BNGO Forecast


Bullish Case: The recent CPT code approval for optical genome mapping (OGM) may unlock significant clinical adoption and reimbursement pathways, positioning BNGO for a rebound in revenue and stock price as healthcare providers integrate this technology into their services.


Bearish Case: Bionano continues facing financial distress, with persistent downward price trends exacerbated by low trading volumes and high implied volatilities, raising concerns about sustainability and shareholder confidence amidst ongoing challenges.


Potential Outcomes:

1) Successful commercialization of OGM leads to increased revenue (25%);

2) Additional funding eases cash flow issues (20%);

3) Failure to penetrate the market results in continued declines (45%);

4) Major competitive disruption hinders growth (10%).


Trading Oracle: Consider bullish long debit spreads targeting the August '24 expiration to benefit from potentially rising volatility and the anticipated OGM adoption spike, given the low current price of $0.618. This strategy leverages higher implied volatility while managing risk appropriately.


July 25, 2024


Bionano Genomics Forecast

BNGO      Bionano Genomics











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