Zomedica Corp. (AMEX:ZOM) shares traded lower over the last trading session, losing -1.92% on 06/01/21. The shares fell to a low of $0.80 before closing at $0.82. Intraday shares traded counted 32.52 million, which was 48.72% higher than its 30-day average trading volume of 63.41M. ZOM’s previous close was $0.84 while the outstanding shares total 972.02M. The firm has a beta of 0.33. The stock’s Relative Strength Index (RSI) is 43.88, with weekly volatility at 5.23% and ATR at 0.08. The ZOM stock’s 52-week price range has touched low of $0.06 and a $2.91 high.
Investors have identified the Drug Manufacturers – Specialty & Generic company Zomedica Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $809.38 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Zomedica Corp. (ZOM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ZOM, the company has in raw cash 276.6 million on their books with 0.53 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 278.55 million total, with 1.96 million as their total liabilities.
ZOM were able to record -2.65 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 214.61 million. In cash movements, the company had a total of -2.64 million as operating cash flow.
Potential earnings growth for Zomedica Corp. (ZOM)
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 6000.0 trying to sell their products during the last quarter, with the result yielding a gross income of 9000.0. This allows shareholders to hold on to 972.02M with the recently reported earning now reading 0.00 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (-0.04 cents a share).
Is the stock of ZOM attractive?
In related news, CEO, Cohen Robert sold 3,193,750 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 0.81, for a total value of 2,595,880. As the sale deal closes, the Director, POWERS JOHNNY D now sold 125,000 shares of the company’s stock, valued at 96,988. Also, CFO and Secretary, Cotter Ann Marie sold 19,444 shares of the company’s stock in a deal that was recorded on May 03. The shares were price at an average price of 1.06 per share, with a total market value of 20,611. Following this completion of acquisition, the CFO and Secretary, Cotter Ann Marie now holds 58,332 shares of the company’s stock, valued at 67,473. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Zomedica Corp.. 0 analysts has assigned a Sell rating on the ZOM stock. The 12-month mean consensus price target for the company’s shares has been set at $1.20.