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Strength Seen in Fulgent Genetics (FLGT): Stock Soars 11.6%

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Fulgent Genetics, Inc. (FLGT - Free Report) was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $28.83 –$50.51 in the past one-month time frame, witnessed a sharp increase yesterday.

This move came after the company announced that it will provide COVID-19 testing kits to students as they return to school from this month.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Fulgent Genetics. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

FULGENT GENETIC Price

Fulgent Genetics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Medical Info Systems industry is NextGen Healthcare, Inc. (NXGN - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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