Zhongchao (NASDAQ:ZCMD) Stock Price Up 5.1% – Still a Buy?

Shares of Zhongchao Inc. (NASDAQ:ZCMD) traded up 5.1% on Wednesday . The stock traded as high as $0.8066 and last traded at $0.7743. 619,883 shares traded hands during trading, a decline of 76% from the average session volume of 2,588,333 shares. The stock had previously closed at $0.7366.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Zhongchao from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Zhongchao has an average rating of “Sell”.

Zhongchao Trading Up 5.1%

The business has a 50-day moving average of $1.19 and a 200-day moving average of $74.61.

Zhongchao Company Profile

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.