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Model output · Signal date 2026-10-16

Fulgent Genetics, Inc. (FLGT) Stock Forecast Oct. 16, 2026

Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq

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Rating · 90D ▲ Bullish Exact rating locked
90-day forecast Sign up free to reveal
30-day forecast Total
Rank in coverage Top 35% of 5184 stocks scored
Rank correlation · 90D 47.0% Spearman, 357 dates
Market Cap $545M small-cap · #17 of 29 peers
Summary

Fulgent Genetics, Inc. (FLGT) stock forecast summary

Our AI ranks Fulgent Genetics, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

Fulgent Genetics, Inc. is a small-cap company with a market capitalization of $545M. It ranks number 17 by market capitalization among the 29 Services-Medical Laboratories issuers in our coverage with a current forecast.

For FLGT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 47.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 32.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)

A free account shows the exact forecast, rating and rank of 3 tickers you follow, FLGT included.

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Price

FLGT price chart and AI forecast

FLGT
Cross-section · 2026-10-16

How FLGT ranks among 5184 stocks

90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).

Fundamentals · 2026-06-30

Fulgent Genetics, Inc. (FLGT) fundamentals

Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Medical Laboratories peers listed below that report each metric.

Valuation & Market

MetricFLGTIndustry medianRank
Market Cap $545M $1.04B 17/29
P/B Ratio 0.54x 2.47x 19/22
EPS $-3.20 – –
Book Value/Share $36.40 – –
Revenue/Share $11.77 – –
FCF/Share $-3.77 – –

Profitability & Margins

MetricFLGTIndustry medianRank
ROE -8.4% -9.4% 7/14
ROA -7.8% -10.8% 10/20
ROIC -12.0% -12.9% 12/24
Gross Margin 35.6% 18.1% 6/16
Operating Margin -37.8% -13.4% 15/23
Net Margin -26.1% -7.1% 10/17
EBT Margin -28.5% -12.2% 15/23
Tax Rate 7.5% – –

Financial Health

MetricFLGTIndustry medianRank
Current Ratio 6.34x 3.61x 6/26
Quick Ratio 6.33x 4.51x 3/11
D/E Ratio 0.09x 0.40x 20/22
Financial Leverage 1.09x 1.40x 20/22
Interest Coverage -751.5x -16.6x 20/23
Working Capital $383M $242M 10/26

Cash Flow

MetricFLGTIndustry medianRank
Operating Cash Flow -$84M -$910K 23/27
Free Cash Flow -$104M -$490K 14/17
Capital Spending -$20M -$17M 10/17
FCF/Sales -32.0% 1.5% 13/16
CapEx/Sales 6.2% 4.4% 5/16

Operational Efficiency

MetricFLGTIndustry medianRank
Asset Turnover 0.30x 0.63x 13/18
Receivables Turnover 5.0x 7.0x 15/19
Inventory Turnover 263.1x 7.7x 1/7
Fixed Assets Turnover 2.9x 4.4x 13/17
Days Sales Outstanding 73 days 52 days 5/19
Days Inventory 1 days 48 days 7/7
Payables Period 27 days 54 days 11/14
Cash Conversion Cycle 47 days 55 days 6/6

Income Statement

MetricFLGTIndustry medianRank
Total Revenue $324M $357M 11/19
Operating Income -$122M -$11M 22/26
Net Income -$84M -$20M 15/20
R&D Expense $57M $56M 9/20
SG&A Expense $244M $244M 10/20
Cost of Goods Sold $209M $61M 5/15

Dividend & Shareholder Information

MetricFLGTIndustry medianRank
Shares Outstanding 28M – –

Balance Sheet Highlights (USD millions)

Total Current Assets$455M41.8% of assets
Cash & Short-term Investments$26M2.4% of assets
Accounts Receivable$65M6.0% of assets
Inventory$790K0.1% of assets
Total Liabilities$93M8.6% of assets
Short-term Debt$56M5.2% of assets
Quarterly Financial Reports

FLGT quarterly financials and insider trading

Industry Peers · Services-Medical Laboratories

Fulgent Genetics, Inc. (FLGT) industry peers

Companies classified under the same SEC industry code as Fulgent Genetics, Inc. (Services-Medical Laboratories): 30 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.

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Company 90-Day AI Forecast (Total) Market Cap P/E Ratio P/B Ratio
FLGT Fulgent Genetics, Inc. ▲ $545M – 0.5x
NTRA Natera, Inc. ▲ $56.71B – 31.1x
DGX Quest Diagnostics Inc ▼ $25.94B 25.0x 3.5x
LH Labcorp Holdings Inc. ▼ $25.79B 26.3x 3.0x
GH Guardant Health, Inc. ▲ $21.28B – –
CAI Caris Life Sciences, Inc. ▲ $8.64B 6.4x 14.6x
RDNT Radnet, Inc. ▶ $5.41B – 4.9x
GRAL Grail, Inc. ▲ $5.26B – 2.1x
BLLN Billiontoone, Inc. ▲ $4.63B 338.3x –
VCYT Veracyte, Inc. ▲ $3.47B 37.8x 2.5x
CDNA Caredx, Inc. ▲ $3.31B 35.0x 7.8x
CELC Celcuity Inc. ▲ $2.77B – –
FTRE Fortrea Holdings Inc. ▲ $2.14B – 4.1x
PSNL Personalis, Inc. ▲ $1.67B – 7.1x
FRNM Freenome, Inc. ▶ $1.26B – –
LMRI Lumexa Imaging Holdings, Inc. ▶ $1.04B – 1.7x
CSTL Castle Biosciences Inc ▲ $976M – 2.1x
BDSX Biodesix Inc ▲ $250M – 27.3x
XGN Exagen Inc. ▲ $187M – 15.3x
BNR Burning Rock Biotech Ltd ▲ $139M – 2.4x
SERA Sera Prognostics, Inc. ▼ $80M – 1.3x
CFOR Capforce Inc. ▲ $43M – 0.6x
MDXH Mdxhealth Sa ▲ $20M – –
AMS American Shared Hospital Services ▼ $9M – 0.4x
ADVB Advanced Biomed Inc. ▼ $7M – 0.7x
ACON Aclarion, Inc. ▲ $5M – 0.3x
BGLC Bionexus Gene Lab Corp ▲ $4M – 0.5x
LUDG Ludwig Enterprises, Inc. ▼ $670K – –
FCHS First Choice Healthcare Solutions, Inc. ▼ $260K – –
RNLXY Renalytix Plc ▶ N/A – –

Where FLGT sits on the market map

Industrial Applications and Services · Services-Medical Laboratories
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News

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FAQ

Fulgent Genetics, Inc. (FLGT) stock forecast FAQ

What is the Fulgent Genetics, Inc. (FLGT) stock forecast?

Our AI ranks Fulgent Genetics, Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.

How accurate are Fulgent Genetics, Inc. stock predictions?

For FLGT, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 47.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 32.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report

How often are Fulgent Genetics, Inc. forecasts updated?

Fulgent Genetics, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.

Which companies are Fulgent Genetics, Inc.'s industry peers?

30 issuers in our coverage, FLGT included, share the SEC industry code Services-Medical Laboratories. The largest are: Natera, Inc. (NTRA), Quest Diagnostics Inc (DGX), Labcorp Holdings Inc. (LH), Guardant Health, Inc. (GH), Caris Life Sciences, Inc. (CAI), Radnet, Inc. (RDNT).

This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.