Reviewing BioNano Genomics (BNGO) & Its Competitors

BioNano Genomics (NASDAQ: BNGO) is one of 24 publicly-traded companies in the “Analytical instruments” industry, but how does it weigh in compared to its peers? We will compare BioNano Genomics to related companies based on the strength of its risk, valuation, dividends, earnings, profitability, analyst recommendations and institutional ownership.

Valuation and Earnings

This table compares BioNano Genomics and its peers top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
BioNano Genomics $12.00 million -$18.50 million -1.53
BioNano Genomics Competitors $1.14 billion $146.92 million 13.39

BioNano Genomics’ peers have higher revenue and earnings than BioNano Genomics. BioNano Genomics is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider & Institutional Ownership

10.7% of BioNano Genomics shares are owned by institutional investors. Comparatively, 60.9% of shares of all “Analytical instruments” companies are owned by institutional investors. 13.5% of shares of all “Analytical instruments” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for BioNano Genomics and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
BioNano Genomics 0 0 2 0 3.00
BioNano Genomics Competitors 171 885 1242 64 2.51

BioNano Genomics presently has a consensus target price of $11.50, indicating a potential upside of 187.50%. As a group, “Analytical instruments” companies have a potential downside of 1.66%. Given BioNano Genomics’ stronger consensus rating and higher probable upside, equities analysts clearly believe BioNano Genomics is more favorable than its peers.

Profitability

This table compares BioNano Genomics and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
BioNano Genomics N/A N/A N/A
BioNano Genomics Competitors -232.52% -26.26% -11.76%

About BioNano Genomics

Bionano Genomics, Inc. operates as a life sciences instrumentation company in the genome analysis space. The company develops and markets the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets, and to streamline the study of changes in chromosomes, which is known as cytogenetics. Its Saphyr system comprises an instrument, chip consumables, reagents, and a suite of data analysis tools. The company's Bionano prep kits and labeling kits provide the critical reagents and protocols needed to extract and label high molecular weight DNA for use with the Saphyr system; and data solutions offering includes a suite of hardware and software for end-to-end experiment management, algorithms for assembling genome maps, and algorithms and databases for bioinformatics processing. It sells its products for research use applications primarily to laboratories associated with academic and governmental research institutions, as well as to pharmaceutical, biotechnology, and contract research companies in the United States and Canada, Europe, the Middle East, India, Africa, China, Japan, South Korea, Singapore, and Australia. The company was formerly known as BioNano Genomics, Inc. and changed its name to Bionano Genomics, Inc. in July 2018. Bionano Genomics, Inc. was founded in 2003 and is headquartered in San Diego, California.

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