The Director Of Zynex Inc. (ZYXI) Purchased 177,320 Shares

As of Wednesday close, Zynex Inc.’s (NASDAQ:ZYXI) stock was down -$1.95, moving down -21.98 percent to $6.92. The average number of shares traded per day over the past five days has been 875,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.74 fall in that time frame. In the last twenty days, the average volume was 522,815, while in the previous 50 days, it was 522,674.

Since last month, ZYXI stock retreated -4.55%. Shares of the company fell to $6.56 on 06/01/22, the lowest level in the past month. A 52-week high of $16.10 was reached on 01/05/22 after having rallying from a 52-week low of $4.97. Since the beginning of this year, ZYXI’s stock price has dropped by -22.88% or -$2.14, and marked a new high 3 times. However, the stock has declined by -57.02% since its 52-week high.

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Zynex Inc. (ZYXI) last reported insider trading activity 321 days ago on Aug 06. Sandgaard Thomas, the President, CEO and Chairman of the company, disposed of 177,320 shares for $15.17 on Aug 06. It resulted in a $2,689,820 divestment by the insider.

Valuation Metrics

Right now, Zynex Inc. (ZYXI) has a P/E ratio of about 14.18. The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 3.62, and the price-to-cash flow ratio of 26.30 may also be considered.

Financial Health

In the three months ended March 30, Zynex Inc.’s quick ratio stood at 3.10, while its current ratio was 3.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.13, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 79.60% percent. In the year ended March 30, operating margins totaled 18.50%. Based on annual data, ZYXI earned $102.98 million in gross profit and brought in $130.3 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.00%. Return on equity (ROE) for the past 12 months was 28.40%.

In Zynex Inc.’s quarter-end financial report for March 30, it reported total debt of $9.28 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZYXI’s revenue rose 22.36% to $40.37 million during the quarter, while net income inched up to $31.08 million. While analysts expected Zynex Inc. to report $0.05 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $2.63 million in EBITDA. The liabilities of Zynex Inc. were 56.22 million at the end of its most recent quarter ended March 30, and its total debt was $33.14 million. The value of shareholders’ equity is $39.05 million.

Technical Picture

This quick technical analysis looks at Zynex Inc.’s (ZYXI) price momentum. With a historical volatility rate of 163.55%, the RSI 9-day stood at 42.59% on 22 June.

With respect to its five-day moving average, the current Zynex Inc. price is down by -9.66% percent or -$0.74. At present, ZYXI shares trade -7.86% below its 20-day simple moving average and -3.89% percent below its 100-day simple moving average. However, the stock is currently trading approximately +13.82% above its SMA50 and -42.25% below its SMA200.

Stochastic coefficient K was 53.17% and Stochastic coefficient D was 60.47%, while ATR was 0.76. Given the Stochastic reading of 12.17% for the 14-day period, the RSI (14) reading has been calculated as 45.75%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at 0.21.

Analyst Ratings

B. Riley Securities reiterated its a Buy rating on Zynex Inc. (NASDAQ: ZYXI) in a note to investors. The analysts firm has however raised their price target to $10, representing a possible 55.35% increase in the stock price. Zynex Inc. (ZYXI) has been rated Overweight by analysts. According to 0 brokerage firms, ZYXI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Zynex Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $15.00, the current consensus forecast for the stock is $7.00 – $28.50. Based on these forecasts, analysts predict Zynex Inc. (ZYXI) will achieve an average price target of $16.38.


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