Is Biolase (BIOL) Stock A Good Buy At Around 65 Cents Now?

If you are currently on the lookout for options in the medical devices sector then it could be a good move to consider taking a look at the Biolase Inc (NASDAQ:BIOL) stock.

Is Biolase (BIOL) Stock A Good Buy At Around 65 Cents Now?

The company is involved in the manufacturing of dental lasers and in recent times, Biolase’s dental lasers have also been the subject of rising demand. As a result, it is no surprise that the stock has performed impressively over the course of the past year and managed to clock gains of as much as 95.5%.

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In addition to that demand for its dental lasers, the company’s decision to launch its specialist academies has also been a factor behind the optimism about Biolase. That being said, it should be noted that in the past three months, the stock has corrected by 33% and that might have been brought about by a bit of underwhelming performance in the first fiscal quarter. However, it might still be a good idea to keep the stock in the watch lists.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.