Zomedica Corp (AMEX: ZOM) Stock: A Game-Changer?

In the last trading session, 4.95 million shares of the Zomedica Corp (AMEX:ZOM) were traded, and its beta was 1.06. Most recently the company’s share price was $0.13, and it changed around $0.0 or 0.08% from the last close, which brings the market valuation of the company to $123.48M. ZOM currently trades at a discount to its 52-week high of $0.23, offering almost -76.92% off that amount. The share price’s 52-week low was $0.12, which indicates that the current value has risen by an impressive 7.69% since then. We note from Zomedica Corp’s average daily trading volume that its 10-day average is 4.76 million shares, with the 3-month average coming to 4.74 million.

Zomedica Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ZOM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Zomedica Corp is expected to report earnings per share of -0.01 for the current quarter.

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Zomedica Corp (AMEX:ZOM) trade information

Instantly ZOM has showed a green trend with a performance of 0.08% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.1350 on recent trading dayincreased the stock’s daily price by 3.7%. The company’s shares are currently down -37.11% year-to-date, but still down -1.64% over the last five days. On the other hand, Zomedica Corp (AMEX:ZOM) is 3.45% up in the 30-day period. We can see from the shorts that 51.14 million shares have been sold at a short interest cover period of 17.24 day(s).

Zomedica Corp (ZOM) estimates and forecasts

Zomedica Corp share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -15.22 percent over the past six months and at a -150.00% annual growth rate that is well below the industry average of 16.40%.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 8.1M in revenue for the current quarter. 1 analysts expect Zomedica Corp to make 7.78M in revenue for the current ending quarter.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.70%.

ZOM Dividends

Zomedica Corp’s next quarterly earnings report is expected to be released in January.

Zomedica Corp (AMEX:ZOM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.78% of Zomedica Corp shares, and 8.33% of them are in the hands of institutional investors. The stock currently has a share float of 8.48%. Zomedica Corp stock is held by 101.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.054% of the shares, which is about 29.93 million shares worth $382.18 million.

BLACKROCK INC., with 2.6742% or 26.21 million shares worth $334.65 million as of 2024-06-30, holds the second largest percentage of outstanding shares.