Zynex stock: buy or sell?
May 21st, 2019
Should I buy Zynex stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, 2 buy setups are elegible for Zynex stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Zynex stock a buy?
Financial institutions and banks post stock ratings everyday.Unfortunately, we couldn't detect any rating for ZYXI stock for the last month.
Zynex stock analysis
After topping to all time highs today, Zynex boosted 5.19% today to $7.91.
After climbing to all-time highs several times in past weeks, Zynex boosted 5.19% to $7.91. Since SMA100d and SMA200d crossed up on January, ZYXI price climbed $4.21 per share (113.78%). From a daily perspective, ZYXI is in a short term uptrend after plotting its last bottom ($6.85, on May 9th) higher than the previous bottom, and its last top ($8.00, on Wednesday) also over the previous top. Now trading in between its last bottom and last top ZYXI might consolidate in a plain range, waiting to break out over $8.00 or down under $6.85. Since price and SMA200d lines crossed up on January, ZYXI climbed $4.90 (162.79%). Today, ZYXI hit new all time highs, pushing higher previous ATH of $8.00 recorded on Wednesday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Zynex shares topped new all time highs back again this week, setting highs to $8.00. Shares closed at $7.91 and boosted 6.32% during the week. For 5 weeks in a row, price soared and marked a profit of 49.52%.
Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $5.90 resistance. Since late January when SMA20w and SMA40w crossed up, ZYXI price gained $4.46 per share (129.28%). Since mid January when ZYXI stock price broke up the SMA40w line, it gained $4.91 (163.67%).
Zynex stock price history
Zynex IPO was on February 25th, 2004 at $1.58 per share1. Since then, ZYXI stock grew a 400.60%, with an average of 26.70% per year. If you had invested $1,000 in Zynex stock in 2004, it would worth $4,006.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Zynex stock historical price chart
ZYXI stock reached all-time highs today with a price of $8.00.
Zynex stock price targetNobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not detected any price prediction for Zynex stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Zynex presented its financial report, close to analysts' consensus and published a $0.08 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an amazing increase of 36.21% to $31.92 million dollars. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) declined a -1.50% to 29.93%.
|2014||$11 M||-||$-6.20 M-55.8%||-|
|2015||$12 M||4.71%||$-2.91 M-25.0%||-53.04%|
|2016||$13 M||14.36%||$0.07 M0.5%||-102.37%|
|2017||$23 M||76.01%||$7.37 M31.4%||10,573.91%|
|2018||$32 M||36.21%||$9.55 M29.9%||29.69%|
Quarterly financial resultsZynex posted $9.34 million in sales for 2018-Q4, a 14.83% up compared to previous quarter. Reported quarter income marked $2.62 M with a profit margin of 28.08%. Profit margin depreciated a -3.78% compared to previous quarter when profit margin was 31.87%. When comparing sales to same quarter last year, Zynex sales marked an extraordinary growth and boosted a 14.79%. Looking back to recent quarterly results, Zynex posted 3 positive quarters in a row.
|2017-Q4||$8 M||-||$3.31 M40.7%||-|
|2018-Q1||$7 M||-15.47%||$1.92 M27.9%||-41.91%|
|2018-Q2||$8 M||10.14%||$2.42 M31.9%||25.87%|
|2018-Q3||$8 M||7.37%||$2.59 M31.9%||7.15%|
|2018-Q4||$9 M||14.83%||$2.62 M28.1%||1.20%|
Zynex ownershipWhen you are planning to invest in shares of a company, it's worth to review its ownership structure.
Zynex shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 54.89% of all shares.
In case of Zynex stock, 0.19% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ZYXI stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related companies:
|Market cap||$255.0 M||$897.7 M||$134.5 M||$117.6 B||$282.1 M|
|Total shares||32.2 M||33.7 M||6.4 M||1,340.0 M||57.6 M|
|Float shares||15.2 M||32.3 M||5.7 M||1,340.0 M||52.3 M|
|- Institutional holdings (%)||0.2%||96.9%||52.9%||84.2%||38.1%|
|- Insider holdings (%)||54.9%||3.7%||3.1%||0.1%||19.6%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$7.55 - $8.00|
|Average true range||$0.50|
|50d mov avg||$5.59|
|100d mov avg||$4.80|
|200d mov avg||$3.90|
Zynex performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Zynex performance to Natus Medical, Fonar, Medtronic and Rockwell Medical: