Stock FAQs

why is zom stock up

by Walton Ryan Published 3 years ago Updated 2 years ago
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The rally in ZOM stock was driven by optimism about the success of its diagnostic device called Truforma. While still speculative, investors bet that Truforma would be a game-changer product. Truforma is a point-of-care device meant to be used by veterinary doctors. The platform would help detect thyroid and adrenal diseases in pets.

Full Answer

Who buys zomedica (Zom) stock?

7 hours ago · Zoom closed the trading session up by 11.6%. So what. On Thursday, Zoom said it struck a deal to acquire Solvvy, which owns an artificial intelligence-powered automation platform for customer support.

Where can I buy shares of Zom?

Zomedica Announces First Quarter 2022 Revenues of $3.8 Million; 74% Gross Margin & $192.3 Million in Cash; Revenue up 38% from 2021 Combined Revenues. All …

Will zomedica stock outperform or underperform the S&P 500 over the long term?

Apr 24, 2022 · Zomedica's stock was trading at $0.2078 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ZOM shares have increased by 15.5% and is now trading at $0.24. View which stocks have been most impacted by COVID-19.

Is Zom a buy or sell in 2020?

Feb 04, 2021 · As part of this, Zomedica plans to launch sales on March 30, meaning that a huge catalyst for ZOM stock is just a few weeks away. Through the deal with Miller, Truforma will end up in the hands of ...

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Why is Zomedica stock going up?

Investors are excited about Zomedica's sales primarily because of one reason: They're growing. In the prior-year period, the company didn't generate any revenue at all. Zomedica barely had any sales during the first three quarters of 2021. The difference-maker was the company's acquisition of PulseVet last October.Feb 28, 2022

Will ZOM stocks go back up?

There is potential for a short term uptick in the Zom stock price, especially as the active weekly candle is mildly bullish. The relative strength index is relatively oversold and has been for quite some time. A mild divergence also supports the notion of a slight recovery in the Zom stock price in the near term.Feb 4, 2022

Is ZOM stock a good buy?

In the final analysis, ZOM stock is highly risky and best suited for speculative traders. Yet it's possible that retail traders will bid the stock up in 2022. And if they abandon Zomedica, it would be a dog-gone shame.Jan 7, 2022

Is Zomedica a good long-term investment?

Moreover, during the nine months that ended on Sept. 30, 2021, Zomedica reported $52,331 of revenue and a net earnings loss of $15.1 million. Clearly, its current financial performance won't be sustainable for the long-term.Jan 7, 2022

Will Bionano Genomics stock go up?

Stock Price Forecast

The 3 analysts offering 12-month price forecasts for Bionano Genomics Inc have a median target of 8.00, with a high estimate of 12.00 and a low estimate of 6.00. The median estimate represents a +469.40% increase from the last price of 1.41.

Is Castor Maritime a buy?

Castor Maritime Inc.

finds support from accumulated volume at $1.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Why is ZOM dropping?

CEO Robert Cohen said the move was precipitated by "changes at our current distributor that we believe have impacted its ability to market our products effectively." Those words likely startled investors, many of whom decided to sell their shares. Zomedica's stock price dropped sharply on Thursday.Apr 15, 2021

Is Zomedica undervalued?

InvestorPlace's Mark Hake estimates Zomedica (NYSEAMERICAN:ZOM) is worth between $1.11 and $1.61 a share. That makes ZOM stock a buy at current prices.Jun 28, 2021

How high does IDEX go?

Ideanomics Inc (NASDAQ:IDEX)

The 2 analysts offering 12-month price forecasts for Ideanomics Inc have a median target of 2.00, with a high estimate of 3.00 and a low estimate of 1.00. The median estimate represents a +260.30% increase from the last price of 0.56.

Could Zomedica be a millionaire maker?

The biggest reason Zomedica might not be a millionaire-maker stock is that the business has a long way to go in showing that it can generate strong sales numbers. And that's ultimately going to be tied to whether Truforma is successful or not.May 19, 2021

How has Zomedica's stock been impacted by COVID-19 (Coronavirus)?

Zomedica's stock was trading at $0.2078 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organ...

When is Zomedica's next earnings date?

Zomedica is scheduled to release its next quarterly earnings announcement on Tuesday, May 10th 2022. View our earnings forecast for Zomedica .

How were Zomedica's earnings last quarter?

Zomedica Corp. (NYSEAMERICAN:ZOM) issued its quarterly earnings results on Thursday, November, 12th. The company reported ($0.01) earnings per shar...

What guidance has Zomedica issued on next quarter's earnings?

Zomedica issued an update on its FY 2021 earnings guidance on Monday, March, 14th. The company provided earnings per share (EPS) guidance of for th...

Who are Zomedica's key executives?

Zomedica's management team includes the following people: Mr. Robert Cohen , CEO & Director (Age 63, Pay $412.79k) Ms. Ann Marie Cotter CPA , C...

Who are some of Zomedica's key competitors?

Some companies that are related to Zomedica include Protagonist Therapeutics (PTGX) , Keros Therapeutics (KROS) , Myovant Sciences (MYOV) , Axs...

What is Zomedica's stock symbol?

Zomedica trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "ZOM."

Who are Zomedica's major shareholders?

Zomedica's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (2.93%), BlackR...

Which institutional investors are selling Zomedica stock?

ZOM stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Geode Capital Management LLC, Commonwealt...

