Zomedica Corp (ZOM) 20 Days SMA touches 1.07%: The odds favor the bear

Zomedica Corp (AMEX: ZOM) on Friday, soared 2.53% from the previous trading day, before settling in for the closing price of $0.13. Within the past 52 weeks, ZOM’s price has moved between $0.12 and $0.20.

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Healthcare Sector giant saw their annual sales surged by 97.76% over the last five years. The company achieved an average annual earnings per share of -37.14%. With a float of $962.66 million, this company’s outstanding shares have now reached $979.95 million.

The firm has a total of 144 workers. Let’s measure their productivity. In terms of profitability, gross margin is 55.24%, operating margin of -143.14%, and the pretax margin is -232.24%.

Zomedica Corp (ZOM) Insider Activity

Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Zomedica Corp is 1.76%, while institutional ownership is 8.26%. The most recent insider transaction that took place on Nov 08 ’24, was worth 18,450. In this transaction COO of this company bought 150,000 shares at a rate of $0.12, taking the stock ownership to the 400,000 shares. Before that another transaction happened on Nov 11 ’24, when Company’s Director bought 100,000 for $0.12, making the entire transaction worth $12,100. This insider now owns 2,425,000 shares in total.

Zomedica Corp (ZOM) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -37.14% per share during the next fiscal year.

Zomedica Corp (AMEX: ZOM) Trading Performance Indicators

Zomedica Corp (ZOM) is currently performing well based on its current performance indicators. A quick ratio of 10.15 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.75.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.03 in one year’s time.

Technical Analysis of Zomedica Corp (ZOM)

Analysing the last 5-days average volume posted by the [Zomedica Corp, ZOM], we can find that recorded value of 3.67 million was lower than the volume posted last year of 9.9 million. As of the previous 9 days, the stock’s Stochastic %D was 15.82%. Additionally, its Average True Range was 0.01.

During the past 100 days, Zomedica Corp’s (ZOM) raw stochastic average was set at 30.98%, which indicates a significant increase from 27.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.93% in the past 14 days, which was higher than the 50.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.1279, while its 200-day Moving Average is $0.1384. Now, the first resistance to watch is $0.1311. This is followed by the second major resistance level at $0.1326. The third major resistance level sits at $0.1351. If the price goes on to break the first support level at $0.1271, it is likely to go to the next support level at $0.1246. Should the price break the second support level, the third support level stands at $0.1231.

Zomedica Corp (AMEX: ZOM) Key Stats

Market capitalization of the company is 127.10 million based on 979,950K outstanding shares. Right now, sales total 25,190 K and income totals -34,530 K. The company made 7,000 K in profit during its latest quarter, and -6,700 K in sales during its previous quarter.