Zynex stock: buy or sell?
July 15th, 2019
Should I buy Zynex stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Having a trading plan helps to make decisions easier, quicker and with less hesitations. 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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Zynex stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for ZYXI stock for the last month.
Zynex stock analysis
Shares of Zynex ended today at $7.70 and collapsed a spooky -10.05%.
Shares of Zynex collapsed a spooky -10.05% and closed at $7.70. ZYXI is soaring again after a 14.82% correction from its last top on Jul/2 at $9.92. In this session, Zynex stock crossed down the SMA50d line. If you are using SMA50d line as stop loss trigger, double check your position in this stock. On June/25, ZYXI hit a new all time high, pushing higher than on Jun 24th tops. Check different trading setups that use ATHs as triggers.
Shares of Zynex plummed a spooky -10.05% this week. By mid June ZYXI boosted an outstanding 20.60% in just one week.
Zynex stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Zynex marked late June, but since then it dropped a 34.47%. Since late January when SMA20w and SMA40w crossed up, ZYXI price gained $4.25 per share (123.19%). Since mid January when ZYXI stock price broke up the SMA40w line, it gained $4.70 (156.67%).
Zynex stock price history
Zynex IPO was on February 25th, 2004 at $1.58 per share1. Since then, ZYXI stock surged a 387.30%, with a yearly average of 25.80%. If you had invested right after ZYXI's IPO a $1,000 in Zynex stock in 2004, it would worth $3,873.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Zynex stock historical price chart
ZYXI stock reached all-time highs on June/25 with a price of $11.75.
Zynex stock price targetHow 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 detected any price target for Zynex stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Zynex presented its financial report, aligned with analysts' consensus and posted a $0.08 Earnings per Share. As soon as we get its actual EPS from the earnings report, we will update this report.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an amazing growth of 36.21% to $31.92 M USD. When comparing 2018 vs 2017, nonetheless, 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 M in revenues for 2018-Q4, a 14.83% up compared to previous quarter. Reported quarter income marked $2.62 million with a profit margin of 28.08%. Profit margin slightly fell a -3.78% compared to previous quarter when profit margin was 31.87%. When comparing turnover to same quarter last year, Zynex sales marked an extraordinary gain and skyrocketed a 14.79%. Looking back to recent quarterly results, Zynex posted 3 negative 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 buy shares of a company, it's worth to overview 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 stocks:
|Market cap||$248.2 M||$879.8 M||$139.5 M||$0.0 M||$7.2 M|
|Total shares||32.2 M||34.0 M||6.4 M||0.0 M||2.9 M|
|Float shares||15.6 M||32.3 M||5.7 M||1,340.0 M||1.6 M|
|- Institutional holdings (%)||0.2%||96.9%||52.9%||84.2%||12.7%|
|- Insider holdings (%)||54.9%||3.7%||3.1%||0.1%||40.4%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Monday, July 15th, 2019|
|Day range||$7.45 - $8.72|
|Average true range||$0.85|
|50d mov avg||$8.44|
|100d mov avg||$6.71|
|200d mov avg||$4.97|
Zynex performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Zynex to Natus Medical, Fonar, Medtronic, Micron Solutions and Rockwell Medical: