Prepare Yourself for Liftoff: Zomedica Corp. (ZOM)

Zomedica Corp. (AMEX: ZOM) stock fell -0.99% on Friday to $0.28 against a previous-day closing price of $0.28. With 9.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.6 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $0.2850 whereas the lowest price it dropped to was $0.2720. The 52-week range on ZOM shows that it touched its highest point at $0.50 and its lowest point at $0.15 during that stretch. It currently has a 1-year price target of $6.00. Beta for the stock currently stands at 0.82.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZOM was up-trending over the past week, with a rise of 11.64%, but this was up by 66.97% over a month. Three-month performance surged to 32.86% while six-month performance rose 3.91%. The stock lost -16.96% in the past year, while it has gained 71.17% so far this year. A look at the trailing 12-month EPS for ZOM yields -0.02 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.01. This implies an EPS growth rate of 58.60% for this year and -750.00% for next year.


Float and Shares Shorts:

At present, 979.95 million ZOM shares are outstanding with a float of 965.42 million shares on hand for trading. On Oct 13, 2022, short shares totaled 89.39 million, which was 9.12% higher than short shares on Sep 14, 2022. In addition to Mr. Larry C. Heaton II as the firm’s Pres & CEO, Ms. Ann Marie Cotter CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 9.89% of ZOM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.26% of ZOM, in contrast to 3.17% held by mutual funds. Shares owned by individuals account for 1.58%. As the largest shareholder in ZOM with 4.69% of the stake, The Vanguard Group, Inc. holds 45,958,497 shares worth 45,958,497. A second-largest stockholder of ZOM, BlackRock Fund Advisors, holds 11,286,029 shares, controlling over 1.15% of the firm’s shares. Cambridge Investment Research Adv is the third largest shareholder in ZOM, holding 11,192,160 shares or 1.14% stake. With a 3.42% stake in ZOM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 33,520,591 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.38% of ZOM stock, is the second-largest Mutual Fund holder. It holds 13,497,669 shares valued at 2.2 million. Fidelity Extended Market Index Fu holds 0.53% of the stake in ZOM, owning 5,147,740 shares worth 0.84 million.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZOM since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZOM analysts setting a high price target of $6.00 and a low target of $6.00, the average target price over the next 12 months is $6.00. Based on these targets, ZOM could surge 2042.86% to reach the target high and rise by 2042.86% to reach the target low. Reaching the average price target will result in a growth of 2042.86% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ZOM will report FY 2022 earnings on 02/28/2024. Analysts have provided yearly estimates in a range of -$0.02 being high and -$0.02 being low. For ZOM, this leads to a yearly average estimate of -$0.02. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.

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