15 Cheapest Stocks Insiders Are Buying In March

1. Zomedica Corp. (OTCQB:ZOMDF)

Market Capitalization: $66.64 million

Zomedica, a veterinary health company, ranks first among the 15 cheapest stocks insiders are buying in March. The Ann Arbor, Michigan-headquartered company develops diagnostic and therapeutic products for companion animals. Its offerings include diagnostic platforms like TRUFORMA and TRUVIEW, as well as therapeutic products such as PulseVet and Assisi Loop devices for pain and inflammation treatment. The company also collaborates with Celsee, Inc. and Seraph Biosciences, Inc. to develop advanced diagnostic and pathogen detection solutions.

For the full year 2024, Zomedica disclosed revenue of $27.3 million, compared to $25.2 million for 2023. Operating expenses were $70.1 million, including a full year of expenses related to Qorvo Biotechnologies, compared to $60.6 million the previous year. Research and development expenses amounted to $7.3 million, compared to $5.8 million for 2023. Net loss was $47.0 million, which compares to a net loss of $34.5 million in 2023.

In March, eight insiders, including the CEO, COO, and CFO, acquired approximately $279,286 worth of Zomedica shares at an average price of $0.07 per share. Currently, the stock trades at $0.068, having declined 43.33% year-to-date and 50.72% over the past 12 months.

According to TipRanks, one Wall Street analyst has rated Zomedica stock as a “Moderate Buy” with a price target of $0.25 per share. The average price target suggests a potential upside of 284.62% from the latest price.

Overall, ZOMDF is first among the 15 cheapest stocks insiders are buying in March. While we acknowledge the potential of ZOMDF our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ZOMDF but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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