Is Zynex Stock a Good Investment?
Zynex Investment Advice | ZYXI |
- Examine Zynex's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Zynex's leadership team and their track record. Good management can help Zynex navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact Zynex's business and its evolving consumer preferences.
- Compare Zynex's performance and market position to its competitors. Analyze how Zynex is positioned in terms of product offerings, innovation, and market share.
- Check if Zynex pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Zynex's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Zynex Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Zynex Inc is a good investment.
Sell | Buy |
Hold
Market Performance | Insignificant | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Zynex Stock
Researching Zynex's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 51.0% of the company outstanding shares are owned by insiders. The company last dividend was issued on the 5th of January 2022. Zynex Inc had 11:10 split on the 5th of January 2022.
To determine if Zynex is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Zynex's research are outlined below:
| Zynex Inc had very high historical volatility over the last 90 days | |
| Zynex Inc is unlikely to experience financial distress in the next 2 years | |
| About 51.0% of the company outstanding shares are owned by insiders | |
| Latest headline from MacroaxisInsider: Disposition of 2000 shares by Thomas Sandgaard of Zynex at 8.67 subject to Rule 16b-3 |
Zynex Quarterly Good Will |
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Earnings surprises can significantly impact Zynex's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Zynex's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-10-24 | 2024-09-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2023-10-26 | 2023-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2022-07-28 | 2022-06-30 | 0.07 | 0.08 | 0.01 | 14 | ||
2021-07-29 | 2021-06-30 | 0.06 | 0.07 | 0.01 | 16 | ||
2021-02-25 | 2020-12-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2020-10-27 | 2020-09-30 | 0.05 | 0.04 | -0.01 | 20 | ||
2020-02-27 | 2019-12-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2019-04-30 | 2019-03-31 | 0.05 | 0.06 | 0.01 | 20 |
Know Zynex's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Zynex is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Zynex Inc backward and forwards among themselves. Zynex's institutional investor refers to the entity that pools money to purchase Zynex's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Rice Hall James & Associates, Llc | 2024-09-30 | 230.7 K | Two Sigma Advisers, Llc | 2024-06-30 | 210.1 K | Marshall Wace Asset Management Ltd | 2024-06-30 | 209.9 K | Bank Of New York Mellon Corp | 2024-06-30 | 192.8 K | D. E. Shaw & Co Lp | 2024-09-30 | 171.2 K | Northern Trust Corp | 2024-09-30 | 158.5 K | Janney Montgomery Scott Llc | 2024-09-30 | 144.4 K | Renaissance Technologies Corp | 2024-09-30 | 133.6 K | Congress Asset Management Company, Llp | 2024-09-30 | 116 K | Blackrock Inc | 2024-06-30 | 1.2 M | Vanguard Group Inc | 2024-09-30 | 1.2 M |
Zynex's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 265.91 M.Market Cap |
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Zynex's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.09 | 0.09 | |
| Return On Capital Employed | 0.09 | 0.10 | |
| Return On Assets | 0.07 | 0.07 | |
| Return On Equity | 0.21 | 0.22 |
Determining Zynex's profitability involves analyzing its financial statements and using various financial metrics to determine if Zynex is a good buy. For example, gross profit margin measures Zynex's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Zynex's profitability and make more informed investment decisions.
