So if Truforma is a hit, Qorvo can walk away. More importantly, the exclusive deal expires after a decade. The current price is about 12.15% off the estimated low and 12.15% off the forecast high, based on this estimate. Here’s one way. Turning out attention to how the Zomedica Corp. stock has performed in comparison to its peers in the industry, here’s what we find: ZOM’s stock is -3.6% on the day and +277.78% in the past 12 months, while Barrick Gold Corp (GOLD) traded +0.17% in the latest session and is positioned +25.28% up on its price 12 months ago. According to data cited by Zomedica itself, the “diagnostics segment of the global companion animal market” should reach $2.8 billion by 2024. NYSEAMERICAN:ZOM fell 14.07% on Tuesday despite broader markets hitting new all-time highs once again. Zomedica is targeting an intriguing, growing market with a new product. The author has not received compensation for writing this article, other than from FXStreet. At Feb. 26, 2020, Zomedica had 129 million shares outstanding, and another 29 million warrants and options. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The author makes no representations as to accuracy, completeness, or the suitability of this information. Zoom’s stock has jumped sevenfold thus far in 2020, heightening questions about whether the company is overvalued. ZOM shares are still close to highs of $2.91 from Monday. This is the main zomedica pharmaceuticals corp stock chart and current price. — that point seems likely to arrive fairly quickly. But it seemed to draw the same conclusion that’s still supported by the data: Zomedica’s opportunity isn’t big to be worth $1.6 billion. It’s an individual, in-clinic, device that can run the required assays. Qorvo is developing BAW for human applications. The platform certainly is intriguing. Zomedica Corp. has been showing a declining tendency so we believe that similar market segments were mildly popular in the given time frame. At that level, ZOM’s share price would be +12.15% above current price. The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, trades on an improved mood above 90.70, or 3-day highs, on Friday. US dollar weakness could be traced to the rally in equities, Treasury yields. At some point, market gravity kicks in. Zomedica Corp. (ZOM) estimates and forecasts Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -28.5%. Our 2021 market forecasts are here: As of 2021 january 23, saturday current price of zom stock is 0.956$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). Stock Predictons by days: 2021 Search Stock, FX pair, Crypto, or Commodity... Zomedica Corp Stock Forecast and Price Prognosis Data for 2021 The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Hence, ZM is rated a “Sell” in our POWR Ratings. Shares can stray far from underlying fundamental metrics, such as Gamestop! From that point, even excluding the warrants, Zomedica sold 320.8 million shares for a total of $50 million. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Note: All information on this page is subject to change. ZOM has a number of treatments in development for cat and dog digestive issues. — that point seems likely to arrive fairly quickly. Zoom's share price could reach $468.00 by Feb 8, 2022. But just to reiterate shares in Gamestop (GME) are now trading back at $50! Zomedica is targeting a small slice of the market with assays for thyroid and adrenal disease. Shares in ZOM also have been touted as favoured by Netflix’s Tiger King actress Carol Baskin appearing to back the company. I don’t think that description applies to ZOM. It runs on BAW (Bulk Acoustic Wave) technology which should be able to provide accuracy like that of a laboratory but in-clinic. When in a strong uptrend, that may stretch any valuation metrics, money can still be made but risk management is of paramount importance. Shares in ZOM traded near $3 in Jun 2018 before sliding all the way back to $0.30 by March 2019. It let Zomedica tackle the veterinary side. The present Moving Average for the last 50 days of trading for this stock 0.4317, while it was recorded at 0.9554 for the last single week of trading, and 0.2179 for the last 200 days. Information on these pages contains forward-looking statements that involve risks and uncertainties. Retail traders, on the Robinhood platform and Reddit chat boards in particular, snapped up shares on the news and drove ZOM higher. The data shows that as of January 14, 2021 short interest in Zomedica Corp. (ZOM) stood at 12.45% of shares outstanding, with shares short rising to 43.24 Million registered in December. In this case, analysts estimate an annual EPS growth of -0.84% for the year and -0.33% for the next year. ZOM Stock Price Chart Interactive Chart > ZOM Price/Volume Stats. ZOM is now worth nearly $2 billion so it would need to capture the entire market now, not in 2024! 2021 InvestorPlace Media, LLC. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Zomedica Stock Forecast, ZOM stock price prediction. This is not a company that is going to be generating significant revenue any time soon, if ever. The author will not be held responsible for information that is found at the end of links posted on this page. