FLGT Outlook - Oracle Dispatch FYI.....shares are down a bit however only for the short term
Company Outlook
FLGT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.76 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.11. Fulgent Genetics Inc. FLGT also noted assets of $95.92 million at the end of the last quarter. Investors should also keep an eye on sector updates as FLGT has historically followed its peers on positive news.
All told, Fulgent Genetics Inc. FLGT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FLGT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Fulgent Genetics Inc. FLGT is now commanding a market cap of 860.73M and a float of 11.91M. FLGT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FLGT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FLGT, either long or short, and we have not been compensated for this article.