Zomedica (NYSEAMERICAN: ZOM) might be in some sort of trouble with the launch of its new TruForma diagnostic machine. That is why ZOM stock has been falling and will likely keep dropping in the days ahead. Source: Postmodern Studio / Shutterstock.com
Full Answer
Why is zomedica stock dropping?
Mar 02, 2022 · Zoom is now 77% off of its all-time high set in late 2020 as its early pandemic boom continues to unwind, although shares are up over 90% since the …
Is Zom stock still a buy after 14% gain in August?
Jul 28, 2021 · That is why ZOM stock has been falling and will likely keep dropping in the days ahead. Source: Postmodern Studio / Shutterstock.com Here is the likely reason. On May 14, 2021, Dr. Stephanie Morley...
How has zoom stock performed in the past year?
Dec 05, 2020 · Why Zoom Stock Is Down By Chris Hill - Dec 5, 2020 at 3:38PM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
Will zomedica's valuation justify its potential?
Dec 09, 2021 · Zoom shares closed 6% lower that day. The stock took another big hit two weeks later, making a 14.7% retreat on Nov. 23. This time, the culprit was a solid earnings report with hints of worse news ...
Why is ZOM stock dropping?
The reason behind the decline goes back into the previous week, when Zomedica announced its third-quarter results after the market close on Nov. 12. The veterinary health company reported revenue in the third quarter of only $22,514. It posted a net loss of $6.3 million, or $0.091 per share.Nov 18, 2021
Is ZOM stock a good buy?
ZOM stock could provide some good gains in the long term if its veterinary diagnostic and therapeutic technologies can gain sufficient market traction. However, the stock remains a speculative investment that owed its previous tops to the Reddit meme that lifted other stocks like GameStop and AMC.Feb 4, 2022
Will ZOM stock recover?
ZOM stock will likely struggle to recover in price over the next few months. It's going to be awhile before this early stage company will again have the chance to prove itself to investors.Oct 7, 2021
Is ZOM stock expected to go up?
The 1 analysts offering 12-month price forecasts for Zomedica Corp have a median target of 1.20, with a high estimate of 1.20 and a low estimate of 1.20. The median estimate represents a +292.16% increase from the last price of 0.31.
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
Why is SNDL stock going up?
Sundial (SNDL) stock back up on strong earnings and buyback. The stock and other cannabis stocks are high right now (pun intended) as hopes grow of US decriminalization. Sundial had the added impetus from a strong earnings report and a share buyback program. This set a fire under the stock and saw it surge on Friday.Nov 15, 2021
Is ZOM stock buy or sell?
HC Wainwright is very positive about ZOM and gave it a "Buy" rating on Nov 16, 2020.
What is Nio price target?
The 28 analysts offering 12-month price forecasts for NIO Inc have a median target of 33.50, with a high estimate of 86.72 and a low estimate of 24.13.
What Is Going On With Zomedica
Something is wrong here. Shareholders are dumping the stock and asking questions later. The company’s July 6 update frankly made matters worse. It had already fallen to 78 cents per share on July 6, and also down from $2.70 at its peak on Feb. 8. The update basically implied that the company’s launch is not going as well as planned.
Where This Leaves ZOM Stock
Last quarter the company lost $4 million, and its free cash flow was negative $2.65 million. Fortunately, the company also has $276.6 million in cash in the bank.
What to Do With ZOM Stock
In addition, that value would also imply that the stock is worth just its cash per share today, i.e., $276 million. This means that investors should probably just wait until the stock falls another 50% to 30 cents per share, assuming that its losses continue over the next several quarters.
How much is AMC worth in 2020?
At the beginning of 2020, before the novel coronavirus pandemic hit, AMC was worth less than $1 billion. In fact, even with the balance sheet moves, AMC now has a higher enterprise value (market capitalization plus net debt) than it did at the beginning of 2020. It’s hard to see how that makes sense.
How many people in the US have at least one pet?
Here are the relevant stats, courtesy of Zomedia: 67% of households (nearly 85 million homes) in the U.S. have at least one pet. The average life span for dogs has increased to 15.4 years, and companion animals are generally living longer. 93% of dog-owning households visit the veterinarian annually.
What is Truforma used for?
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, and many see it as a potentially game-changing product. Last month, Zomedica announced the first commercial sale of Truforma. Article continues below advertisement.
Is Zomedica a good company?
Zomedica is a niche company and is a good way to play the animal diagnostic market. According to Zomedica, nearly two-thirds of U.S. households have at least one pet and most of the households with a pet dog visit a veterinarian annually.
