FLGT - Why Fulgent Genetics Is a Great Stock to Buy Right Now
Buying shares of a fast-growing company only to see its stock nearly cut in half can bring a lot of tears. But investors can overcome short-term fears by taking a closer look at the business. If everything is on track with sales and profits, it's much easier to ignore the day-to-day or even month-to-month gyrations in the market.
That's the story of Fulgent Genetics (NASDAQ: FLGT) over the past few months. The stock is off nearly 50% since its all-time high in February, but its results in 2020 and guidance for 2021 should give shareholders plenty to look forward to over a longer time horizon. The incredible growth last year demonstrated the company's ability to scale up quickly, and new partnerships have it positioned to deliver for shareholders in the years ahead.
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Why Fulgent Genetics Is a Great Stock to Buy Right Now