The Zhongchao Inc. (ZCMD) shares are trading at higher $2.85.
To add more color to this target, the company’s high over the last year is $4.98 and the low is $1.63. Over the last 52 weeks, ZCMD is down -42.77% while the S&P 500 is up 0.39%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
ZCMD booked profit margins of 27.20%. All told, it is clear that, ZCMD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ZCMD has a short ratio of 0.14 and outstanding shares of 23.98M.
ZCMD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 14520.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.19. Investors should also keep an eye on sector updates as ZCMD has historically followed its peers on positive news.
All told, Zhongchao Inc. ZCMD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ZCMD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Zhongchao Inc. ZCMD is now commanding a market cap of 68.34M and a float of 12.19M. ZCMD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ZCMD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in ZCMD, either long or short, and we have not been compensated for this article.