Zomedica (NASDAQ:ZOM) is once again in the spotlight, and this time bulls are betting it can reach $2 soon. News broke on Tuesday that Carole Baskin, star of the hit Netflix reality show Tiger King, was paid to promote Zomedica in a video posted on YouTube. As of 3:13 p.m. EST, the veterinary healthcare company's stock price was down by more than 22%. 76.4% of retail CFD accounts lose money, * Average Estimates in Million (e.g. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Needless to say, Ramakanth’s rating stays a Buy. The stock price of Zomedica Corp (NYSEAMERICAN: ZOM) — a veterinary health company creating point-of-care diagnostics products for dogs and cats — is trading at over 18% pre-market. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. In fact, one big catalyst has ZOM stock … Made In NYC | Investors are responding to the company announcing that it signed an agreement with Miller Veterinary Supply for the distribution of TRUFORMA (Zomedica’s first product), planned to begin sales on March 30, 2021. As of 3:13 p.m. EST, the veterinary healthcare company's stock price … Zomedica (ZOM) was founded in 2015 in Ann Arbour, Michigan. Zomedica Corp. operates as a development stage company. All rights reserved. To this end, Ramakanth boosted his price target on ZOM from $0.3 to $1.2, suggesting upside of an additional 20% from current levels. Image source: Getty Images. Stock quotes by finanzen.net. Plus500. But reportedly, Baskin received $299 to speak highly of the company through an online service called Cameo, which allows people to pay celebrities for brief personalized video messages. Price target in 14 days: 4.938 USD. Gainers Now, Joe’s mission is to pass on what he’s learned -- and what he continues to learn -- as a contributing writer to Fool.com. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Stock Advisor launched in February of 2002. There are far easier and safer ways to build wealth in the market. It creates products for companion animals by focusing on the unmet needs of clinical veterinarians. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Zomedica Stock Plunged Today @themotleyfool #stocks $ZOM, Why Zomedica Stock Soared Today and Then Plunged in After-Hours Trading, Copyright, Trademark and Patent Information. Market data powered by FactSet and Web Financial Group. Zomedica (NYSEMKT:ZOM) has signed an agreement with Miller Veterinary Supply for the distribution of Truforma, Zomedica’s first product, planned to begin sales on March 30, 2021. Traders who get in on such roller-coaster rides early can make big profits, but those who buy later often suffer gruesome losses when the promoters move on to other stocks. The company was founded by Gerald L. Solensky Jr. on January 7, 2013 and is headquartered in Ann Arbor, MI. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. It plans to offer novel diagnostics and therapeutics that focuses on patient health and practice health. Cohen had previously served as Zomedica… Applied UV, Inc. (NASDAQ: AUVI) shares surged 280.5% to close at $19.71 on Tuesday. Zomedica Corp. What's in Store for Zomedica (ZOM)This Earnings Season? The company earlier announced closing on acquisition of Akida Holdings for 1.375 million shares and $901,274.96 in cash. Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. Zomedica Stock Forecast, ZOM stock price prediction. Source: FactSet. Dividend). Shares of Zomedica (NYSEMKT:ZOM) were surrendering a sizable portion of their recent gains on Wednesday. This is not a game long-term investors should play. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence. Penny stocks are particularly prone to price-manipulation schemes. Shares of Zomedica (NYSEMKT:ZOM) were surrendering a sizable portion of their recent gains on Wednesday. Returns as of 02/16/2021. Volatility remains high in the stock. The company is involved in developing diagnostic and therapeutic products for the veterinary industry. Zomedica's shares shed more than a quarter of their value on Wednesday. Zomedica's stock price gains accelerated in recent days after the company named Robert Cohen its new chief executive officer on Jan. 4. With that goal in place, ZOM stock is up another 20% on Thursday. Stock promoters use all manner of methods to temporarily pump up these small companies' shares, then sell before the inevitable correction. In the days since that video was posted last week, Zomedica's stock price more than tripled. Announces Closing of $173.5 Million Bought Deal, Why Globalstar, Castor Maritime, and Zomedica Stocks Surged Today. ZOM: Get the latest Zomedica stock price and detailed information including ZOM news, historical charts and realtime prices. Commerce Policy | Yesterday, Zomedica moved to cash in on the incredible rally in its stock price by selling nearly 13.2 million of its shares to investors at a price of $1.90 per share. . Revenue) or per share (e.g. Registration on or use of this site constitutes acceptance of our. Disclaimer | Zomedica Pharmaceuticals (NYSEMKT: ZOM), an under-the-radar play on the pet care space, is having an impressive time in the stock market today. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. On Wednesday, traders appear to be taking the revelation that Baskin's mention of Zomedica was a paid endorsement -- and it's still not known who paid for it -- as a cue to take their profits and head for the exits.