Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Zomedica Corp’s current trading price is -45.62% away from its 52-week high, while its distance from the 52-week low is 6.20%. The stock’s price range during this period has varied between $0.12 and $0.23. The company, active in the Healthcare sector, saw a trading volume of around 1.32 million for the day, considerably lower average daily volume of 4.82 million observed over the last three months.
Zomedica Corp’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $0.23 on 12/26/23, and the lowest price during the same period was recorded at $0.12 on 11/08/24.
How Financial Performance Impacts Market Capitalization
Zomedica Corp (ZOM) has experienced a quarterly decline of -6.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 121.75M and boasts a workforce of 144 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.1324, with a change in price of -0.0308. Similarly, Zomedica Corp recorded 4,223,412 in trading volume during the last 100 days, posting a change of -19.87%.
How ZOM’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ZOM stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
ZOM Stock Stochastic Average
As of today, the raw stochastic average of Zomedica Corp over the past 50 days is 19.05%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 3.77%. Additionally, the Stochastic %K and %D values for the company were 12.14% and 18.00%, respectively, over the past 20 days.
ZOM Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -37.94%.However, over the last six months, we can see a stronger performance of -18.31%. Over the last 30 days, the price of ZOM has fallen by 1.51%. And in the last five days, it has fallen by -3.98%.
