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No Pain, No Gain.Week 21 On Stock Market Click to watch.

$0.63 (-1.48%)

Volume: 59.021k

Closed: May 23, 2022

Hollow Logo Score: -0.853

Chembio Diagnostics Stock Forecast

BUY SELL NASDAQ:CEMI
$0.63 (-1.48%)

Volume: 59.021k

Closed: May 23, 2022

Score Hollow Logo -0.853

Chembio Diagnostics Stock Forecast NASDAQ:CEMI

Price Target and Analyst Ratings

Historical Ratings

Date Upside / Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating
2020-06-17 - Benchmark - Downgrades Speculative Buy Hold
2020-06-17 1011.11% Canaccord Genuity $7.00 Downgrades Buy Hold
2020-05-26 3233.33% Baird $21.00 Initiates Coverage On Outperform
2020-04-16 1804.76% Canaccord Genuity $10.00 $12.00 Maintains Buy
2020-04-01 1011.11% Benchmark $4.00 $7.00 Maintains Speculative Buy
2020-03-04 693.65% Benchmark $9.00 $5.00 Maintains Speculative Buy

CEMI Stock Trend

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.

Given the current short-term trend, the stock is expected to fall -34.81% during the next 3 months and, with a 90% probability hold a price between $0.25 and $0.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Data

Date Bottom Mid Top
2022-05-25 $0.37 $0.51 $0.65
2022-05-26 $0.37 $0.50 $0.64
2022-05-27 $0.36 $0.50 $0.63
2022-05-31 $0.36 $0.49 $0.63
2022-06-01 $0.35 $0.49 $0.62
2022-06-02 $0.35 $0.48 $0.62
2022-06-03 $0.34 $0.48 $0.61
2022-06-06 $0.33 $0.47 $0.61
2022-06-07 $0.33 $0.46 $0.60
2022-06-08 $0.32 $0.46 $0.59
2022-06-09 $0.32 $0.45 $0.59
2022-06-10 $0.31 $0.45 $0.58
2022-06-13 $0.31 $0.44 $0.58
2022-06-14 $0.30 $0.44 $0.57
2022-06-15 $0.29 $0.43 $0.57
2022-06-16 $0.29 $0.42 $0.56
2022-06-17 $0.28 $0.42 $0.55
2022-06-21 $0.28 $0.41 $0.55
2022-06-22 $0.27 $0.41 $0.54
2022-06-23 $0.27 $0.40 $0.54
2022-06-24 $0.26 $0.40 $0.53
2022-06-27 $0.25 $0.39 $0.53
2022-06-28 $0.25 $0.38 $0.52
2022-06-29 $0.24 $0.38 $0.51
2022-06-30 $0.24 $0.37 $0.51
2022-07-01 $0.23 $0.37 $0.50
2022-07-05 $0.23 $0.36 $0.50
2022-07-06 $0.22 $0.36 $0.49
2022-07-07 $0.22 $0.35 $0.49
2022-07-08 $0.21 $0.34 $0.48

About Chembio Diagnostics

Chembio Diagnostics Chembio Diagnostics, Inc., together with its wholly-owned subsidiary, Chembio Diagnostic Systems, Inc., develops, manufactures, markets, and licenses rapid point-of-care (POC) diagnostic tests that detect infectious diseases. It offers rapid tests for the detection of HIV and syphilis antibodies. The company’s products include lateral flow rapid HIV tests and Dual Path Platform (DPP) HIV 1/2 Assay Test, which detect antibodies to HIV 1 and 2 wit... Read more

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