Sunday, June 26, 2022

Bionano Genomics Inc. (BNGO) may enjoy gains as insiders got busy in the recent days

In a filing, Bionano Genomics Inc. revealed its Director BARKER DAVID L acquired Company’s shares for reported $16000.0 on May 16. In the deal valued at $1.60 per share,10,000 shares were bought. As a result of this transaction, BARKER DAVID L now holds 13,894 shares worth roughly $ 20563.12.


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Then, Holmlin R. Erik bought 5,025 shares, generating $20,037 in total proceeds. Upon buying the shares at $3.99, the President and CEO now owns 5,025 shares.

In the meantime, BTIG Research initiated its Bionano Genomics Inc. [BNGO] rating to a Buy in a research note published on Tuesday, June 16, 2021; the price target was $10. PT values the company’s stock at a premium of 85.2 to its Tuesday closing price. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Oppenheimer began covering BNGO with a “an Outperform” recommendation on April 08, 2020.

Price Performance Review of BNGO

On Tuesday, Bionano Genomics Inc. [NASDAQ:BNGO] saw its stock jump 3.50% to $1.48. On the same session, the stock had its day’s lowest price of $1.46, but rose to a high of $1.56. Over the last five days, the stock has gained 8.03%. Bionano Genomics Inc. shares have fallen nearly -50.50% since the year began. Nevertheless, the stocks have fallen -79.50% over the past one year. While a 52-week high of $8.20 was reached on 01/03/22, a 52-week low of $1.16 was recorded on 05/12/22. SMA at 50 days reached $1.6649, while 200 days put it at $3.1230. A total of 5.68 million shares were traded, compared to the trading of 4.43 million shares in the previous session.

Levels Of Support And Resistance For BNGO Stock

The 24-hour chart illustrates a support level at 1.4400, which if violated will result in even more drops to 1.4000. On the upside, there is a resistance level at 1.5400. A further resistance level may holdings at 1.6000. The Relative Strength Index (RSI) on the 14-day chart is 45.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1167, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.44%. Stochastics %K at 28.15% indicates the stock is a holding.

Bionano Genomics Inc. [BNGO] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,416,245 shares, or roughly 5.67% of the outstanding BNGO shares. In other words, the investor’s shares have fallen by -192,762 from its previous 13-F filing of 16609007.0. Additionally, The Vanguard Group, Inc. increased 7.77% of its stake after which the total value it holdings stand at $26,223,551, while SSgA Funds Management, Inc. added 7.30% of its stake to hold $13.36 million in the firm. Over the last quarter, Geode Capital Management LLC sold -322,149 shares of Bionano Genomics Inc., while Northern Trust Investments, Inc. sold -73,822 shares. At present, Charles Schwab Investment Managem is holding 2,108,117 shares valued at $3.65 million. Morgan Stanley & Co. LLC owned 1,990,243 shares of the company at the time of its most recent 13F filing, worth $3.44 million.

According to FactSet, Bionano Genomics Inc.’s share price will average $8.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 459.44 percent from its previous closing price of $1.43. Analysts expect Bionano Genomics Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $6.00. However, 3 analysts have rated BNGO stock as a Buy in their predictions for 2022.

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