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BNGO

What Is Going On With BNGO? NASDAQ:BNGO What in the world is going on with BNGO? It seems as if no matter the news the stock goes down. For a company that is set to record their highest earnings ever, the stock movement does not reflect that. For smaller cap stocks this common, stock pumps, hedging, shorts; all play a role in the price. Why is the stock going down? Earlier this year Wallstreet Bets pumped the stock, it is likely that investors see this as an over valued stock. In the short term they may be right, but investors are failing to understand the potential in this company. The Underlying The company is on track to do at least $15 million in revenue over each of the next five years, the EPS will be cut down to the break even point very soon. The company is currently holding $38 million in cash; providing a safety net for their future. With only $25 million in total liabilities, and over $60 million in assets, the company holds a strong framework for profitability. The company currently has $16 million in long term debt; which is small for a biotech industry, PLTR a major competitor holds close to $200 million in debt. BNGO currently has $2.7 million in Net receivables and $2.9 million in accounts payable. The company is in a strong position financially an is managed well by CFO Christopher Stewart. With the company fundamentally on the path to success, why is it that stock is doing so poorly? Investors clearly believe this stock is overvalued for the current state of the company. I hope to see a bottom of $4.20, but I understand that the company could drop below it's pre-pump under $1 valuation. BNGO dominates the genome mapping industry, and will be the major supplier to governments all around the world. The company has huge upside potential, but may be overvalued in the short term. The negativity amongst investors drives fear into buyers, continuing to push the price lower. As the 25% of institutions gain more confident in the company and increase their positions (Blackrock, Vangaurd, ect...), the stock price will thrive. I am currently holding long on BNGO, and in the mean time generating cash buy selling covered calls. I currently have stock positions @$5.97, and Short Call options @1.21 for a strike of $5, for 21-01-2022. I have now added long put options @0.22 for a strike of $4. This is to hedge against downside lost.
NASDAQ:BNGO
by braydenboyko
BNGO When will the struggles end??BNGO has had its fair share of troubles in the last few months, the stock was pushed during the meme stock pump and dump phase earlier this year. What's next for BNGO? BNGO is by no means a short term hold, the company has been working hard in the industry to provide advancements in OGM (Optical Genome Mapping). Although holding a $1.48B market cap, with a 52 week high of $15.69, BNGO has suffered flat bearish movement in the recent months. With 24.99% of shares held by institutions, this is a strong buy for the long term. I believe that the lack of recent growth comes from the failure to be profitable. With the current year only offering $0.06 in revenue per share, and the operating cashflow being at -$58.41M, it is important to note the company does hold $38.449M in Total cash, the most in companies history. Could they be holding for major research to increase their current assets above $50M? The options Contract market is healthy for this company and stock volatility continues to stay high, It amazes me with an average of 8M shares being traded everyday, that we do not see larger movement in price, this could indicate that moving into the future this will be a stable stock. The true test will be if they will offer dividends to their share holders in the future.
NASDAQ:BNGOLong
by braydenboyko
2
BNGO ready for a breakout?Bionano Genomics, it is in the field of gene sequencing. The company`s product, Saphyr, uses optical genome mapping to help detect structural variations in gene sequencing. Bionano recently acquired BioDiscovery for $100 million, which is a leader in clinical software production. The acquisition may facilitate adoption of the Saphyr system, in $4 billion market segment. I see a strong support at this level and an upside, according to BTIG Research of $10 per share.
NASDAQ:BNGOLong
by TopgOptions
3
BNGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching a support area so we will be looking for buy setups on lower timeframes. on H1: BNGO formed a valid channel in red and a reversal pattern. But it is not ready to go yet. Before we buy, we want the buyers to take over. Trigger => Waiting for a momentum candle close above the gray area to buy. Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGOLong
by TheSignalyst
4
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching a support area so we will be looking for buy setups on lower timeframes. on H4: BNGO is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGOLong
by TheSignalyst
4
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: BNGO is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGOLong
by TheSignalyst
21
BNGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. BNGO is approaching strong daily support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: BNGO is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:BNGOLong
by TheSignalyst
15
BNGO - Where we going to?With the recent publication of Bionano in the book Cytogenomics, we can take a look on the graph. Link -> twitter.com We are in a critical point, but I think this news will be key to resist and pull up. It will be interesting if we have a higher low on August 16 than on the 13th. If that news isn't transcendent with the price, the natural movement is going to close the flag. If the news affects the price favorably I think we will go to test the 7$. Wth the volatility that this stock has, I think that the Pre Market on Monday 16th will be very important as I think that it will move to a higher level. They could put it at 7$ and during the week make it go down to close the GAP over 6$ and then start to go up. Yellow Ascendent Line -> Hard Support that if it breaks it would be very dangerous Red lines -> Possible bullish channels in which the price will be placed Green lines -> Possible resistances that we will find and will be difficult to break Good luck!
NASDAQ:BNGO
by marcavilavall
1