Zomedica Corp (AMEX:ZOM) traded at $0.16 at last check on current trade day and made an upward move of 6.66% on its previous day’s price.
Looking at the stock we see that its previous close was $0.15 and the beta (5Y monthly) reads 0.968 with the day’s price range being $0.1505 – $0.1615. In terms of its 52-week price range, ZOM has a high of $0.23 and a low of $0.12. The company’s stock has gained about 4.44% over that past 30 days.
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Zomedica Corp has a market cap of $156.89 million.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 6.26M, with a low of 8.18M and a high of 8.18M. The median projection represents growth squeezing down to 14.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 34.1M, or 35.40% up from figures reported last year.
On the other hand, looking at the outlook for the ZOM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Zomedica Corp (ZOM) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 6.59% off its SMA20 and 7.00% from its 50-day simple moving average. The RSI (14) is pointing at 64.47 while the volatility over the past week is 3.39% and jumps to 3.43% over the past one month. The beta value is 1.04, while the average true range (ATR) is currently pointing at 0.01.
Coming back to Zomedica Corp (AMEX:ZOM), we note that the average 3-month trading volume was 4.28 million, while that of the preceding 10-day period stands at 2.47 million. Current shares outstanding are 979.95 million.
The insiders hold 1.75% of the company’s shares while institutions hold 8.53%. The data shows that short shares as of 2024-07-31, stood at 56.66 million at a short ratio of 24.06. This represents a 577.00 short interest in shares outstanding on 2024-07-31. Shares short fall in July from the previous month at 61.52 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -20.03% down in year-to-date price movement.
