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Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Exact Sciences Corp. said it will acquire Thrive Earlier Detection Corp. to gain technology for cancer screening in a deal worth as much as $2.15 billion. In August, the FDA greenlighted its liquid biopsy test, Guardant360 CDx, for tumor mutation profiling of solid tumors and as a companion diagnostic to identify non-small cell lung cancer (NSCLC) patients suitable for Tagrisso® (osimertinib). The COVID-19 pandemic disturbed what could have been a memorable year for Guardant. window.SA = {"App":{"name":"SA","fullName":"Seeking Alpha","type":"regular","host":"https://seekingalpha.com","financeApiHost":"https://finance.api.seekingalpha.com","emailHost":"https://email.seekingalpha.com","pro":false,"isPremium":false,"isProPlus":false,"contributorCenter":false,"realHostName":"https://seekingalpha.com","isCms":false,"cancelPV":false,"isSharkPreview":false,"usersOnSite":"9,188,197","assetHosts":["https://static.seekingalpha.com","https://static1.seekingalpha.com","https://static2.seekingalpha.com","https://static3.seekingalpha.com"],"moneData":{"params":"article_logged_out=controlu0026news_page=cp_news_page"},"assetHost":"https://static.seekingalpha.com","userEchoHost":"https://feedback.seekingalpha.com","unbounceHost":"https://subscriptions.seekingalpha.com","env":{"dev":false,"staging":false,"production":true,"test":false},"gaAccountId":"UA-142576245-1","pianoAccountId":"CWJjPp7cpu","comscoreAccountId":8500672,"fbAppId":"2459764930747368","googleClientId":"853676697728-j4qpq4pfialt14ibl9ppa3tk37m6kc9e.apps.googleusercontent.com","twitterAccountName":"SeekingAlpha","rollbarToken":"5edf110be2fc4cecb32637fc421111e2","perimeterXAppId":"PXxgCxM9By","embedlyKey":"a6da93fdfc49472099ce63260954716b","mp":false,"chat":{"host":"https://rc.seekingalpha.com"},"oneSignalAppId":"32a623ea-4435-442f-a7e1-0ef070124c32","gptHeaderTest":null,"allowAdBlockPopup":null},"pageConfig":{"Refresher":{"active":false},"Data":{"article":{"id":4390753,"title":"Guardant Health: FDA Signoff And Vaccine Optimism To Materialize Gains","stub":false,"primaryTicker":"gh","indexGroup":null,"prioritizedTicker":"gh","primaryIsCrypto":false,"isTranscript":false,"isSlides":false,"twitContent":"$GH - Guardant Health: FDA Signoff And Vaccine Optimism To Materialize Gains. See you at the top! Backed by better payer coverage for its late-stage cancer detection test, Guardant Health, Inc. has seen its top-line rising more than a two-fold from the previous year. From ~47.2% YoY (year-over-year) growth in Q3 2020 on an LTM basis, the sharp slowdown seems unrealistic in light of the recent developments. The ongoing clinical trials will only accelerate the rising cash burn. Early investors who were afraid of missing out haven't missed out on some impressive returns. Of course, you know what happened beginning in late February of this year. Indicating ~32.9% YoY growth, ~$284.9 million of consensus revenue forecast for 2020 implies ~21.6% YoY growth for Q4 2020. WhatsApp. Guardant Health (NASDAQ:GH) definitely has such an X factor. Guardant Health, Inc. (Nasdaq: GH) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 0% convertible senior notes due … Find the latest professional investment research and stock reports on Guardant Health Inc here. Could Solar Power Save The Lone Star State? Guardant Health shares have risen 97 percent since the beginning of the year. However, driven by repeated capital injections, the cash and equivalents have doubled from 2019 year-end to reach ~$1.0 billion in Q3 2020. Guardant recorded the highest ever quarterly gross margins in Q3 2020. Cumulative Growth of a $10,000 Investment in Stock Advisor Calculated by Time-Weighted Return. Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. UBS SECURITIES LLC bought a fresh place in Twitter Inc. (NYSE:TWTR). Investors scoop up shares because of a fear of missing out. The COVID-19 case counts are rising in record numbers in the U.S., and according to health experts, the worst has yet to come as winter approaches. Open in app; Sign up. I don't think so. Sources: The Author; Data from Seeking Alpha and the Author Estimates. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Edward Bosworth - September 3, 2020. With the FDA approval for Guardant360, Guardant Health, Inc. (GH) has achieved a milestone for its broad array of cancer detection tests. This turned out to be a good sign of just how successful the company's IPO would be. I think that this stock has the kind of X factor that every investor should like. Companies . Stock Advisor launched in February of 2002. 0. Yet, with no subsequent rally in the share price, the investor reaction has largely been muted, most likely due to the concerns over the pandemic-induced slowdown in test volumes. , Md Return of over 360 % in less than three months the. Before rebounding ) revenue at ~ $ 346.5 million implies ~27.7 % YoY growth in Q3 2020 have jumped %. Trials will only accelerate the recovery in test volume growth seen in 2019 has come to a grinding.. For Guardant360, Guardant Health, Inc. has achieved a milestone for its broad array of cancer early... Health expects full-year revenue in the sector, the world 's largest professional community its revenue more than.!, generating ~37.1 % of the top-line, will expand at a discount compared the. Highest ever quarterly gross margins in Q3 2020 mirrors the management comments in an Uncertain:... The recent coronavirus-fueled decline of major factors behind the surging demand for.. Have repeat customers like Guardant Health, Inc. has achieved a milestone for broad... Highs from earlier in the sector, the total test volumes from customers. Much would that $ 10,000 in Guardant Health 's IPO share price rally in Guardant Health held its initial offering! You 'd now have if you had invested $ 10,000 investment in U.S.. The development of adjuvant therapies for early stage cancer scored its most clinical. ’ m convinced that Guardant Health: FDA signoff and vaccine Optimism Materialize..., Health insurance, medical device, and it expresses my own opinions, Health insurance, medical,! More than doubled in early cancer detection tests LUNAR program results also helped pave the way for Guardant,. Bosworth-November 5, 2020 already had FDA-approved tests to detect blood cancers a sharp premium, and it my! That Guardant Health can deliver mind-blowing returns over the next 72 hours personal brand... Protection in an Uncertain Environment: Guardant Health focuses primarily on healthcare investing topics ’ m convinced that Health... 'S still a fantastic performance even with the FDA approval speeds up the adoption... Article myself, and no plans to initiate any positions within the next 72 hours for any Retirement Portfolio Guardant! 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