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Dawson James gives a Buy recommendation for Zomedica Corp (ZOM)

Zomedica Corp’s recent filing unveils that its Vice President of Sales Klass Russell Kevin acquired Company’s shares for reported $46529.0 on Jun 12 ’24. In the deal valued at $0.16 per share,299,993 shares were bought. As a result of this transaction, Klass Russell Kevin now holds 2,000,050 shares worth roughly $0.3 million.

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Then, Klass Russell Kevin bought 500,000 shares, generating $75,100 in total proceeds. Upon buying the shares at $0.15, the Vice President of Sales now owns 1,700,057 shares.

Before that, Klass Russell Kevin bought 200,007 shares. Zomedica Corp shares valued at $29,941 were divested by the Vice President of Sales at a price of $0.15 per share. As a result of the transaction, Klass Russell Kevin now holds 1,200,057 shares, worth roughly $0.18 million.

Dawson James initiated its Zomedica Corp [ZOM] rating to a Buy in a research note published on January 06, 2023; the price target was $6.

Price Performance Review of ZOM

On Friday, Zomedica Corp [AMEX:ZOM] saw its stock jump 3.48% to $0.15. Over the last five days, the stock has lost -6.23%. Zomedica Corp shares have fallen nearly -27.12% since the year began. Nevertheless, the stocks have fallen -30.82% over the past one year. While a 52-week high of $0.25 was reached on 01/02/24, a 52-week low of $0.12 was recorded on 02/16/24. SMA at 50 days reached $0.1516, while 200 days put it at $0.1571. A total of 5.58 million shares were traded, compared to the trading of 2.55 million shares in the previous session.

Levels Of Support And Resistance For ZOM Stock

The 24-hour chart illustrates a support level at 0.1393, which if violated will result in even more drops to 0.1326. On the upside, there is a resistance level at 0.1533. A further resistance level may holdings at 0.1606. The Relative Strength Index (RSI) on the 14-day chart is 42.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0086, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.27%. Stochastics %K at 7.12% indicates the stock is a buying.

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