Zomedica Corp (AMEX: ZOM) stock jumped 2.26% on Friday to $0.17 against a previous-day closing price of $0.16. With 2.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.42 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $0.1685 whereas the lowest price it dropped to was $0.1630. The 52-week range on ZOM shows that it touched its highest point at $0.34 and its lowest point at $0.15 during that stretch. It currently has a 1-year price target of $0.44. Beta for the stock currently stands at 0.94.

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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 down-trending over the past week, with a drop of -7.17%, but this was down by -1.71% over a month. Three-month performance dropped to -11.82% while six-month performance fell -18.49%. The stock lost -24.70% in the past year, while it has gained 2.52% so far this year. A look at the trailing 12-month EPS for ZOM yields -0.02 with Next year EPS estimates of -0.01. For the next quarter, that number is 0.00. This implies an EPS growth rate of 50.00% for this year and 0.00% for next year.

Float and Shares Shorts:

At present, 979.95 million ZOM shares are outstanding with a float of 964.81 million shares on hand for trading. On Oct 30, 2023, short shares totaled 62.89 million, which was 6.42% higher than short shares on Sep 28, 2023. In addition to Mr. Larry C. Heaton II as the firm’s President, CEO & Director, Mr. Adrian Lock serves as its VP, GM & Head of Sales.

Institutional Ownership:

Other institutions hold 6.22% of ZOM, in contrast to 2.33% held by mutual funds. Shares owned by individuals account for 1.71%. As the largest shareholder in ZOM with 4.94% of the stake, The Vanguard Group, Inc. holds 48,437,481 shares worth 48,437,481. A second-largest stockholder of ZOM, BlackRock Fund Advisors, holds 10,390,650 shares, controlling over 1.06% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in ZOM, holding 9,640,982 shares or 0.98% stake. With a 3.44% stake in ZOM, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 33,687,896 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.36% of ZOM stock, is the second-largest Mutual Fund holder. It holds 13,318,083 shares valued at 2.24 million. Fidelity Extended Market Index Fu holds 0.52% of the stake in ZOM, owning 5,134,462 shares worth 0.86 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZOM since 0 analysts follow the stock currently. 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 $0.44 and a low target of $0.44, the average target price over the next 12 months is $0.44. Based on these targets, ZOM could surge 158.82% to reach the target high and rise by 158.82% to reach the target low. Reaching the average price target will result in a growth of 158.82% from current levels.

Summary of Insider Activity:

Insiders traded ZOM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 400,000 while 0 shares were sold.

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