The stock of TOMI Environmental Solutions Inc. (NASDAQ:TOMZ) increased by $0.01 on Friday to finish at $0.93, up 1.09 percent. The last five days have seen an average of 1,688,580 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.4380. The average number of shares traded over the last 20 days was 446,665, while the average volume over the last 50 days totaled 224,566.
TOMZ stock appreciated 33.05% since last month. On 07/20/23, the company’s shares reached a one-month low of $0.6100. The stock touched a high of $1.38 on 02/07/23, after rallying from a low of $0.45 in 52 weeks. The price of TOMZ stock has risen by 89.02% or $0.4380 this year, reaching a new high 12 times. Still, the stock price is down -32.61% from the 52-week high.
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Valuation Metrics
Beta for the stock is -2.64. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.39, the price-to-book (PB) ratio of 1.75.
Financial Health
For the three months ended March 30, TOMI Environmental Solutions Inc.’s quick ratio was 2.40, while its current ratio was 4.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 60.20% percent. TOMI Environmental Solutions Inc.’s EBITDA margin for the year ended March 30 was -30.32%, whereas its operating margin stood at -43.60% for the same period. Based on annual data, it had gross profit of $5.06 million and revenue of $8.34 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TOMZ’s return on assets (ROA) during the last 12 months has been -22.50%. There was a -25.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -29.50%.
Earnings Surprise
According to TOMI Environmental Solutions Inc.’s quarterly financial report for the quarter that ended March 30, it had $0.51 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.58 million, while revenues fell by -27.22% to $2.92 million. It was predicted that TOMI Environmental Solutions Inc.’s quarterly earnings would be -$0.06, but it ended up being -$0.02. EBITDA was -$1.06 million for the quarter. At the end of TOMI Environmental Solutions Inc.’s most recent quarter ended March 30, its liabilities totaled 3.27 million, while its total debt was $0.84 million. Equity owned by shareholders amounts to $19.82 million.
Technical Picture
Here’s a quick look at TOMI Environmental Solutions Inc.’s (TOMZ) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 84.22%, suggesting the stock is Overbought, with a 139.33% historical volatility rate.
The stochastic %K and %D were 47.93% and 50.30% respectively, while the average true range (ATR) was 0.1134. Based on the 14-day stochastic reading of 46.42%, the RSI (14) reading is 77.73%. On the 9-day MACD Oscillator, the stock is at 0.0858, and the 14-day reading is at 0.0968.
Analyst Ratings
Analysts have assigned TOMI Environmental Solutions Inc. (TOMZ) an Buy rating. TOMZ is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TOMZ’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $3.50, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for TOMI Environmental Solutions Inc. (TOMZ) is $3.50.
