Genmark is a small diagnostics company out of Carlsbad, CA. They have Northwell Hospitals (New York's largest healthcare provider) and Lab Corp as clients. They have over 1000 machines already installed and those machines can do 100-200 tests per day ($100-150 per test). Working full throttle, they can do $30mil worth of tests PER DAY (if they can produce enough kits). They only do $27Mil per Q (right now) and have analyst target of $8-11 even without the COVID tests. Currently trading at $4.50.
They received approval of their COVID tests 2 weeks ago and were the 3rd to receive approval. They rocketed 100% on that day but has since lost most of that gain. Since tests are and will continue to be vital for sometime, it is one of my favorite plays right now. Beautiful technical chart right now, too.
McDee
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