Back to top

Image: Bigstock

Chembio Diagnostics (CEMI) Surges: Stock Moves 8.5% Higher

Read MoreHide Full Article

Chembio Diagnostics, Inc. (CEMI - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 51.7% in the past one-month time frame.

The move came after the company received a contract from the Biomedical Advanced Research and Development Authority for the development of Rapid DPP Respiratory Antigen Panel and 510(k) submission of the Rapid DPP SARS-CoV-2 Antigen Test System.

The company has seen a mixed track record when it comes to no estimate revisions over the past few months, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chembio Diagnostics currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the Medical - Products industry is Quidel Corporation (QDEL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Chembio Diagnostics, Inc. (CEMI) - free report >>

Quidel Corporation (QDEL) - free report >>