The stock price of Zomedica Corp (AMEX: ZOM) has plunged by -1.87 when compared to previous closing price of 0.14, but the company has seen a -2.30% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-08-22 that Increased functionality makes the VETGuardian system a must have for veterinarians ANN ARBOR, MI / ACCESSWIRE / August 22, 2024 / Zomedica Corp. (NYSE American:ZOM) (“Zomedica” or the “Company”, a veterinary health company offering point-of-care diagnostics and therapeutic products for equine and companion animals, announced the introduction of advanced audio capabilities for its VETGuardian Zero-touch remote vital signs monitoring system, poised to revolutionize remote patient monitoring in veterinary medicine. These cutting-edge features include real-time audio streaming, recorded playback functionality, and customizable alerts, empowering veterinarians with unparalleled insights into animal health through auditory data.
Is It Worth Investing in Zomedica Corp (AMEX: ZOM) Right Now?
The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ZOM is 962.71M, and at present, short sellers hold a 5.89% of that float. On August 26, 2024, the average trading volume of ZOM was 3.30M shares.
ZOM’s Market Performance
ZOM stock saw a decrease of -2.30% in the past week, with a monthly decline of -11.00% and a quarterly a decrease of -23.89%. The volatility ratio for the week is 4.11%, and the volatility levels for the last 30 days are 3.67% for Zomedica Corp (ZOM). The simple moving average for the last 20 days is -8.32% for ZOM stock, with a simple moving average of -11.94% for the last 200 days.
Analysts’ Opinion of ZOM
Many brokerage firms have already submitted their reports for ZOM stocks, with Dawson James repeating the rating for ZOM by listing it as a “Buy.” The predicted price for ZOM in the upcoming period, according to Dawson James is $6 based on the research report published on January 06, 2023 of the previous year 2023.
ZOM Trading at -8.99% from the 50-Day Moving Average
After a stumble in the market that brought ZOM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -41.38% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 4.11%, as shares sank -10.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.37% lower at present.
During the last 5 trading sessions, ZOM fell by -1.68%, which changed the moving average for the period of 200-days by -30.16% in comparison to the 20-day moving average, which settled at $0.1453. In addition, Zomedica Corp saw -33.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZOM starting from Blair Anthony K, who purchase 100,000 shares at the price of $0.14 back on Aug 20 ’24. After this action, Blair Anthony K now owns 250,000 shares of Zomedica Corp, valued at $14,200 using the latest closing price.
Klass Russell Kevin, the Vice President of Sales of Zomedica Corp, purchase 299,993 shares at $0.16 during a trade that took place back on Jun 12 ’24, which means that Klass Russell Kevin is holding 2,000,050 shares at $46,529 based on the most recent closing price.
Stock Fundamentals for ZOM
Current profitability levels for the company are sitting at:
- -1.41 for the present operating margin
- 0.54 for the gross margin
The net margin for Zomedica Corp stands at -2.15. The total capital return value is set at -0.17. Equity return is now at value -23.92, with -22.64 for asset returns.
Based on Zomedica Corp (ZOM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -9.62. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 128.1.
Currently, EBITDA for the company is -25.29 million with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 4.77. The receivables turnover for the company is 12.38for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.39.
Conclusion
To sum up, Zomedica Corp (ZOM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