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Investors can use this forecasting interface to forecast Zomedica Pharmaceuticals historical stock prices and determine the direction of Zomedica Pharmaceuticals Corp's future trends based on various well-known forecasting models. Multiple daily strategies running 24/7 and FX expert guidance. This article is for information purposes only. Zomedica has yet to sell a single product. And it won’t have that small slice to itself. Gold keeps the bounce off intraday low, stays sluggish during the third consecutive day. Article printed from InvestorPlace Media, https://investorplace.com/2021/02/zom-stock-gotten-out-of-hand/. Investors will be thrilled if ZOM’s share price rises to $1.2, which is the median consensus price. AUD/USD keeps Friday’s upside momentum, stays above 0.7750 at the week’s start. Is Zoom Stock a good buy in 2021, according to Wall Street analysts? GME, AMC and DOGE: Stop Worrying and Love the Bubble >>> READ MORE, Louis Navellier and the InvestorPlace Research Staff, GME, AMC and DOGE: Stop Worrying and Love the Bubble, PayPal Is a Winner in the Digital Revolution, 7 Excellent Retirement Funds for Your Portfolio if You’re 50-Plus, 8 Cheap Stocks Under $20 That Could Double, 7 Reddit Stocks That Deserve to Go Bankrupt. It’s not to say that Zomedica won’t have some success with its coming product launch. And, as a result, we have a share price pushed beyond what the fundamentals suggest. Shares in Zomedica (ZOM) fell 4% on Thursday. Most have cited the upcoming launch of the companies Truforma diagnostic product, launching in March 2021. But let’s look at ZOM stock another way. However, ZOM does not own the technology underlying Truforma and according to reports will have to pay Nasdaq listed QRVO Biotech (QRVO) for purchasing the diagnostic tool. ZOM is set to launch its Truforma software platform in veterinary offices in March. At the time of writing, shares were up 8% at $2.76, having touched $3 in pre-market trading. With ZOM stock up 27x from where it closed on Nov. 9 — three months ago! The total diluted share count was 158 million. If you buy ZOM for 100 dollars today, you will get a total of 1195.919 ZOM. In May, it sold 133.3 million shares at 15 cents, garnering $20 million. Surely, if it saw a massive opportunity here — one worth, say, $1.6 billion — it would have kept it for itself. Fresh lockdowns in Pacific nations, off in China probed bulls cheering stimulus, vaccine developments. Investors could well have bought Gamestop shares at $300 and made a 50% profit. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. It would have built out its own sales and marketing teams. The high degree of leverage can work against you as well as for you. ANN ARBOR, Mich., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Zomedica Corp. (NYSE American: ZOM) (“Zomedica”), a veterinary health company creating point-of … Please read our privacy policy and legal disclaimer. But a short period of time. We’ve got some help from Redditors. However, Baskin was paid $299 by a fan on the Cameo app for the piece. We’ve got apparently coordinated buying. Price target in 14 days: 4.986 USD. It holds an “F” in Trade Grade, a “D” for Peer Grade and Industry Rank, and a “C” for Buy & Hold Grade. ZOM -- USA Stock : USD 2.66 0.11 4.31% : Zomedica Pharmaceuticals Stock Forecast is based on your current time horizon. Zomedica Corp. (NYSE:ZOM)’s Biggest Investors Upon looking at major shareholders, it appears that insiders hold 4.42% of Zomedica Corp. shares, and 6.33% of them are in the hands of institutional investors. It is also the #36 ranked stock in the 57-stock Technology – Services industry. As of 2021 February 08, Monday current price of ZOM stock is 1.910$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). The problem in all three cases, and in every other case like it, is that flying so far above the fundamentals can’t last forever. It’s certainly not to say that Zomedica is a “pump and dump.”. If its growth rate decelerates significantly in 2021, the stock could plunge. For traders News and features Analysis Zoom stock price forecast for 2021: further growth is likely, but should you wait for a dip before buying? Based on our forecasts, a long-term increase is expected, the price prognosis for 2026-01-31 is 30.944 US Dollars. And the ‘pump’ often is driven by misleading information or, on occasion, outright lies. ZOM shares have been on a charge and are up a staggering 1000% for 2021 so far. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor. Buyers in Tesla’s equity offerings never garnered more than 2,000% returns in less than ten months. Update February 12: Shares in Zomedica fell 4% on Thursday, understandable given the run up in ZOM witnessed over the last few session. Zomedica (NYSEAMERICAN:ZOM) stock is yet another sign of a market that’s gone nuts. But, again, even if it does work there’s real doubt as to whether the market is big enough. Share prices are determined by the law of supply and demand and also perceived supply and demand so can move away from underlying financial metrics for a period of time. The target often (though not always) is worthless or close. We have no evidence of ill intent among those bulls. In July, Zomedica closed on a stock offering that raised $30 million. FXStreet and the author do not provide personalized recommendations. Each of those shares came with a warrant to buy another share for 16 cents. It also does not guarantee that this information is of a timely nature. In fact, the Truforma device sounds similar to what disgraced startup Theranos promised it would have. Data indicates that the EPS growth is expected to be -0.79% in 2021, while the next year’s EPS growth is forecast to be -0.75%. With ZOM stock up 27x from where it closed on Nov. 9 — three months ago! Zomedica Corp. (NYSE:ZOM)’s Major holders Less than a year later, the market now is valuing that company at $1.5 billion or so (if you want to back out existing cash and the proceeds from further warrant exercises). Share Article . In other words, if the company’s pending Truforma launch is such a hit that Zomedica gobbled up every dollar of possible revenue three years from now, ZOM stock would be trading at 0.6x revenue. So tread cautiously! Copyright © Wall Street has fawned over the … ZOM price equal to 0.0836 USD at 2021-02-04. The same is true for GameStop (NYSE:GME) or AMC Entertainment (NYSE:AMC). Japan’s preliminary Q4 GDP came in better than forecast 2.3% QoQ. Zomedica Corp. earnings are expected to decrease by -4.5% in 2021, but the outlook is negative 0% per year for the next five years. #zomedica #zom #pennystockzomedica stock update || zom 2021 forecast + what is going on with zom stock!? - Try Now Risk-Free - Money-back guarantee! On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. The mechanics, however, look awfully similar. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. That is an absolutely crazy run. In a video, Baskin said “I don’t know if you guys have heard about Zomedica, but they help our veterinarians and our furry friends”, “definitely invested in finding out more,”. The Zomedica Pharmaceuticals Corp stock price fell by -3.3835% on the last day (Friday, 12th Feb 2021) from $2.66 to $2.57. ZOM announced on Thursday the closing of it's recently announced fundraising. The company raised $173 million at a price of $1.90 per share. According to Zomedica (ZOM) the market for the “diagnostics segment of the global companion animal market” should reach $2.8 billion by 2024”. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. Truforma is based on technology developed and owned by QRVO. Maybe Qorvo was wrong. USD/JPY remains strong following welcome GDP figures at home. So is this the next Gamestop! The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The 2021 estimates are for Zomedica Corp. earnings to decrease by -4.5%, but the outlook for the next 5 … 1125 N. Charles St, Baltimore, MD 21201. Analysts tracking ZOM have forecast the quarterly EPS to grow by $0 per share this quarter, while the same analysts predict the annual EPS to hit -$0.03 for the year 2021 and up to -$0.02 for 2022. But there are echoes of the “pump and dump” in how this stock is trading. ZOM will announce Q4 results on Wednesday, Feb 24. Zoom stock price forecast for 2021: further growth is likely, but should you wait for a dip before buying? While the most recent funding was upsized due to demand, it was done at a 30% discount to the share price. After all, a “pump and dump,” as commonly defined, usually is led by a small list of unethical and sometimes criminal actors. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Zomedica (ZOM) was founded in 2015 in Ann Arbour, Michigan. ZOM is heavily favoured by the Reddit community and has seen a sudden sharp appreciation in its share price. quotes delayed at least 15 minutes, all others at least 20 minutes. And it has embedded relationships with suppliers and trust with veterinarians that have been established over decades. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. We see that ZOM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. The “short squeeze” thesis isn’t quite as prominent for ZOM (though it is out there). ZOM has been on a strong run in 2021, boosted by … The difference is that, unlike Theranos’ Edison, Truforma appears to actually work. ZOM’s stock offering valued at $1.90 per share by its underwriter. The video conferencing expert's stock was more expensive in October and the retreat could very well run even lower from here. Current price change has pushed the stock +313.14% YTD, which shows the potential for … Shares in ZOM closed at $2.66, down 4%. Obviously, that’s not going to happen. To be fair, companies generally issue equity at a discount. ZOM has guaranteed minimum purchase agreements it must meet from QRVO. Most investor focus has been on the company's Truforma diagnostic platform, due to launch in March 2021. In the meantime, Qorvo makes a profit off its units, a profit which comes off Zomedica’s margins. IDEXX Laboratories (NASDAQ:IDXX), a $42 billion giant, already offers similar assays. Earnings growth for 2021 is a modest -4.5%. Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. You should do your own thorough research before making any investment decisions. Monthly support line, 200-bar SMA adds to the downside filters. The story bulls are telling is true. Let’s step away from the numbers a bit, and look at the qualitative case for the Truforma platform ahead of its launch at the end of next month. That aside, Qorvo is worth about $19 billion. Investors should tread carefully. ZOM Daily Price Prediction, ZOM Forecast for2021. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Get Our PREMIUM Forecast Now, from ONLY $7.49! The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. USD/JPY: On the bids above 105.00 following upbeat Japan Q4 GDP, AUD/USD: Bulls eye 0.7800 amid US dollar weakness, cautious optimism, Gold stays unimpressive near $1,820 despite risk-on mood, Bitcoin: Rising wedge at record top probes BTC bulls around 49,000, US Dollar Index pushes higher to 90.70 ahead of U-Mich.
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