Zoox Stock is currently trading at a price of $0.00 on the OTCQB markets, with a market cap of $586.32M. This is the first time Zoox has been traded publicly since its IPO in April 2017, when it raised over $36M in under 3 minutes. The company’s primary focus is interspecies animal health care, and they sell their services to zoos and sanctuaries around the world. Their treatment centers include dogs, cats, horses, birds and other wildlife that cannot be fixed by traditional methods such as biopsies or surgery – which can be detrimental for those animals’ mental health as well as for their physical wellbeing if left untreated. Zoox stock price is currently at $0.00, a decrease of 97.43%.
What Is Zoox?
Zoox is a California-based corporation that operates as a veterinary care organization that specializes in treating animals of varied species. It was founded in 2013 by Australian natives Jesse Levinson and Tim Harrison, who met while studying at Stanford Business School. The company focuses on interspecies animal health care, and its services are used by zoos and sanctuaries worldwide to alleviate pain and discomfort among zoo animals through the use of therapeutics such as acupuncture, dry needling, shock wave therapy and electrical stimulation.
Zoox’s operational model is centered around on-site infrastructure and mobile care units that can travel to animals wherever they are. The company currently has a clinic for zoo-owned animals in Chino, California, with an additional one scheduled to open in San Francisco later this year. In 2017, Zoox was awarded the Founders Prize at the Global Social Venture Competition at Stanford University, as well as named among Forbes’ “10 Most Promising Companies in 2018.” “Zoox is a pioneer in identifying and treating pain and discomfort experienced by zoo animals on a global scale. The company offers veterinarians a comprehensive program of mobile diagnostics and treatment to address all aspects of animal health care.
Things You Need To Know About Zoox Stock Price Today :
1. Why Zoox Stock Falling
The introduction of the Zoox stock is hoped to help Zoox achieve its goal of working with 100 zoos and sanctuaries across the globe. Unfortunately, it took a step back from its primary mission in July when the company announced that it would be quitting its mobile veterinary clinics to focus solely on creating an autonomous and electric vehicle for driverless car transportation.
This decision was made with the intention of taking advantage of California’s recent passing of senate bill SB-1298, which allows self-driving vehicle testing on public roads without a driver behind the wheel. However, this left many investors and zoo owners feeling confused and worried about where Zoox would go next. Zoox stock fell to the current price of $0.00 as a result of this announcement.
2. Zoox Stock Gains From 2 Recent Developments
Zoox has seen a minor boost in shares over the past couple weeks after its design for an autonomous and electric vehicle for driverless car transportation was accepted into review by the California DMV. This is another step toward Zoo X’s goal of creating self-driving cars, and many investors are hoping that it will help their Zoox stock price rise above $0.00 again.
The company’s Zoox stock price also saw a small rise after it was announced that UBS had taken a position in Zoox stock. As one of the largest banks in the world, UBS has already said that it plans to invest $500 million into Zoox, and many investors are looking forward to seeing how this partnership will propel Zoox toward its goal of working with 100 zoos and sanctuaries across the globe.
3. Zoox Stock Price Today is $0.00
As you can see from our report above, Zoox stock is currently trading at $0.00 per share after being issued an initial IPO price of $15.00 per share back in April 2017. The stock has plummeted since that time, and many investors are asking “what is going on with Zoox stock price today?” If you’re considering investing in Zoox stocks, we hope that our report can help you understand what it is and how it might affect your investment.
4. Zoox Stock Price History
Zoox stock price has seen a significant decline since the initial IPO back in April 2017. On its first day of trading, Zoox stock reached a peak price of $15.00 to start out trading on the NASDAQ Global Market with an initial market cap of $602.84M. Although its peak price was short-lived and didn’t last long after that, Zoox stock still rose significantly for the next two weeks until July 11, 2017 when it announced that it would be leaving its core business to shift focus onto creating self-driving vehicles for driverless cars – which helped Zoox stock drop from its previous peak price to current levels at $0.00 per share after dropping 97.43%.
