FLGT stock price remains in a downtrend. FLGT stock currently hovers around $31.4 The price is currently at $38.5 and is moving down. $16 is the next strong resistance.
Fulgent Genetics, a company offering genetic testing services, is something I closely follow as a stock-market expert. FLGT has a growing niche industry because of the COVID-19 epidemic.
FLGT is a leader in genetic testing. Their main goal is to create tests that can detect disease and disorders based upon a patient’s genes. This is crucial in light of the increasing number of genetic-based conditions.
FLGT’s agility and ability to pivot quickly are two of its most impressive characteristics. FLGT developed a test to quickly detect COVID-19, which allowed them expand their revenue streams as well as capitalize on the unexpected increase in testing demand. FLGT’s fast response shows its strong culture of innovation and team – essential ingredients for long-term success in genetic testing.
FLGT is also distinguished by its use of modern technology. Picture Genetics, a unique platform created by FLGT, allows patients to order their genetic tests online and receive the results promptly and accurately. This platform is accessible and user-friendly, giving patients all they need to make informed healthcare decisions.
Overall, FLGT has a bright future within the genetic testing industry. The company’s commitments to innovation and agility as well as technology make it well-positioned for the increasing demand for genetic test services. Like any investment decision there are risks. As an expert stock market analyst, I advise investors that they do their research and fully assess FLGT’s financials and business strategy prior to making any investment decisions.
