Does Fulgent Genetics Inc. (NASDAQ:FLGT) have hidden weakness?


Fulgent Genetics Inc. (NASDAQ:FLGT)‘s current stock price of $4.94 indicates a change of -1.00% from the previous session.

While the equity is currently trading close to $4.94, analysts on the average expect the stock trading around of $11.38 in the next 12 months.

Analyzing historical, you can note that the stock’s high over the last 12-months is $-64.46% and its lowest over the comparable period is $10.10%.

Let’s look into the stock charts:

The Barchart Technical Opinion rating is a 96% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

The average closing price of the equity for the last 20 days, or termed as 20-day simple moving average, is $-23.41%. For the previous 50 days and 200 days, the equity?s closing has averaged $-44.31% and $-51.07%, respectively.

Pertaining to volatility measurement, we can note that Fulgent Genetics Inc.’s weekly volatility is 9.53%, while its monthly volatility is 6.19%.

Furthermore, the stock’s ATR (average true range) is 0.48. ATR calculates the degree of a stock’s price volatility.

Coming to stock performance, find the scorecard of Fulgent Genetics Inc.’s stock price action for the previous one week going back to the preceding one year. The stock has moved -20.32%% in the last, while it has moved -33.06% in the past one month.

The stock has moved -55.29% over the past 3-months of one quarter. So far in this year, the stock has moved -57.30%,

Other than equity performance, where does Fulgent Genetics Inc. stand financially? The firm closed the previous quarter with cash balance of 6.73M%, bringing its total assets at the close of the quarter to $58.82M.