re: ZOM making a nice run

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Zomedica Stock Is up 330% in One Month; Is There Room for More Upside?

TipRanks TipRanks Mon, February 1, 2021, 10:03 AM

January provided its fair share of high-flying stocks, with several benefitting from the short-squeeze mania which has driven some prices to ridiculous heights. One company recording unseemly gains, is Zomedica Pharmaceuticals (ZOM).

Shares are already up by ~330% since the turn of the year, although the surge has nothing to do with high short interest. The stock recently benefited from an endorsement from Netflix’s “Tiger King” star Carole Baskin. While it turns out Baskin was paid to promote the stock, there is another upcoming and more tangible catalyst for investors to get behind; this is due to the upcoming launch of Truforma, Zomedica’s point-of-care (POC) diagnostic device for the detection of thyroid disease in dogs and cats and adrenal disease in dogs.

The platform will hit the market on March 30, and ahead of the product’s debut, the company has also just nabbed a vital distribution deal.

Last week, Zomedica announced an agreement with Miller Veterinary Supply who will distribute Truforma. Miller is the U.S.’s oldest wholesale veterinary distributor and one of the veterinary industry’s fastest growing businesses. The company will be Zomedica’s representative in the eastern and mid-eastern states. Its sales and customer service efforts will be bolstered by sales representatives assigned by Zomedica, which the company is currently recruiting as it prepares for the launch. The pet market has been a prime beneficiary of the pandemic’s stay-at-home mandates and according to the American Pet Products Association, spending in the segment reached a record $99 billion in the U.S. last year.

Outlay on diagnostic care in this market is expected to grow to $2.8 billion in 2024 from $1.7 billion in 2019. H.C. Wainwright analyst Swayampakula Ramakanth says that ahead of Truforma’s debut, the agreement “strengthens the commercial machinery.”

“We are encouraged by the progress in commercial preparation for the upcoming launch, and accordingly we are raising the probability of launch to 90%, up from 75% previously,” the 5-star analyst said.

“Additionally, due to the lower yield of the long-term Treasury note that has resulted in a lower risk-free rate and a lower market risk premium, we have adjusted the discount rate to 6% from 12%.”



LINK

I’ve turned my free 6 buck stock into 52 bucks, started with atos, then got in on the GME action, and now riding ZOM. Chump change but an interesting experience as compared to the large amount I have in FXAIX.

It was so random that I clicked that thread the other month. Quite happy about it though. Much appreciated to AT!

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Nice little run in the last 25 minutes today. Holla atcha boy AT.

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BALLER DAY for AT too fella....in my younger days it would be 2 chicks @ the same time kinda night. Now I just stack stacks..GL & congrats

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AncientTiger

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Can we party??

Looks like your thread was killed by admins.

I wish they were that fast to shitcan the posters who had a hand in you leaving.

lsualum2001@gmail.com

If we are doing something via email on a daily basis.

Why did they kill it??? I was 12 pages behind catching up when I went to the next page and it was gone. What happened?

Ancient Tiger, where did you go. I'm a supporter and want to keep listening to your advice. I truly appreciate your efforts. (if my email address will help let me know)

If an email list is set up who do I email to get added?

I don’t have the date in front of me....only a couple of months ago I posted about a penny stock called ZOM. I intentionally made the post light hearted, invest only $100 for the love of your pet.

Today, my gains sit @ 735%. I wish more TD listened to this old man.