Biolase Inc. (NASDAQ:BIOL) traded today at a new 52-week high of $1.37. Approximately 29.1 million shares have changed hands today, as compared to an average 30-day volume of 30.2 million shares.
In the past 52 weeks, shares of Biolase Inc. have traded between a low of $0.21 and a high of $1.37 and is now at $1.05, which is 398% above that low price.
Biolase Inc is a US-based medical device company. It develops, manufactures, markets and sells laser systems in dentistry and medicine. The company also markets, sells and distributes dental imaging equipment, including cone beam digital x-rays and CAD/CAM intraoral scanners. It offers two categories of laser system products i.e. Waterlase (all-tissue) systems and Diode (soft-tissue) systems which allow dentists, periodontists, endodontists, oral surgeons, and other dental specialists to perform a broad range of minimally invasive dental procedures, including cosmetic, restorative, and complex surgical applications. The majority of the company”s revenue comes from the United States.
Based on a current price of $1.05, Biolase Inc. is currently 34.0% above its average consensus analyst price target of $0.69.
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