BIOL 235% v80,9M c.804 f31,5M H.96 late morning bu
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Posted On: 04/08/2020 4:13:52 PM
BIOL 235% v80,9M c.804 f31,5M H.96 late morning bull rush pushed from .22 to .86 few back to .52 then hit HOD. Has news
Coronavirus Penny Stocks #1: Biolase Inc.
Right before the lunch hour, shares of Biolase Inc. (BIOL-Free Report) started seeing erratic volume. Not only did the penny stock shoot up, it was also halted due to the volatility. Meanwhile, investors searching for a potential catalyst likely found one quickly in Biolase’s latest update.
The company announced a partnership with an ICU equipment maker, Mekics, to manufacture ventilators. Obviously, this was in response to the growing need caused by COVID-19. Biolase reported that it received FDA Authorization for emergency use during the pandemic. Again, this headline is based on a partnership deal with another company. Biolase’s official business model, however is still along the same lines of a company that would host a product like this.
The company focuses on developing and supplying medical devices. It also sell dental imaging equipment and laser systems mainly geared toward dentists. In its most recent quarterly report, the company reported an 18% increase in sequential net revenue. Furthermore, Biolase improved its operating loss by $3.5 million on a year-over-year basis. In regard to this latest development, there wasn’t much more as far as early details are concerned. So it will be interesting to see what happens or if there will be a follow-up to this latest event. After reaching highs of $0.90, the volatility has definitely picked up so if BIOL is on your list of penny stocks, you may be in for a wild ride.
Coronavirus Penny Stocks #1: Biolase Inc.
Right before the lunch hour, shares of Biolase Inc. (BIOL-Free Report) started seeing erratic volume. Not only did the penny stock shoot up, it was also halted due to the volatility. Meanwhile, investors searching for a potential catalyst likely found one quickly in Biolase’s latest update.
The company announced a partnership with an ICU equipment maker, Mekics, to manufacture ventilators. Obviously, this was in response to the growing need caused by COVID-19. Biolase reported that it received FDA Authorization for emergency use during the pandemic. Again, this headline is based on a partnership deal with another company. Biolase’s official business model, however is still along the same lines of a company that would host a product like this.
The company focuses on developing and supplying medical devices. It also sell dental imaging equipment and laser systems mainly geared toward dentists. In its most recent quarterly report, the company reported an 18% increase in sequential net revenue. Furthermore, Biolase improved its operating loss by $3.5 million on a year-over-year basis. In regard to this latest development, there wasn’t much more as far as early details are concerned. So it will be interesting to see what happens or if there will be a follow-up to this latest event. After reaching highs of $0.90, the volatility has definitely picked up so if BIOL is on your list of penny stocks, you may be in for a wild ride.
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The majority of my post are the top 20% gainer! To decode them its (ticker ID, % Changed, Volume, Close price and Float) I typically put V,C&F as a prefix to that number and use K, M and B as a suffix (Kilo, Million & Billion) for volume and float. I may also use S for Support and R for Resistance.
I (Znewcar1) do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
I (Znewcar1) do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.