60 F
New York
Friday, May 7, 2021

Abbott [NYSE: ABT] Receives FDA Approval For 15 Minute COVID-19 Test

Must read

Coinbase Pro Announces it will be Listing Internet Computer’s ICP

Coinbase Pro cryptocurrency exchange has disclosed that it has decided to list ICP once it goes live. ICP is the governance token of the...

WISeKey [NASDAQ: WKEY] Gets Investment to finance its TrustNFT.IO NFT Platform

WISeKey International Holding AG disclosed Friday that it has inked a term-sheet to enter into an unsecured short-term loan and the issuance and...

Moderna [NASDAQ: MRNA] Inks Supply Agreement with Switzerland

Moderna, Inc. disclosed that it has inked a supply agreement on Thursday with the Swiss Federal Government. As per the agreement, Moderna Inc...

TeraBlock Will Have its Own BSCPad IDO Soon

TeraBlock which is a project making a platform for automated cryptocurrency portfolio management disclosed that it is preparing for an initial DEX offering (IDO)...

Abbott Laboratories [NYSE: ABT] disclosed it has received the emergency use authorization of FDA for the COVID-19 test. The new test can deliver results in only 15 minutes.

BinaxNOWTM is a fast and rapid test for the detection of COVID-19 infection. BinaxNOWTM is highly portable and affordable. Abbott has decided to sell this test is $5.

Shares of Abbott soared 0.70%, or up +0.72 during the trading of Wednesday. It has a closing price of $103.19. ABT has a day low and high range of $101.26-$103.29, respectively.

It had recorded the trading volume of 2.97 million as compared to the average volume of 5.05 million. If we look at its profitability, it has return on assets (ROA) of 4.60%, return on investment (ROI) of 8.20% and return on equity (ROE) of 10.10%.

Abbott Laboratories has a Gross Margin of 57.70%, a Profit Margin of 9.90%, and an Operating Margin of 12.80%. Turing our focus on its liquidity, its current ratio is 1.60.

Similarly, its quick ratio is 1.10, and the debt to equity ratio is 0.64. This company has a long term to equity ratio is 0.59.

Furthermore, ABT has reported the sales of 31.44 billion and has a market capitalization of 181.33 billion.

In the past 52-weeks of trading, this company’s stocks have changed between the low range of $61.61 and a high range of $103.23.

Hence, its shares have increased by 67.49%, and decreased by 0.04% from its 52-weeks low and high range, respectively. Now if we look at its new rapid test, it is paired up with mobile app NAVICATM.

Furthermore, it worked like a secure digital boarding pass that can be scanned to enter organizations and the other places where people gather.

Data submitted to FDA disclosed that the BinaxNOW COVID-19 Ag Card exhibited a sensitivity of 97.1% (positive percent agreement).

It also showed the specificity of 98.5% (negative percent agreement) in patients with COVID-19 by health carer within 7 days of symptoms onset.

More articles

Latest article

Why Chiasma [NASDAQ: CHMA] Stock is Skyrocketed?

Shares of Chiasma, Inc. surged 46.48% during the trading session of Wednesday. Chiasma has disclosed the financial results for the Q1 completed March...

NeoGenomics [NASDAQ: NEO] Announces Acquisition of Inivata Ltd

NeoGenomics, Inc. revealed Wednesday that it has decided to purchase Inivata Ltd. Inivata will grow into a liquid biopsy-centered division together with increasing...

R1 RCM [NASDAQ: RCM] Announces Acquisition of VisitPay

R1 RCM Inc. disclosed Tuesday that it has decided to purchase VisitPay. The firm has inked an agreement to buy VisitPay for nearly...

Binance Coin Makes History as its Market Cap Reach $100 Billion

The market capitalization of Binance set new records as the exchange token of Binance and the native asset of Binance Smart Chain (BSC) touched...

Precipio [NASDAQ: PRPO] Roll Out Rapid COVID-19 Antibody test on Amazon Platform

Shares of Precipio, Inc. skyrocketed 40.35% during the trading session of Monday. The strong performance of the firm has highlighted the positive sentiments...

TechX Ink Deal to Buy Fiat-to-Crypto Merchant Services Gateway XPort Digital

TechX Technologies Inc disclosed Monday that it has bought fiat-to-crypto merchant services gateway XPort digital. The firm has bought a 100% stake in XPort...

Lockheed [NYSE: LMT] Present F-35 Best and Final Offer to Finnish Government

Lockheed Martin Corporation disclosed that it has presented F-35 best and final offer (BAFO) on April 29, 2021, to the Finnish government. It...

Clene [NASDAQ: CLNN] Gets Two Patent Notice of Allowances

Clene Inc. disclosed that Clene Nanomedicine, Inc. U.S. Patent and Trademark Office has provided Notices of Allowance for two significant patent applications. Clene...