With 0.87 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.29 million shares. The 52-week range on FLGT shows that it touched its highest point at $25.11 and its lowest point at $14.57 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 1.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLGT was up-trending over the past week, with a rise of 10.47%, but this was up by 1.87% over a month. Three-month performance dropped to -16.44% while six-month performance fell -22.92%. The stock lost -27.71% in the past year, while it has lost -8.61% so far this year. A look at the trailing 12-month EPS for FLGT yields -1.42 with Next year EPS estimates of -0.63. For the next quarter, that number is -0.18. This implies an EPS growth rate of -233.78% for this year and 3.91% for next year.
Float and Shares Shorts:
At present, 30.84 million FLGT shares are outstanding with a float of 19.85 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLGT since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.34513 being high and $0.29583 being low. For FLGT, this leads to a yearly average estimate of $0.32541. Based on analyst estimates, the high estimate for the next quarter is -$0.12 and the low estimate is -$0.19. The average estimate for the next quarter is thus -$0.16.
