What is Bionano Genomics and Is It A Buy Right Now?

If you are into stock trading, you need to be very careful while choosing the stocks. In order to make money from trading, you need to know when to buy and when to sell shares.

Most of the day, traders invest in small and medium-scale companies to earn a higher margin by trading in stocks. Currently, medical science companies and life sciences companies are a good option for investors.

You can invest your money in Bionano Genomics. This company has been in the news lately. It is one of those stocks which can help you get rich quickly.

What is Bionano Genomics?

It is a life science instrumentation organization. They mostly focus on genome analysis space. They offer various products to other companies, which help them to conduct genomic and DNA research.

They provide automated imaging instrument, secondary software, proprietary nanochannel chips and application-specific reagents. In short, they help other companies to easily understand genomics with their products and technology.


Stock Investment

This company have headquarters in San Diego. Eric Holmlin is the CEO of the company. This company was established in the year 2003. It is listed on NASDAQ for trading. The IPO was launched on 21st September 2018. The stock is popularly known as NASDAQ BNGO at https://www.webull.com/quote/nasdaq-bngo.

At the time of opening, the stock value was $6.13. Currently, the stock value has gone down by reaching $4.83. However, it is one of the most promising stocks in 2021. The value almost doubled this year with the launch of various new technologies and products.

Should You Buy or Sell NASDAQ BNGO?

This stock has made many people rich over the last few months. In the month of December, the value of the stock was worth few pennies. It was being traded at $0.50.

However, WallStreetBets praised the company for its promising technology on Reddit, which lead to a surge in the stock value. As per the Reddit group, this company have developed an instrument that helps in predicting cancer accurately.

After that, the stock price increased by 3038%. It took only three months for the investors to get rich by buying and selling this stock.

However, after March, the stock price decreased by 65%. Although, it is better than $0.50. The fall in stock price came after the revenue of the company declined as most of the laboratories and diagnostic centres are dedicated to Covid-19.

On the contrary, they still have the Saphyr system, which can be a game-changer. It helps in genome mapping technology. As of now, it is only used in the US. However, there is good scope for the company in the future. So, now is the right time to buy NASDAQ BNGO and wait for the price to go up in the future. There are many other stocks such as nasdaq aapl which you can check at https://www.webull.com/quote/nasdaq-aapl.