You should consider shares of Bionano Genomics Inc. (NASDAQ:BNGO) and Pennsylvania Real Estate Investment Trust (NYSE:PEI) if you are looking for a great stocks to invest in. Starting with the BNGO shares, which traded at $1.17 at the close of the recent session, gaining 0.86%. On Wednesday, the company’s shares shed $0.01 from its value which represented in intraday trading. The stock is now -5.65% lower in year-to-date (YTD) trading. BNGO’s intraday high was $1.21 while its lowest price touched $1.14. The stock’s 52-week high price is $6.24, which means the current price is at -81.23%. In terms of trading activity, the daily trading volume fell to 1229122 against 200-day average trading volume of 2,039,086 shares.
What are analyst forecasts for Bionano Genomics Inc. (NASDAQ:BNGO)?
At a consensus rating of 5.00, BNGO is trending as a streaking Strong Buy, as it has been the case a month ago when 2 analysts called it a Strong Buy. Two months ago, 2 analysts recommended, on average, that BNGO stock is a Strong Buy. The Healthcare company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $1.16 on the day.
Forecasts for Bionano Genomics Inc. (NASDAQ:BNGO) give the stock a fair value for the growth of 61.0% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $3.00, which means the price per share could rise by nearly $1.83. The price range target is between a low of $3.00 and a high of $3.00. The stock would need to gain by about $61.0 to hit the estimated high or 0.43% from its 12-month low.
The consensus among 2 analysts is that it is a good time for one to Buy in the Bionano Genomics Inc. 2 analysts rate BNGO as a Buy, with 0 of 2 analysts rate it as a Sell. 0 have valued the stock as Overweight and 0 have recommended that investors Hold.
Pennsylvania Real Estate Investment Trust (NYSE:PEI) adds $0.04 on Wednesday
The PEI stock has tanked -4.13% year-to-date and is currently trading at $5.11, which is -35.52% below its 52-week high. The company shares gained 0.79% on the day and have risen nearly 17.74% off a low hit. At current levels, Pennsylvania Real Estate Investment Trust has a valuation of about $344.10M. As of 01/15/20, this stock has risen 0.39% during the week and closed at $5.07 in the previous session. However, recent Pennsylvania Real Estate Investment Trust stock performance shows that PEI shares are -3.95% down over the last month, and -3.04% down for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.03, with the trailing 12-month share earnings at -$1.47. The ratio is expected to be up by 86.40% for the current year 2019 and -70.40% for next year. Over the next 5-year period, earnings per share will be 1.00%. But will the PEI stock surprise in the current quarter results, where the $0.22 actual EPS reported on 9/29/2019 surprised by 540.00% or was higher by $0.27 from the estimated -$0.05.
Sales Growth to climb 5.90% for the year
How well will Pennsylvania Real Estate Investment Trust perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $93.2M and $93.2M in current quarter sales. The consensus estimated for the current quarter is $93.2M from sales. Forecasts for this fiscal year are between $347.32M and $347.32M and the consensus estimate for sales is at $347.32M. PEI has its next quarter sales estimates at between $87.69M and $87.69M, with the quarter-over-quarter growth estimates at 14.50% and the annual growth forecast for the year at 5.90%.
Who owns shares in Pennsylvania Real Estate Investment Trust (PEI)?
Let’s briefly focus on the share ownership of the Pennsylvania Real Estate Investment Trust (NYSE:PEI) stock, where we find that 71.96% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 10.54 million shares or 13.58% of shares outstanding. Blackrock Inc. and Invesco Ltd. held 9.97 million and 4.58 million representing 12.85% and 5.90% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 2.75 million shares at over 15.71 million. This represented 3.54% of shares outstanding. Mirae Asset Global Investments Co., Ltd. held 1.9 million shares at over 10.85 million representing 2.45% of shares outstanding.
PEI Insider Activity
On 12/23/2019, Chief Financial Officer & Executive Vice President by the name Mccadden Robert F sold 99870.0 shares worth $537300.0 at the price of $5.38 per share. Filings also show that Coradino Joseph F sold a total of 23313.0 shares on 2/15/2019 valued at $158800.0. Since the last insider activity, the company’s share price has dropped -24.52%.