Zynex stock: buy or sell?

ZYXI stock price: $7.70 -10.05% At close on July 15th, 2019

Updated on:
July 15th, 2019

0

Zynex shares collapsed -10.05% to $7.70 today. With Monday it's been 5 sliding days in a row, loosing $-1.66 (-17.72%).

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ZYXI will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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

Daily outlook

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.

ZYXI stock chart (daily)

Weekly outlook

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%).

ZYXI stock chart (weekly)

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 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 detected any price target for Zynex stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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

Compared 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%.

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 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.
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 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:

ZYXIBABYFONRMDTMICR
Market cap$248.2 M$879.8 M$139.5 M$0.0 M$7.2 M
Total shares32.2 M34.0 M6.4 M0.0 M2.9 M
Float shares15.6 M32.3 M5.7 M1,340.0 M1.6 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 selling0.0%0.0%0.0%0.0%0.0%

Zynex summary

Monday, July 15th, 2019
Open$8.56
Close$7.70
Day range$7.45 - $8.72
Previous close$8.56
Session gain-10.05%
Average true range$0.85
50d mov avg$8.44
100d mov avg$6.71
200d mov avg$4.97
Daily patternlb01a
Weekly pattern lt06a

Zynex performance

Stocks 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:
Stock3m6m12m
ZYXIZynex45.01%131.23%164.60%
BABYNatus Medical7.61%-24.11%-21.01%
FONRFonar11.72%0.14%-19.67%
MDTMedtronic15.03%18.27%14.78%
MICRMicron Solutions-5.66%-7.75%-26.90%
RMTIRockwell Medical-42.64%-6.75%-28.81%

Zynex competitors

We selected a few stocks to conform a list of Zynex competitors to watch if you are interested in investing in ZYXI: