H.C. Wainwright Thinks TOMI Environmental Solutions’ Stock is Going to Recover

TOMI Environmental Solutions (TOMZResearch Report) received a Buy rating and a $3.50 price target from H.C. Wainwright analyst Amit Dayal today. The company’s shares closed last Monday at $1.97, close to its 52-week low of $1.07.

According to TipRanks.com, Dayal is a top 100 analyst with an average return of 56.3% and a 46.5% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Renovare Environmental, Ballard Power Systems, and Westport Fuel Systems.

TOMI Environmental Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.

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Based on TOMI Environmental Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.2 million and GAAP net loss of $486.6K. In comparison, last year the company earned revenue of $4.29 million and had a net profit of $1.02 million.

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TOMI Environmental Solutions, Inc. engages in the provision of disinfection and decontamination essentials under the brand name SteraMist. It operates through the following division: Hospital-HealthCare, Life Sciences, TOMI Service Network, and Food Safety. The company was founded by Halden S. Shane on September 18, 1979 and is headquartered in Beverly Hills, CA.

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