Zomedica Corp (AMEX:ZOM) saw a downside of -0.60% to close Monday at $0.17 after subtracting $0.0 on the day. The 5-day average trading volume is 3,054,700 shares of the company’s common stock. It has gained $0.1770 in the past week and touched a new high 1 time within the past 5 days. An average of 3,266,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,840,860.
ZOM’s 1-month performance is -12.63% or -$0.0178 on its low of $0.1608 reached on 09/15/23. The company’s shares have touched a 52-week low of $0.15 and high of $0.34, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, ZOM has achieved 1.84% or $0.0030 and has reached a new high 6 times. However, the current price is down -50.45% from the 52-week high price.
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Valuation Metrics
ZOM stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.25 while the price-to-book (PB) in the most recent quarter is 0.63.
Zomedica Corp’s quick ratio for the period ended June 29 was 18.86, with the current ratio over the same period at 19.37. In terms of profitability, the gross margin trailing 12 months is 46.89%. The firm’s gross profit as reported stood at $13.65 million against revenue of $18.93 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -0.38% to -$5.25 million, while revenue of -$6.39 million was -21.71% off the previous quarter. Analysts expected ZOM to announce $0 per share in earnings in its latest quarter, but it posted $0. EBITDA for the quarter stood at more than -$5.87 million. ZOM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.3 million, with total debt at $1.42 million. Shareholders hold equity totaling $979.95 million.
Let’s look briefly at Zomedica Corp (ZOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 35.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.82%.
The stock’s 5-day moving average is $0.1693, reflecting a -4.32% or -$0.0075 change from its current price. ZOM is currently trading -9.68% above its 20-day SMA, -17.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -21.48% and SMA200 by-14.87%.
Stochastic %K and %D was 19.45% and 24.43% and the average true range (ATR) pointed at 0.0074. The RSI (14) points at 37.04%, while the 14-day stochastic is at 20.80% with the period’s ATR at 0.0075. The stock’s 9-day MACD Oscillator is pointing at -0.0035 and -0.0073 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zomedica Corp (AMEX: ZOM), Dawson James launched coverage with a Buy rating.
What is ZOM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.44 and a high of $0.44, with their median price target at $0.44. Looking at these predictions, the average price target given by analysts is for Zomedica Corp (ZOM) stock is $0.44.
