Should You Buy Fulgent Genetics Stock in March?
Many stocks had an amazing year in 2020 by helping the world face the pandemic. Some were unproven biotechs, working on drugs to help defeat the virus. Others were diagnostics companies, developing tests to identify infections. As we approach spring and the world eagerly eyes a summer without social distancing, it is time to separate the companies that will fade into the background as COVID-19 wanes from those whose underlying businesses will fuel continued growth in 2021 and beyond.
Fulgent Genetics (NASDAQ: FLGT) is one of last year's winners primed for continued growth. The company just reported an amazing year, and its core genetics testing business is ready to pick up the torch when COVID-19 testing declines. The company has added volume much faster than expenses, and that one-two punch could make Fulgent stock a buy for investors who can withstand the volatility.
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Source Fool.com
