Bionano Story

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BNGO -- USA Stock  

USD 6.90  1.65  19.30%

The upcoming quarterly report is expected on the 9th of March 2021. The stock is still going through an active upward rally. Bionano Genomics Book Value per Share is quite stable at the moment as compared to the past year. The company's current value of Book Value per Share is estimated at 0.30. Current Ratio is expected to rise to 1.76 this year, although the value of Average Assets will most likely fall to about 26.6 M. As many millenniums are trying to avoid healthcare space, it makes sense to outline Bionano Genomics a little further and try to understand its current market patterns. I will address a few possible reasons institutional investors do not currently respect this stock.
Published over a month ago
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How much will Bionano Genomics owe in February?
Bionano Genomics currently holds 16.01 M in liabilities with Debt to Equity (D/E) ratio of 1.09, which is about average as compared to similar companies. This firm has a current ratio of 1.16, suggesting that it is in a questionable position to pay out its financial obligations when due.
Bionano Genomics financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Bionano Genomics, including all of Bionano Genomics's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Bionano Genomics assets, the company is considered highly leveraged. Understanding the composition and structure of overall Bionano Genomics debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it.
Please read more on our technical analysis page.

Understanding Bionano Total Debt

Bionano Genomics liabilities are broken down into two parts on the balance sheet. These are short-term (or current) obligations and long-term debt. Bionano Genomics has to fulfill its short-term liabilities in this reporting year and should be no more than 12 months old. Long-term debt, on the other hand, is anything beyond the 12-month payment timeframe. Common short-term liabilities found on Bionano Genomics balance sheet include debt obligations and money owed to different Bionano Genomics vendors, workers, and loan providers. Below is the chart of Bionano main long-term debt accounts currently reported on its balance sheet.
You can use Bionano Genomics financial leverage analysis tool to get a better grip on understanding its financial position

How important is Bionano Genomics's Liquidity

Bionano Genomics financial leverage refers to using borrowed capital as a funding source to finance Bionano Genomics ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Bionano Genomics financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Bionano Genomics's total debt and its cash.

Acquisition by Stewart Christopher P of 8000 shares of Bionano Genomics subject to Rule 16b-3

Legal trades by Bionano Genomics insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Bionano insider trading alert for grant of common stock by Stewart Christopher P, Chief Financial Officer, on 25th of January 2021. This event was filed by Bionano Genomics Inc with SEC on 2021-01-25. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

What is driving Bionano Genomics Investor Appetite?

The company reported the previous year's revenue of 7.3 M. Net Loss for the year was (37.28 M) with profit before overhead, payroll, taxes, and interest of 3.36 M.

Liabilities Breakdown

Total Liabilities26.99 Million
Current Liabilities24.2 Million
Long-Term Liabilities209,676

Will Bionano Genomics growth be sustainable after the rise?

Market Risk Adjusted Performance just dropped to -4.89, may entail upcoming price decrease. Bionano Genomics is displaying above-average volatility over the selected time horizon. Investors should scrutinize Bionano Genomics independently to ensure intended market timing strategies are aligned with expectations about Bionano Genomics volatility.

Our Bottom Line On Bionano Genomics

Whereas some other companies within the diagnostics & research industry are still a little expensive, even after the recent corrections, Bionano Genomics may offer a potential longer-term growth to institutional investors. To summarize, as of the 23rd of January 2021, we believe that at this point, Bionano Genomics is overvalued with very low probability of distress within the next 2 years. Our present advice on the company is Strong Sell.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of Bionano Genomics. Please refer to our Terms of Use for any information regarding our disclosure principles.

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