Is Exact Sciences Stock a Buy?
Shares of cancer diagnostics leader Exact Sciences (NASDAQ: EXAS) rose higher last week after delivering mixed results on its first-quarter earnings report on May 6. Investors liked what they saw even with the slight impact on sales from COVID-19. Revenue improved by 115% to $348 million year over year and the company posted a net loss of $105.7 million, or $0.71 per share.
The stock is down more than 9% year to date, underperforming both the Virtus LifeSci Biotech Products ETF and SPDR S&P Biotech ETF. The company is one of the many health stocks hit hard by the market plunge in March. Down 16% since its February high, can investors expect this stock to climb back up?
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Source Fool.com
