Zoomd Technologies ($ZOMD.V) FINS Review
Q3 2024
What a morning! The share price gapped up large this morning after seemingly very strong results touching $1, which was 61% up from yesterday’s close. It came all the way back to around 70 cents, and closed at 80, up 29%, in a wild trading day that saw 4M shares trading hands.
Back on Nov 18th, this hit one of my alerts. After digging in i recognized what a soft quarter the company had last year and thought this could set up to be a big winner when they released financials later in the month, which I then highlighted to paid subscribers.
The stock barely got into my targeted zone and I was lucky enough to pick up as many shares as I could then then. FULL disclosure, I sold during the early run up at 99 for a very nice quick double.
Now let’s take a look at the financials to see whether I and the market at large should be taking these guys more seriously into the future and perhaps look to rebuild a position. Oddly, I have not reviewed the stock since December of 2022 when I gave it a measly two stars. I’m sensing a big upgrade will be in store.