How much is Zomedica stock worth in 2021?

The Zomedica Pharmaceuticals Corp stock price gained 3.73% on the last trading day (Friday, 9th Jul 2021), rising from $0.71 to $0.74. During the day the stock fluctuated 4.11% from a day low at $0.72 to a day high of $0.75. The price has fallen in 6 of the last 10 days and is down by -12.33% for this period. Volume fell on the last day by -6 million shares and in total, 18 million shares were bought and sold for approximately $13.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

Is Zomedica Pharmaceuticals Corp a negative stock?

Zomedica Pharmaceuticals Corp holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How do hedge funds control the price?

very common strategy to be used by hedge funds to control the price. simply buy and hold, this price is a discount. good luck.

Is Zomedica a good stock?

Zomedica being added to MSCI proves it's seen as a growth stock, potentially even having dividends in the future. This addition can potentially increase trading and volume. The MSCI indexes are similar to the Dow Jones Averages or the S&P 500. This is very good news.

Is a zom part of an index?

Remember ZOM is part of an index. Institutions buy the underlying symbols in the index. Hence a vast majority of institutions hold ZOM.

Where does Zomedica trade?

Zomedica trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "ZOM."

What is Zomedica Corp?

Zomedica Corp., a veterinary health company, focuses on the unmet needs of clinical veterinarians by developing products for companion animals. The company engages in the development and commercialization of TRUFORMA, a diagnostic biosensor platform for the detection of thyroid disorders in dogs and cats, and adrenal disorders in dogs. It has collaboration agreements with Celsee, Inc. for the development and commercialization of liquid biopsy assays and related consumables for the detection of cancer in companion animals; and Seraph Biosciences, Inc. for development and commercialization of novel pathogen detection system. The company was formerly known as Zomedica Pharmaceuticals Corp. and changed its name to Zomedica Corp. in October 2020. Zomedica Corp. was founded in 2015 and is headquartered in Ann Arbor, Michigan.

What is the P/E ratio of Zomedica?

The P/E ratio of Zomedica is -7.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Is there enough data for Zomedica?

There is not enough analysis data for Zomedica.

Does Zomedica pay dividends?

Zomedica does not currently pay a dividend.

A Closer Look at ZOM Stock

A year ago, the situation of Zomedica’s investors was much better than it is today. Amazingly, ZOM stock shot up from 10 cents in late 2020 to a 52-week high of $2.91 on Feb. 8, 2021.

First, the Bad News

Now I’m not going to sugarcoat the value proposition of Zomedica. It’s a small company with lackluster financials, to put it politely.

A Shocking Discovery

What was this acquisition? That is the billion-dollar question for Zomedica’s stakeholders.

The Bottom Line

Make no mistake about it: the acquisition of PulseVet is a major gamble for Zomedica. Only time will tell whether sound-wave technology will be widely accepted by veterinarians and pet owners.

Who is Zomedica Corp?

ANN ARBOR, Mich., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Zomedica Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”), a veterinary health company creating point-of-care diagnostic and therapeutic products for companion animals, today announced that it had acquired the Pulse Veterinary Technologies businesses for $70.9 million in an all-cash, stock transaction. Pulse Veterinary Technologies (“PulseVet”) is a world leader in electro-hydraulic shock wave technology for the treatment of a wide vari

Is Zomedica publicly traded?

Founded in 2013 and publicly-traded since 2016, Zomedica (ZOM) is a relatively new organization. However, this veterinary-focused medical device company has seen tremendous interest among growth investors of late. Why? Well, there are a number of reasons for this. Among the core reasons for the surging interest in pet-friendly tech plays is the growth we've seen in pet adoption rates throughout the pandemic. As owners are discovering, a pet adoption is a multi-year (or even multi-decade) long co

Is Zomedica in the development stage?

Zomedica, which is in the development stage, recorded no revenues in 2020. The 2020 net loss resulted from research and development (“R&D”) expenses of approximately $8.0 million, general and administrative (“G&A”) expenses of approximately $6.0 million, and professional fees of approximately $2.2 million.

Is Zomedica a meme?

As has been the case for several months, Zomedica (NYSEAMERICAN:ZOM) continues to tread water. ZOM stock, a pet diagnostics play and reputed meme stock, has struggled to bounce back after big declines last spring. Source: Postmodern Studio / Shutterstock.com Said decline came right after shares, trading for well under $1 at the start of 2021, zoomed to as much as $2.91. The move may or may not have been the product of Reddit traders stampeding into it with full force. But I wouldn’t put too much

What is the big breakout in Zom?

This company is on the cusp of commercializing a breakthrough technology platform that could meaningfully disrupt the $2.8 billion and rapidly growing vet diagnostics market.

What is the big picture bull thesis on ZOM?

That context, of course, is that pets are becoming humans, and as such, we are spending more and more money on all-things pet-care-related.

A Closer Look at ZOM Stock

While it’s difficult to prove this assertion, it certainly appears that ZOM stock received a huge boost from Reddit’s users.

Literally Giving It Away

This update was released after Heaton had been in the CEO position for “just over 60 days,” so we shouldn’t expect the company to have changed much at that point.

The Bottom Line

The company’s strategy will either turn out to be brilliant or disastrous. Are you really prepared to wager your hard-earned capital on the success of Zomedica’s “Customer Appreciation Program?”

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