Zhongchao Inc. (ZCMD) is priced at $1.81 after the most recent trading session. At the very opening of the session, the stock price was $1.82 and reached a high price of $1.82, prior to closing the session it reached the value of $1.76. The stock touched a low price of $1.75.
Recently in News on June 16, 2021, Zhongchao Inc. Partners with a Subsidiary of AbbVie Inc. (NYSE: ABBV) for Medical Education Services. Zhongchao Inc. (NASDAQ: ZCMD) (“Zhongchao” or the “Company”), a healthcare services company offering online healthcare information, professional training and educational services, today announced the cooperation in physician education with AbbVie Pharmaceutical Trading (Shanghai) Co., Ltd. (“AbbVie Shanghai”), a subsidiary of AbbVie Inc (NYSE: ABBV) (“AbbVie”). AbbVie is a research-based global biopharmaceutical company. Pursuant to an agreement to facilitate such cooperation, Zhongchao and AbbVie Shanghai will cooperate in, including but not limited to, developing the medical education contents and producing medical education courses. You can read further details here
Zhongchao Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.0900 on 03/17/21, with the lowest value was $1.5900 for the same time period, recorded on 03/05/21.
Zhongchao Inc. (ZCMD) full year performance was -20.36%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Zhongchao Inc. shares are logging -65.58% during the 52-week period from high price, and 13.67% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.59 and $5.25.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1023882 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Zhongchao Inc. (ZCMD) recorded performance in the market was 3.53%, having the revenues showcasing -3.30% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 43.37M, as it employees total of 88 workers.
Specialists analysis on Zhongchao Inc. (ZCMD)
During the last month, 0 analysts gave the Zhongchao Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.9119, with a change in the price was noted -0.16. In a similar fashion, Zhongchao Inc. posted a movement of -8.12% for the period of last 100 days, recording 1,781,202 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ZCMD is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Trends and Technical analysis: Zhongchao Inc. (ZCMD)
Raw Stochastic average of Zhongchao Inc. in the period of last 50 days is set at 35.45%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 28.86%. In the last 20 days, the company’s Stochastic %K was 25.57% and its Stochastic %D was recorded 33.65%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 3.53%. Additionally, trading for the stock in the period of the last six months notably improved by 1.73%, alongside a downfall of -20.36% for the period of the last 12 months. The shares increased approximately by -3.30% in the 7-day charts and went down by 0.57% in the period of the last 30 days. Common stock shares were lifted by -3.30% during last recorded quarter.