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 OUTSTANDING | 150.56 M |
| SHARE FLOAT (%) | 142.63 M (94.74%) |
| % HELD BY INSTITUTIONS | 17.25 |
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
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.6477 | 0.6694 | 0.7066 | 0.7283 | 0.7655 | 0.7872 | 0.8244 |
| Fibonacci | 0.6694 | 0.6919 | 0.7058 | 0.7283 | 0.7508 | 0.7647 | 0.7872 |
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