Zynex stock: buy or sell?

ZYXI stock price: $19.00 1.23% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

3

Zynex gained 1.23% on Friday to $19.00 after marking all time highs on May 18th. On May 15th ZYXI skyrocketed an outstanding 6.85%. On May/13 ZYXI collapsed a frightening -7.06%. Last session broke a streak of 4 red sessions.

Should I buy Zynex stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Zynex stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Zynex stock a buy?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't find any rating for ZYXI stock for the last month.

Zynex stock analysis

Daily outlook

After marking all time highs on May/18, Zynex gained 1.23% to $19.00.

After sliding for 4 days, Friday Zynex gained a good 1.23%, closing at $19.00. Since last March when ZYXI stock price broke up the SMA200d line, it gained $9.65 (103.21%). ZYXI shows a short term strength with several rising tops and rising bottoms. In the very short term, on Thursday it marked a new bottom at $18.07 that should act a support if Zynex starts a trading flat base in the range of $18.07 - $22.75 Trading the long side, we should wait to a new breakout over $22.75 to find the next buy point. Since March when SMA50d and SMA100d crossed up, ZYXI price gained $5.98 per share (45.93%). On May 18th, ZYXI hit new all time highs, pushing higher previous ATH of $22.48 recorded on May 12th. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

ZYXI stock chart (daily)

Weekly outlook

After climbing for 4 weeks, last week Zynex collapsed a scary -9.57%, closing at $19.00. By mid May ZYXI rocketed an outstanding 11.80% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now finally trading above the $15.27 resistance. It touched new all-time highs again this week, topping to $22.75. Late March ZYXI price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up late February, ZYXI price climbed $7.14 per share (60.20%).

ZYXI stock chart (weekly)

Zynex stock price history

Zynex IPO was on February 25th, 2004 at $1.58 per share1. Since then, ZYXI stock grew a 1,102.50%, with an average of 68.90% per year. If you had invested $1,000 in Zynex stock in 2004, it would worth $11,025.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Zynex stock historical price chart

ZYXI stock reached all-time highs on May/18 with a price of $22.75.

Zynex stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable 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 found any price target for Zynex stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report , Zynex . Unfortunately, reported EPS is not yet available in our database.
ZYXI earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q42018-02-280.090.111.1%
2018-Q12018-05-080.060.060.0%
2018-Q22018-08-020.080.07-12.5%
2018-Q32018-11-060.070.0814.3%
2018-Q42019-02-260.080.080.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Zynex annual revenues climbed an outstanding 36.21% to $31.92 million dollars from $23.43 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) slightly fell a -1.50% to 29.93%.

ZYXI annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$11 M-$-6.20 M-55.8%-
2015$12 M4.71%$-2.91 M-25.0%-53.04%
2016$13 M14.36%$0.07 M0.5%-102.37%
2017$23 M76.01%$7.37 M31.4%10,573.91%
2018$32 M36.21%$9.55 M29.9%29.69%

Quarterly financial results

Zynex reported $9.34 M in sales for 2018-Q4, a 14.83% improvement compared to previous quarter. Reported quarter earnings 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 revenues to same quarter last year, Zynex sales marked a dazzling growth and boosted a 14.79%. Looking back to recent quarterly results, Zynex posted 3 negative quarters in a row.
ZYXI quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q4$8 M-$3.31 M40.7%-
2018-Q1$7 M-15.47%$1.92 M27.9%-41.91%
2018-Q2$8 M10.14%$2.42 M31.9%25.87%
2018-Q3$8 M7.37%$2.59 M31.9%7.15%
2018-Q4$9 M14.83%$2.62 M28.1%1.20%

Zynex ownership

When you are planning to buy a stock, 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 49.75% of all shares.

In case of Zynex stock, 19.89% 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.

The following table compares ownership indicators for other stocks related to Zynex:

ZYXI
Market cap$630.6 M
Total shares33.2 M
Float shares16.8 M
  - Institutional holdings (%)19.9%
  - Insider holdings (%)49.8%
Shares in short selling0.0%

Zynex summary

Friday, May 22nd, 2020
Open$18.71
Close$19.00
Day range$18.14 - $19.26
Previous close$18.77
Session gain1.23%
Average true range$2.27
50d mov avg$14.40
100d mov avg$12.55
200d mov avg$11.05
Daily patternlb03a
Weekly pattern lb02c

Zynex performance

To better understand Zynex performance you must becnhmark its gains with other related stocks in same sector or industry. For Zynex, the benchmark is made against .
Stock3m6m12m
ZYXIZynex60.20%113.00%166.11%

Zynex competitors

Unfortunately, we could not find any public company that could be defined as Zynex competitor. This doesn't mean Zynex does not have any competitor in the market, it's just we could not detected it.