Evaluate Zynex's management efficiency
Zynex Inc has return on total asset (ROA) of 0.0399 % which means that it generated a profit of $0.0399 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1023 %, meaning that it created $0.1023 on every $100 dollars invested by stockholders. Zynex's management efficiency ratios could be used to measure how well Zynex manages its routine affairs as well as how well it operates its assets and liabilities. The Zynex's current Return On Tangible Assets is estimated to increase to 0.09. The Zynex's current Return On Capital Employed is estimated to increase to 0.1. As of now, Zynex's Non Current Assets Total are increasing as compared to previous years. The Zynex's current Non Currrent Assets Other is estimated to increase to about 429.4 K, while Other Assets are projected to decrease to 0.95.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.30 | 1.36 | |
| Tangible Book Value Per Share | 0.49 | 0.52 | |
| Enterprise Value Over EBITDA | 27.92 | 29.31 | |
| Price Book Value Ratio | 8.39 | 7.97 | |
| Enterprise Value Multiple | 27.92 | 29.31 | |
| Price Fair Value | 8.39 | 7.97 | |
| Enterprise Value | 337 M | 353.9 M |
The management strategies employed by Zynex's are designed to enhance shareholder value and ensure long-term growth. We assess the effectiveness of these strategies in our stock analysis.
Beta 0.535 |
Basic technical analysis of Zynex Stock
As of the 29th of November, Zynex maintains the Market Risk Adjusted Performance of 0.053, downside deviation of 3.07, and Mean Deviation of 2.16. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zynex Inc, as well as the relationship between them.Zynex's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Zynex insiders, such as employees or executives, is commonly permitted as long as it does not rely on Zynex's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Zynex insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Zynex's Outstanding Corporate Bonds
Zynex issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Zynex Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Zynex bonds can be classified according to their maturity, which is the date when Zynex Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Volcan Compania Minera Corp BondUSP98047AC08 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| US98981BAA08 Corp BondUS98981BAA08 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| US98980BAA17 Corp BondUS98980BAA17 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand Zynex's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Zynex's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.031 | |||
| Market Risk Adjusted Performance | 0.053 | |||
| Mean Deviation | 2.16 | |||
| Semi Deviation | 3.01 | |||
| Downside Deviation | 3.07 | |||
| Coefficient Of Variation | 3248.93 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.9 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.043 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.23 | |||
| Downside Variance | 9.43 | |||
| Semi Variance | 9.03 | |||
| Expected Short fall | (2.19) | |||
| Skewness | (0.02) | |||
| Kurtosis | 2.25 |
| Risk Adjusted Performance | 0.031 | |||
| Market Risk Adjusted Performance | 0.053 | |||
| Mean Deviation | 2.16 | |||
| Semi Deviation | 3.01 | |||
| Downside Deviation | 3.07 | |||
| Coefficient Of Variation | 3248.93 | |||
| Standard Deviation | 2.98 | |||
| Variance | 8.9 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.043 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 4.23 | |||
| Downside Variance | 9.43 | |||
| Semi Variance | 9.03 | |||
| Expected Short fall | (2.19) | |||
| Skewness | (0.02) | |||
| Kurtosis | 2.25 |
Consider Zynex's intraday indicators
Zynex intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Zynex stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Zynex Corporate Filings
F4 | 18th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 24th of October 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 12th of April 2024 Other Reports | ViewVerify | |
| 1st of April 2024 Other Reports | ViewVerify |
Zynex Stock media impact
Far too much social signal, news, headlines, and media speculation about Zynex that are available to investors today. That information is available publicly through Zynex media outlets and privately through word of mouth or via Zynex internal channels. However, regardless of the origin, that massive amount of Zynex data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Zynex news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Zynex relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Zynex's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Zynex alpha.
Zynex Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Zynex can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Zynex Corporate Management
| Anna Lucsok | Chief Officer | Profile | |
| Dave Anttila | Director HR | Profile | |
| Daniel Moorhead | Chief Officer | Profile | |
| Daniel CPA | Chief Officer | Profile | |
| Steve Fox | Executive Sales | Profile | |
| Chelle Burkleo | VP Sales | Profile |
Already Invested in Zynex Inc?
The danger of trading Zynex Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zynex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zynex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zynex Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zynex. If investors know Zynex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zynex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.30) | Earnings Share 0.14 | Revenue Per Share 5.984 | Quarterly Revenue Growth 0.001 | Return On Assets 0.0399 |
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zynex's market value can be influenced by many factors that don't directly affect Zynex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Zynex's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.