Is Zynex, Inc. (ZYXI) Dependable Investment For Investors?

On Monday, shares of Zynex, Inc. (NASDAQ:ZYXI) marked $18.35 per share versus a previous $16.37 closing price. With having a 12.10% gain, an insight into the fundamental values of Zynex, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. ZYXI showed a rise of 133.16% within its YTD performance, with highs and lows between $6.11 – $18.38 during the period of 52 weeks, compared to the simple moving average of 79.32% in the period of the last 200 days.

Northland Capital equity researchers changed the status of Zynex, Inc. (NASDAQ: ZYXI) shares to a “Outperform” rating in the report published on April 1st, 2020. Other analysts, including H.C. Wainwright, also published their reports on ZYXI shares. H.C. Wainwright repeated the rating from the previous report, marking ZYXI under “Buy” rating, in the report published on September 23rd, 2019.

Zynex, Inc. (ZYXI) Analysis

The present dividend yield for ZYXI owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Zynex, Inc., the company needs to provide a healthy cash flow, currently at the value of 136.90. In addition, the growth of sales from quarter to quarter is recording 65.20%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Zynex, Inc. (ZYXI) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 54.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 3.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while ZYXI is currently recording an average of 424.05K in volumes. The volatility of the stock on monthly basis is set at 9.45%, while the weekly volatility levels are marked at 14.95%with 14.76% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $19.54, indicating growth from the present price of $18.35, which can represent yet another valuable research and analysis points that can help you decide whether to invest in ZYXI or pass.

What to Look for When Analyzing Zynex, Inc. Shares?

Zynex, Inc. (ZYXI) is based in the USA and it represents one of the well-known company operating with Healthcare sector. If you wish to compare ZYXI shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 61.99 for Zynex, Inc., while the value 25.66 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 0.30 is supported by the yearly EPS growth of -0.40%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 7.40%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 19.90% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in ZYXI Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in ZYXI in the recent period. That is how Next Century Growth Investors LLC now has an increase position in ZYXI by 37.60% in the first quarter, owning 856841 shares of ZYXI stocks, with the value of $9.49 million after the purchase of an additional 234,124 shares during the last quarter. In the meanwhile, Punch & Associates Investment Man also increased their stake in ZYXI shares changed 119.67% in the first quarter, which means that the company now owns 538575 shares of company, all valued at $5.96 million after the acquisition of additional 293,400 shares during the last quarter.

SSgA Funds Management, Inc. acquired a new position in Zynex, Inc. during the first quarter, with the value of $3.58 million, and Millennium Management LLC increased their stake in the company’s shares by 2,034.94% in the first quarter, now owning 256,911 shares valued at $2.98 million after the acquisition of the additional 269536 shares during the last quarter. In the end, Calamos Advisors LLC increased their position by 3.36% during the first quarter, now owning 258465 ZYXI shares, now holding the value of $2.86 million in ZYXI with the purchase of the additional 6,191 shares during the period of the last quarter. At the present, 19.90% of ZYXI shares are in the ownership of institutional investors.