Is Bionano Genomics a Buy?

Zhiyuan Sun, The Motley Fool
·4-min read
Is Bionano Genomics a Buy?

Bionano Genomics (NASDAQ: BNGO) has been one of the "get rich quick" stocks of 2021. Then, traders from the WallStreetBets Reddit group caught onto the company's technology, believing it was an accurate and precise diagnostic instrument for predicting cancer. The company's shares subsequently rose by a record-shattering 3,038% within three months, turning many of its early shareholders into millionaires off even a small stake.