A Binary Play Worth Monitoring: Chesapeake Energy Corporation (CHK), Bionano Genomics, Inc. (BNGO)

Chesapeake Energy Corporation (NYSE:CHK) has its shares plummet by -77.87% or $2.78 from its all-time high of $3.57, with CHK attaining that price back on April 08, 2019. The drop in the price of the shares saw it stand at $0.79 per share. CHK has been trading at a low of $0.55 over the past one year but it surged by 43.64% or $0.24 to reach the $0.79 mark. Following the massive rise in stock price, CHK received more attention from investors and analysts. On Sunday, the stock plunged by 0.84%, which caused investors and analysts to excite about it. Following the plunge in price, the CHK beta stands at 2.21, implying that its volatility level has gone up by -1.21 ahead of the general market. A look at the stock’s 200-day moving average shows that it is -58.44% below while its 50-day moving average shows that it is currently -22.9% below. Compared to 8.22% average daily volatility of past month, the stock’s average volatility for this week has decreased by -0.130000000000001 as the volatility level currently stands at 8.09%.

Over the past seven days, the stock has witnessed a price surge by 3.83%. This massive rise in stock price has caught the attention of both investors and market traders. The stock has performed poorly over the past 52 weeks, dropping by -69.41% during that time frame and is now down by -62.42% since this point this year. CHK has surged by 12.45% over the past 30 days, with its equity price losing% of its value over the past ninety days. These figures add up to see the stock record a shortfall of -56.87% over the past six months.

Market analysts from research firms still remain bullish about the short-term performance of CHK. Most of them are of the view that the stock would be able to reach $1.36 over the next 12 months. If that happens, then the stock would witness a 72.15% rise in its price and that would see the stock’s market cap hit an astonishing $3 Billion. Analysts view this stock as a bearish at the moment as its average rating is 3.5. According to Reuters, many of the 13 analysts covering the stock at the moment believe it is a Buy. 7 of them rated CHK as a Hold while 1 of them either rated it as a Buy or a Strong Buy. However, 5 of them advised investors to sell the stock if they have it or shouldn’t buy it if they don’t possess any.

The stock’s technical analysis reveals that its 14-day Relative Strength Index (RSI) is currently in a neutral position as it was able to attain 50.07 points. The trading volume now standing at 62440347 shares. The decrease of -16000000 shares in trading volume shows that traders and investors have shown less interest in the stock over the past few weeks. During that trading session, the average trading volume of CHK was 78230000 shares, which is more than 0.8 times higher than its usual trading volume.

Bionano Genomics, Inc. has seen its stock (NASDAQ:BNGO) surge by $0.01 or 0.74% to currently trade at $1.02. This rise in the price of the stock has seen it establish a strong support at $0.98 a share. If the stock price is to drop below that support level, then it would be followed by a bearish trend. A slip below $0.95 would be bad for BNGO as it would mean that the stock has lost 6.86% of its value. The stock going in the opposite direction and breaking past the resistance point to reach $1.04 would see it surge even higher. BNGO would attempt to surge past the upward resistance point which is set at $1.07 a share. BNGO has an average volatility of 8.76% over the past 30 days, while it has gained 50.98% of its value compared to its 52-weeks low point which stands at $0.5 on Oct 15, 2019. In the same breath, BNGO has lost 4.41% compared to its 52-weeks high point which currently stands at $0.975 a share reached on Dec 17, 2018.

Analysts have set a 1-year price target for this stock, with most of them expecting it to reach $3/share over the next 12 months. If that happens, then BNGO would witness a 194.12% rise from its current price. The price of the stock has been moving between $0.975 and $1.035. Not all analysts believe it would hit that target though, as some of them expect it to trade lower, as low as $3 per share. In the same breath, one analyst believes that the stock is set to soar even higher than expected, as the price target was set at $3.

The stock is currently oversold as its Stochastic Oscillator (%D) is at 28.92%, which implies that a jump in price could be experienced soon. Its shares P/S ratio is above the 0.88 industry average and above the 1.02 by the wider market, as BNGO’s P/S ratio currently stands at 2.3. The stock’s estimated price-earnings (P/E) multiple is 0 which is also below the 12-month price-earnings (P/E) which stands at 0. Bionano Genomics, Inc. has experienced a fall in its earnings, recording an decrease rate of 0% in each quarter over the past five years.

The stock has an average rating of 0 which means that it has been rated as a Buy by most analysts. The stock is being covered by 2 analysts who gave a consensus recommendation of 0 which implies that it is currently in a bull/bear situation. Reuters looked into analysts covering Bionano Genomics, Inc., and 0 of them believe that the stock is a Hold at the moment. 2 of the analysts rated it as a Buy or a Strong Buy while the remaining analysts (0) rated it as a sell at the moment.