Chembio Stock Price on July 2, 2022 Breakdown


USD 0.87  0.06  7.41%   

As of today, the current price of Chembio Diagnostics is  0.87 , as last reported on the 18th of August 2022, with the highest price reaching  0.90  and the lowest price hitting  0.86  during the day.
Chembio Diagnostics appears to be out of control, given 3 months investment horizon. Chembio Diagnostics secures Sharpe Ratio (or Efficiency) of 0.084, which signifies that the company had 0.084% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Chembio Diagnostics technical indicators you can presently evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of Chembio Diagnostics' risk adjusted performance of 0.1409, and Mean Deviation of 4.85 to double-check if our risk estimates are consistent with your expectations.
The current Net Income Common Stock is estimated to decrease to about (34.8 M). Chembio Diagnostics Price to Book Value is most likely to increase slightly in the upcoming years. The preceding year's Price to Book Value was reported at 1.00. The current Price to Sales Ratio is estimated to increase to 0.59, while Price to Earnings Ratio are projected to decrease to (0.83) . Chembio Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
28.5 M
Shares Outstanding
30.2 M
Shares Short Prior Month
1.5 M
Earnings Share
Shares Short
1.5 M
Revenue Per Share

Chembio Diagnostics Main Headline on 29th of June 2022

Filed transaction by Chembio Diagnostics Inc director. Grant, award or other acquisition pursuant to Rule 16b-3(d)

Chembio Diagnostics Valuation on July 2, 2022

It is possible to determine the worth of Chembio Diagnostics on a given historical date. On July 2, 2022 Chembio was worth 0.65 at the beginning of the trading date compared to the closed value of 0.63. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Chembio Diagnostics stock. Still, in general, we apply an absolute valuation method to find Chembio Diagnostics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Chembio Diagnostics' related companies.
 Open High Low Close Volume
  0.67    0.68    0.64    0.65    22,300  
  0.65    0.66    0.63    0.63    25,200  
  0.65    0.66    0.64    0.65    37,403  
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Open Value 0.65
Closing Value

Chembio Diagnostics Trading Date Momentum on July 2, 2022

On June 30 2022 Chembio Diagnostics was traded for  0.65  at the closing time. The top price for the day was 0.66  and the lowest listed price was  0.64 . The trading volume for the day was 37.4 K. The trading history from June 30, 2022 was a factor to the next trading day price rise. The overall trading delta against the next closing price was 3.17% . The overall trading delta against the current closing price is 31.75% .

Chembio Diagnostics Fundamentals Correlations and Trends

By evaluating Chembio Diagnostics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Chembio Diagnostics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Chembio financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Chembio Diagnostics Stock history

Chembio Diagnostics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Chembio is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Chembio Diagnostics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Chembio Diagnostics historical stock prices may prove useful in developing a viable investing in Chembio Diagnostics
Last ReportedProjected for 2022
Weighted Average Shares24.3 M20.2 M
Weighted Average Shares Diluted24.3 M20.3 M
Issuance Purchase of Equity Shares38.9 M42 M
Chembio Diagnostics, Inc., together with its subsidiaries, develops, manufactures, and commercializes point-of-care diagnostic tests that are used to detect or diagnose diseases. Chembio Diagnostics, Inc. was founded in 1985 and is headquartered in Hauppauge, New York. Chembio Diagnostics operates under Diagnostics Research classification in the United States and is traded on NASDAQ Exchange. It employs 337 people.

Chembio Diagnostics Quarterly Market Capitalization

19.64 Million

Chembio Diagnostics Stock Technical Analysis

Chembio Diagnostics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Chembio Diagnostics technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Chembio Diagnostics trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Chembio Diagnostics Period Price Range

June 29, 2022





Chembio Diagnostics August 18, 2022 Market Strength

Market strength indicators help investors to evaluate how Chembio Diagnostics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Chembio Diagnostics shares will generate the highest return on investment. By undertsting and applying Chembio Diagnostics stock market strength indicators, traders can identify Chembio Diagnostics entry and exit signals to maximize returns

Chembio Diagnostics Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Chembio stock's direction in advance. Along with the technical and fundamental analysis of Chembio Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Chembio to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Continue to Trending Equities. Note that the Chembio Diagnostics information on this page should be used as a complementary analysis to other Chembio Diagnostics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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When running Chembio Diagnostics price analysis, check to measure Chembio Diagnostics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chembio Diagnostics is operating at the current time. Most of Chembio Diagnostics' value examination focuses on studying past and present price action to predict the probability of Chembio Diagnostics' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Chembio Diagnostics' price. Additionally, you may evaluate how the addition of Chembio Diagnostics to your portfolios can decrease your overall portfolio volatility.
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Is Chembio Diagnostics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chembio Diagnostics. If investors know Chembio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chembio Diagnostics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
25.6 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Chembio Diagnostics is measured differently than its book value, which is the value of Chembio that is recorded on the company's balance sheet. Investors also form their own opinion of Chembio Diagnostics' value that differs from its market value or its book value, called intrinsic value, which is Chembio Diagnostics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chembio Diagnostics' market value can be influenced by many factors that don't directly affect Chembio Diagnostics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chembio Diagnostics' value and its price as these two are different measures arrived at by different means. Investors typically determine Chembio Diagnostics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chembio Diagnostics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.