Why Is Chembio Diagnostics (NASDAQ: CEMI) The Best Stock Of The Day?

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Chembio Diagnostics is a biotech firm based in Hauppauge, New York that develops powerful diagnostic tools for medical applications the world over. The company keeps a global network of offices to ensure it can serve global clients, working from both Germany and Brazil.

Chembio Diagnostics CEMI 

This time last year, CEMI was trading at about the same price. It has seen a few spikes over that time related to news regarding its research, and it is currently recovering from a selloff earlier in the year.

Why is CEMI Moving?

CEMI stock is currently on the move after Brazil ordered $28M in COVID tests from the firm. The rapid test was verified as commercially viable in the spring, and this massive order boosted investor confidence. Because COVID-19 cases are rising in certain parts of the world, more test orders could occur at any time.

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Data for Chembio Diagnostics as of July 21, 2021

Summary of Chembio Diagnostics as of July 21, 2021:

• Price Change: $2.06 to $4.0
• 52 Week Low: $2.06
• 52 Week High: $8.75
• Market Cap: $49.802M
• P/E Ratio: -
• Dividend Yield: -

Significant Dates for Chembio Diagnostics:

• Next Earnings Date: August 5th, 2021
• Last Earnings Date: -
• Ex-Dividend Date: -
• Dividend Payment Date: -

Technical Data of Chembio Diagnostics as of July 21, 2021:

• RSI: ⮕ 67.7824
• MACD: Signal Line (-0.5347) Under MACD (-0.1691) ⮕ Bearish
• Bollinger Bands: Price ($4.0), 20-Day SMA ($3.2983), Lower Band ($2.0137), Upper Band ($5.0769) ⮕ Neutral

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.