In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Zhongchao Inc (NASDAQ: ZCMD) was $1.69 for the day, up 13.42% from the previous closing price of $1.49. In other words, the price has increased by $13.42 from its previous closing price. On the day, 0.66 million shares were traded. ZCMD stock price reached its highest trading level at $1.7799 during the session, while it also had its lowest trading level at $1.42.
Ratios:
Our analysis of ZCMD’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.71 and its Current Ratio is at 10.66. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZCMD now has a Market Capitalization of 4173810 and an Enterprise Value of -3496670. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at -0.203 whereas that against EBITDA is 0.463.
Stock Price History:
The Beta on a monthly basis for ZCMD is 0.25, which has changed by -0.8489723 over the last 52 weeks, in comparison to a change of 0.22363698 over the same period for the S&P500. Over the past 52 weeks, ZCMD has reached a high of $13.99, while it has fallen to a 52-week low of $1.20. The 50-Day Moving Average of the stock is -23.59%, while the 200-Day Moving Average is calculated to be -76.66%.
Shares Statistics:
ZCMD traded an average of 968.24K shares per day over the past three months and 3901030 shares per day over the past ten days. A total of 7.42M shares are outstanding, with a floating share count of 1.47M. Insiders hold about 80.23% of the company’s shares, while institutions hold 0.02% stake in the company. Shares short for ZCMD as of 1713139200 were 39393 with a Short Ratio of 0.04, compared to 1710460800 on 62535. Therefore, it implies a Short% of Shares Outstanding of 39393 and a Short% of Float of 2.29.
