Zomedica Corp (ZOM) Stock Continues to Underperform: Here is Why
Over the past months, Zomedica Corp (NYSEAMERICAN:ZOM) has seen its stock go on a bit of a rollercoaster ride and investors might be wondering if it might be worth backing the stock. The company launched its Truforma diagnostic platform for animals earlier this year but despite that, the stock has been stuck in a phase of stagnation.
That being said, experts believe that its diagnostic does in fact have the potential of being a revenue-generating product. However, investors who have jumped into the stock at this point are possibly convinced that Truforma is going to turn into a commercial success. Whether the product can become a commercial success or not is still up for debate since at the end of the day there are several factors at play.
One of the things that investors need to remember is that the company has made some structural changes in its sales strategy when it comes to Truforma. As a matter of fact, the Zomedica management has admitted that the ‘adoption curve’ of the product might get delayed as a result of those changes. In other words, the company believes that the adoption of Truforma might take longer than expected.
That is something that is a potential red flag for many investors considering the fact that the success of Truforma is going to determine the fortunes of its stock. The move to a direct sales approach is yet to bear fruit in any meaningful way and hence, investors might consider sitting on the sidelines for a bit longer when it comes to the Zomedica stock.
Life Clips Inc (LCLP) Stock Goes Parabolic: What’s The Buzz?
More and more companies are realizing that the growth of the cryptocurrency sector is probably going to continue in the long term and hence, many are now deciding to get into the sector in a big way.
The latest company to enter the sector is Life Clips Inc (OTCMKTS:LCLP). On Wednesday, the company announced that it reached an agreement regarding the acquisition of the multinational blockchain technology company Belfrics Group. The announcement came as a source of considerable excitement for investors and the Life Clips stock soared by as much as 1800% yesterday following the announcement. Belfrics deploys its proprietary platform for running cryptocurrency exchanges in different parts of the world. At this point in time, the company’s operations are spread across Tanzania, Bahrain, Singapore, Malaysia, Nigeria, and India.
It is clear to see that the completion of this particular acquisition is expected to make Life Clips a major player in the cryptocurrency space in the blink of an eye. More important, Belfrics Group has also demonstrated the capability of processing a large number of transactions on its platform. At this point, the platform can help in processing as many as 1 million crypto transactions per second. Such a scale of operations suggests that Life Clips will be able to operate a considerably large crypto operation when the acquisition eventually goes through. It is now going to be interesting to see if investors decide to take some of their profits today or if the Life Clips stock continues to soar.