24.3 F
New York
Monday, January 25, 2021

BIOLASE Inc. (NASDAQ:BIOL) Stock is Soaring, Here is Why

Must read

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Extends Rally On NASDAQ’s Uplisting Optimism

It is often seen that any plans of uplisting a stock to a larger stock exchange lead to a significant boost to...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Stock is on a Tear. Buy, Sell, or Hold?

Solar power has grown in popularity in recent years owing to a definite shift towards clean energy. Solar Integrated Roofing Corp (OTCMKTS:SIRC)...

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

BIOLASE Inc. (BIOL) shares are trading at higher $0.30 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $0.96 and the low is $0.21. Over the last 52 weeks, BIOL is down -41.11% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BIOL reported a profit of $2.27 million. BIOLASE Inc. also saw revenues increase to $6.54 million. In addition, BIOL has free cash flow of -$11.53 million as of 09-2020. The company’s EBITDA came in at -$3.46 million which compares well with its peers.

BIOL Return on Assets is -108.10%. All told, it is clear that, BIOL needs to be on your watchlist.

Find out when BIOL reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BIOL has a short ratio of 0.31 and outstanding shares of 93.01M.

Company Outlook

BIOL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12.72 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.50. BIOLASE Inc. BIOL also noted assets of $42.0 million at the end of the last quarter. Investors should also keep an eye on sector updates as BIOL has historically followed its peers on positive news.

All told, BIOLASE Inc. BIOL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BIOL 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.

BIOLASE Inc. BIOL is now commanding a market cap of 27.73M and a float of 84.30M. BIOL 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 BIOL 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 BIOL, either long or short, and we have not been compensated for this article.

Latest article

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attempts To Rebound On Bullish Note

While the remarkable rally in Bitcoin has led to breathless speculation about its long term price, the recent rally in Grayscale Ethereum...

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...