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.
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%.
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.
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.