TOMI Environmental Solutions Inc (NASDAQ: TOMZ) Stock: Does It Have Room To Grow?

In the last trading session, 62437.0 TOMI Environmental Solutions Inc (NASDAQ:TOMZ) shares changed hands as the company’s beta touched -2.79. With the company’s per share price at $0.84 changed hands at $0.04 or 5.15% during last session, the market valuation stood at $16.41M. TOMZ’s last price was a discount, traded about -38.1% off its 52-week high of $1.16. The share price had its 52-week low at $0.52, which suggests the last value was 38.1% up since then. When we look at TOMI Environmental Solutions Inc’s average trading volume, we note the 10-day average is 0.54 million shares, with the 3-month average coming to 103.17K.

TOMI Environmental Solutions Inc (NASDAQ:TOMZ) trade information

Instantly TOMZ was in green as seen at the end of in last trading. With action 14.21%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -18.81%, with the 5-day performance at 14.21% in the green. However, in the 30-day time frame, TOMI Environmental Solutions Inc (NASDAQ:TOMZ) is 13.73% up. Looking at the short shares, we see there were 5202.0 shares sold at short interest cover period of 0.27 days.

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TOMI Environmental Solutions Inc (TOMZ) estimates and forecasts

Data shows that the TOMI Environmental Solutions Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -18.00% over the past 6 months, a 70.59% in annual growth rate that is considerably higher than the industry average of 13.20%. Year-over-year growth is forecast to reach 37.57% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 3.45M. The company’s revenue for the corresponding quarters a year ago was 1.53M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 125.70%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.88%. The 2024 estimates are for TOMI Environmental Solutions Inc earnings to increase by 70.59%.

TOMZ Dividends

TOMI Environmental Solutions Inc is expected to release its next quarterly earnings report in January.

TOMI Environmental Solutions Inc (NASDAQ:TOMZ)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 34.08% of TOMI Environmental Solutions Inc shares while 5.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 7.71%. There are 5.08% institutions holding the TOMI Environmental Solutions Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.7837% of the shares, roughly 0.56 million TOMZ shares worth $0.49 million.

GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.5533% or 0.11 million shares worth $96816.0 as of 2024-06-30.