Will BIOLASE Inc (NASDAQ:BIOL) Continue To Gain Momentum?

BIOLASE Inc (NASDAQ:BIOL) stock continued to move higher on Tuesday. It needs to Break Fridays high to keep going.

Market Action

On Tuesday, BIOL stock was in action and gained 5.38% or $0.0380 to close at $0.7438. Total volume was 3.98 million shares, below its average volume of 7.50million shares.

BIOL Recent News

On May 13, 2021 – BIOLASE Reports 70% Revenue Growth In First Quarter 2021; Continued High Demand From New Users For Dental Lasers

  • Net revenue for the first quarter of 2021 was $8.1 million, an increase of 70% compared to net revenue of $4.7 million for the first quarter of 2020, which was the first quarter impacted by the COVID-19 pandemic.
  • U.S. laser revenue was $2.9 million for the first quarter of 2021, up 200% when compared to U.S. laser revenue of $1.0 million for the first quarter of 2020.
  • Gross margin for the first quarter of 2021 was 34%, compared to 29% for the first quarter of 2020.
  • Net loss for the first quarter of 2021 was $6.9 million, or $0.06 per share, compared to a net loss of $6.0 million, or $0.19 per share, for the first quarter of 2020.
  • Cash, cash equivalents, and restricted cash totaled $41.0 million as of March 31, 2021.

Trader Notes

Share Information

SHARES OUTSTANDING150.56 M
SHARE FLOAT (%)142.63 M (94.74%)
% HELD BY INSTITUTIONS17.25

Recent Stock Performance

5-DAY PERF.+19.60%
1-MONTH PERF.+4.76%
3-MONTH PERF.-32.99%
6-MONTH PERF.+166.98%
YTD PERF.+78.50%
1-YEAR PERF.+95.48%

Moving Averages

+/- EMA(20)0.71 (+4.23%)
+/- SMA(50)0.82 (-9.76%)
+/- SMA(200)0.59 (+25.42%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3
Classic0.64770.66940.70660.72830.76550.78720.8244
Fibonacci0.66940.69190.70580.72830.75080.76470.7872

Related Posts

About The Author