Bionano Genomics (BNGO) Stock to KEEP RISING - New BNGO Price Target! 馃殌 - YouTube

Channel: HyperProfit

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welcome to hyper profit i'm andru
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edwards and while none of this
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is financial advice we've got to talk
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about what i think is one of the most
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dynamic companies on the market right
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now
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bio nano genomics ticker symbol bng0
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now whenever i talk about a stock that i
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own i make a commitment to share those
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details with you and in this case
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if i bring up bionano genomics we can
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see that i own
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just over 960 shares at an average cost
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of 2.71 cents per share
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which has given me a total return of
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about 340 percent
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i do also have a couple of call options
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on bngo as well
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and i do also own additional shares in
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my weeble account where i take advantage
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of buying in the pre-market and
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aftermarket i do highly recommend having
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a weeble account so that you can do the
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same
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i will leave a link down in the
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description if you sign up they'll give
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you a couple of free stocks worth
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up to sixteen hundred dollars but to me
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that's really the
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after thought the real benefit is the
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extra seven and a half
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hours of trading that you can do per day
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to catch things before they take off in
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the morning
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when the market opens okay three months
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ago bionanogenomics was trading at about
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50 cents per share
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and it's currently sitting at just under
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12
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it's up an astounding 2 280 percent in
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that time frame
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so why is there so much interest and
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success in bio nano genomics
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and why did it just get a new street
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high price target today
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we'll talk about the new price target in
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a minute but for some background bio
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nano genomics is a company that runs
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human genome mapping at scale
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which in turn allows doctors to detect
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genetic variants
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which can lead to new cancer treatments
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the way i saw one person put it
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is bio nanogenomics does a bunch of cool
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stuff that reads like science fiction
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but they're making it a reality now
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obviously people
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invest with the goal of growing their
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wealth
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but i love the idea of supporting a
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company that is focused on improving
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lives
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which is why you won't find me investing
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in big oil
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or tobacco companies just a personal
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choice of mine
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now on the flip side i love seeing that
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bio nanogenomics is helping solve
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childhood leukemia
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and you can read that article on their
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investor website which shows that
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sapphire
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their optical genome mapping system was
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able to detect
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druggable gene fusions in pediatric
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acute leukemia
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that other products missed stock
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analysts on wall street are also liking
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bngo
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more and more due to the promise of a
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100
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genome map in fact looking at the
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adjusted price targets as of yesterday
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bngo is rated as a strong buy and it
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just got a new price target from
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oppenheimer analyst kevin de jeter he's
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rated as a five-star analyst and boosted
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his price target
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from a dollar fifty all the way to a new
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high of fifteen dollars per share
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if he's correct investors will see gains
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of about twenty nine percent
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as of today but don't be surprised to
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see bio nano genomics go even higher
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with some estimating that it'll hit 30
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dollars
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now digital also thinks that by 2026
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three full years into the launch of a
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next generation platform
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offering up to 80 reduction in per
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genome disposable cost
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the company can deliver revenue of 353
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million dollars and overall the analyst
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estimates that the cryogenetics total
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addressable market
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could reach more than 1.5 billion
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there's also speculation that kathy
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woods is
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arcg will buy into bngo and add it to
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their holdings
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and if that happens you'll absolutely
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see
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additional interest rising now if you're
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wondering
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who's out there using bionano's sapphire
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product in their research of diseases
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that list includes the mayo clinic duke
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university
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and the penn state college of medicine
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in addition it was just announced today
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that the university health networks
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laboratory medicine program
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in toronto is piloting the sapphire
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system
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now the laboratory medicine program is
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the largest hospital
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diagnostic lab in canada and one of the
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largest
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in the world so for the uhn to adopt the
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sapphire system is huge
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and shows tremendous confidence in bio
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nanogenomics product
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the updated price target from wall
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street and increased interest from the
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medical community could both be signals
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that this is a good time to buy
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be sure to do your own research and due
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diligence as none of this
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is financial advice if you want to buy
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into bio nano genomics again the ticker
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symbol is
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bngo if you want to buy after hours
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before the market
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opens you'll need an account at weeble
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and again that
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link is down in the description below
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now i want to know what you think
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are you already invested into bio nano
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genomics or if not
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is this news something that will make
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you consider
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investing let me know down in the
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comments below and i will meet you there
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for further discussion
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thanks so much for watching as always
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guys i appreciate your support i'm andru
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edwards and i will catch you on the next
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episode of hyper profit