Pair Corr

The ability to find closely correlated positions to Bionano Genomics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bionano Genomics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bionano Genomics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bionano Genomics to buy it.

The correlation of Bionano Genomics is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bionano Genomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bionano Genomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Bionano Genomics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Bionano Genomics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Bionano Genomics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bionano Genomics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bionano Genomics Stock:

How To Invest In Bionano

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Is Bionano Stock a good investment?

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What is Bionano Genomics' Net Worth?

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Largest Life Sciences Tools & Services Companies

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Largest Pharmaceuticals, Biotechnology & Life Sciences Companies

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Check out Bionano Genomics Piotroski F Score and Bionano Genomics Altman Z Score analysis.

To learn how to invest in Bionano Stock, please use our How to Invest in Bionano Genomics guide.

Note that the Bionano Genomics information on this page should be used as a complementary analysis to other Bionano Genomics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

Complementary Tools for Bionano Stock analysis

When running Bionano Genomics' price analysis, check to measure Bionano Genomics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bionano Genomics is operating at the current time. Most of Bionano Genomics' value examination focuses on studying past and present price action to predict the probability of Bionano Genomics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bionano Genomics' price. Additionally, you may evaluate how the addition of Bionano Genomics to your portfolios can decrease your overall portfolio volatility.

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Is Bionano Genomics' industry 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

(6.81)

Revenue Per Share

1.058

Quarterly Revenue Growth

0.305

Return On Assets

(0.33)

Return On Equity

(1.35)

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.

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Bionano Genomics Stock Price To Earning

Bionano Genomics Company Price To Earning Analysis

P/E

Market Value Per Share

Earnings Per Share

Current Bionano Genomics Price To Earning

Bionano Price To Earning Driver Correlations

Bionano Retained Earnings

Retained Earnings

(552.15 Million)

Bionano Price To Earning Peer Comparison

Bionano Fundamentals

About Bionano Genomics Fundamental Analysis

Pair Trading with Bionano Genomics

Moving together with Bionano Stock

Moving against Bionano Stock

Complementary Tools for Bionano Stock analysis

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