HC Wainwright Reiterates “Buy” Rating for TOMI Environmental Solutions (NASDAQ:TOMZ)

TOMI Environmental Solutions (NASDAQ:TOMZ)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $3.50 price objective on the stock. HC Wainwright’s price objective suggests a potential upside of 379.39% from the company’s current price.

TOMI Environmental Solutions Stock Performance

NASDAQ:TOMZ opened at $0.73 on Friday. The company has a 50-day moving average of $0.85 and a 200-day moving average of $0.76. The firm has a market cap of $14.57 million, a price-to-earnings ratio of -4.06 and a beta of 1.30. The company has a current ratio of 4.36, a quick ratio of 1.98 and a debt-to-equity ratio of 0.33. TOMI Environmental Solutions has a twelve month low of $0.52 and a twelve month high of $1.39.

TOMI Environmental Solutions (NASDAQ:TOMZ) last issued its earnings results on Wednesday, May 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $1.11 million for the quarter, compared to the consensus estimate of $2.58 million. TOMI Environmental Solutions had a negative return on equity of 39.96% and a negative net margin of 51.20%. Analysts forecast that TOMI Environmental Solutions will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of TOMI Environmental Solutions

An institutional investor recently bought a new position in TOMI Environmental Solutions stock. Choreo LLC purchased a new stake in TOMI Environmental Solutions, Inc. (NASDAQ:TOMZ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 48,751 shares of the company’s stock, valued at approximately $49,000. Choreo LLC owned approximately 0.24% of TOMI Environmental Solutions as of its most recent filing with the Securities and Exchange Commission. 4.77% of the stock is owned by institutional investors.

TOMI Environmental Solutions Company Profile

TOMI Environmental Solutions, Inc, a bacteria decontamination and infectious disease control company, provides environmental solutions for indoor surface decontamination in the United States and internationally. Its products and services include SteraMist Surface Unit, a portable, handheld, point and spray disinfection/decontamination system intended to provide quick turnover of any affected space; SteraMist Environment System, a transportable, remotely controlled system that offers complete room disinfection/decontamination of a sealed space; and The SteraMist Hospital Disinfection Cart, a solution to aid its hospital-healthcare customers in providing the quality of care and safety to their patients by disinfecting patient and operating rooms, pharmacies, ambulances, and emergency environments in a hospital or healthcare facility.