Is Biolase a Winner in the Medical Device Industry?

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However, the stock has retreated 33% over the past three months. This price retreat can be attributed to the company’s mixed financial performance in the first quarter. BIOL is currently trading 52.6% below its $1.51, 52-week high, indicating short-term bearishness. Although the company has been investing heavily to develop more advanced dental lasers for endodontists, its bleak fundamentals make its growth prospects uncertain.

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