Geode Capital Management LLC has recently announced that it has increased stake in Zomedica Corp (AMEX:ZOM) by 3.31%. After grabbing 9.64 million shares, the institutional investor is now in possession of 0.31 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 0.98% having worth around $1.62 million. Moreover, ProShare Advisors LLC increased its share by 38380.0 to have a control over 2.99 million shares. And Brown Brothers Harriman & Co. raised its holdings to 0.18 million shares by acquiring 2.47 million shares or 0.25% of the stake.
Zomedica Corp (ZOM) concluded trading on 01/03/24 at a closing price of $0.19, with 3.96 million shares of worth about $0.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.80% during that period and on Wednesday the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 979.95M shares, out of which, 964.36M shares are available for trading.
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Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Zomedica Corp Vanguard Total Stock Market ETF is currently holding 33.69 million shares of worth totaling $5.66 million. The company recently came buying 0.0 shares which brought its stake up to 3.44% of the company’s outstanding shares. Fidelity Extended Market Index Fu, after buying 5.13 million shares, have now control over 0.52% of the stake in the company. It holds 0.0 shares of worth $0.86 million.
However, the stock later moved at a day high price of 0.1900, or with a gain of 1.19%. Stock saw a price change of -15.37% in past 5 days and over the past one month there was a price change of 10.47%. Year-to-date (YTD), ZOM shares are showing a performance of -6.19% which increased to 15.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.15 but also hit the highest price of $0.34 during that period. The average intraday trading volume for Zomedica Corp shares is 4.16 million. The stock is currently trading -0.08% below its 20-day simple moving average (SMA20), while that difference is up 5.63% for SMA50 and it goes to -2.10% lower than SMA200.
Geode Capital Management LLC acquired 9.64 million shares of Zomedica Corp having value of about $1.62 million. Data submitted at the U.S SEC by Geode Capital Management LLC revealed that the firm now holds 0.31 million shares in the company valued at close to $58613.48, or have control over 3.31% stake in the company. Zomedica Corp (AMEX: ZOM) currently have 979.95M outstanding shares and institutions hold larger chunk of about 8.54% of that. Holding of mutual funds in the company is about 2.33% while other institutional holders and individual stake holders have control over 6.21% and 1.75% of the stake respectively.
The stock has a current market capitalization of $184.03M and its 3Y-monthly beta is at 1.03. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 16.57 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZOM, volatility over the week remained 7.39% while standing at 7.15% over the month.
Analysts are in expectations that Zomedica Corp (ZOM) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is -$0.01 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 50.00%.
Analysts at 1 brokerage firms have issued recommendations for the Zomedica Corp (ZOM)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Dawson James on January 06, 2023 offering a Buy rating for the stock and assigned a target price of $6 to it.
