Bionano Genomics, Inc. (BNGO) closed at $9.38 within the newest buying and selling
Bionano Genomics, Inc. (BNGO) closed at $9.38 within the newest buying and selling session, marking a -1.57% transfer from the prior day. This modification lagged the S&P 500’s 0.1% achieve on the day. On the identical time, the Dow added 0.9%, and the tech-heavy Nasdaq misplaced 0.59%.
Coming into right now, shares of the corporate had misplaced 18.55% up to now month. In that very same time, the Medical sector misplaced 5.42%, whereas the S&P 500 gained 0.71%.
Wall Road shall be on the lookout for positivity from BNGO because it approaches its subsequent earnings report date. That is anticipated to be March 23, 2021.
It is usually vital to notice the latest modifications to analyst estimates for BNGO. These revisions usually mirror the newest short-term enterprise traits, which may change regularly. With this in thoughts, we will take into account constructive estimate revisions an indication of optimism in regards to the firm’s enterprise outlook.
Analysis signifies that these estimate revisions are immediately correlated with near-term share worth momentum. To learn from this, we’ve developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and offers an actionable ranking system.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a exceptional, outside-audited monitor file of success, with #1 shares delivering a mean annual return of +25% since 1988. Inside the previous 30 days, our consensus EPS projection remained stagnant. BNGO is holding a Zacks Rank of #3 (Maintain) proper now.
The Medical – Biomedical and Genetics business is a part of the Medical sector. This group has a Zacks Business Rank of 190, placing it within the backside 26% of all 250+ industries.
The Zacks Business Rank gauges the energy of our business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to observe all of those stock-moving metrics, and plenty of extra, on Zacks.com.
Need the newest suggestions from Zacks Funding Analysis? At this time, you’ll be able to obtain 7 Finest Shares for the Subsequent 30 Days. Click on to get this free report
Bionano Genomics, Inc. (BNGO): Free Inventory Evaluation Report
To learn this text on Zacks.com click on right here.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.