November 20, 2023, Zynex Inc (NASDAQ: ZYXI) trading session started at the price of $8.59, that was 5.15% jump from the session before. During the day, the shares moved up to $9.03 and dropped to $8.46 before settling in for the closing price of $8.55. A 52-week range for ZYXI has been $6.88 – $17.25.
Annual sales at Healthcare sector company grew by 47.78% over the past five years. When this article was written, the company’s average yearly earnings per share was at -7.73%. With a float of $19.11 million, this company’s outstanding shares have now reached $36.83 million.
Let’s look at the performance matrix of the company that is accounted for 900 employees. In terms of profitability, gross margin is +79.77, operating margin of +14.50, and the pretax margin is +14.03.
Zynex Inc (ZYXI) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Zynex Inc stocks. The insider ownership of Zynex Inc is 43.62%, while institutional ownership is 31.04%. The most recent insider transaction that took place on Aug 04, was worth 169,800. In this transaction Chief Financial Officer of this company sold 20,000 shares at a rate of $8.49, taking the stock ownership to the 24,179 shares. Before that another transaction happened on Aug 04, when Company’s Chief Operating Officer sold 12,000 for $8.41, making the entire transaction worth $100,920. This insider now owns 17,840 shares in total.
Zynex Inc (ZYXI) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.1 earnings per share (EPS) during the time that was better than consensus figure (set at $0.09) by $0.01. This company achieved a net margin of +10.78 while generating a return on equity of 24.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.73% per share during the next fiscal year.
Zynex Inc (NASDAQ: ZYXI) Trading Performance Indicators
You can see what Zynex Inc (ZYXI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.64. Likewise, its price to free cash flow for the trailing twelve months is 19.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.43, a number that is poised to hit 0.17 in the next quarter and is forecasted to reach 0.54 in one year’s time.
Technical Analysis of Zynex Inc (ZYXI)
Zynex Inc (NASDAQ: ZYXI) saw its 5-day average volume 0.41 million, a positive change from its year-to-date volume of 0.34 million. As of the previous 9 days, the stock’s Stochastic %D was 24.40%. Additionally, its Average True Range was 0.40.
During the past 100 days, Zynex Inc’s (ZYXI) raw stochastic average was set at 59.10%, which indicates a significant increase from 51.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.85% in the past 14 days, which was lower than the 50.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.33, while its 200-day Moving Average is $9.66. Nevertheless, the first resistance level for the watch stands at $9.19 in the near term. At $9.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.76. If the price goes on to break the first support level at $8.62, it is likely to go to the next support level at $8.26. Assuming the price breaks the second support level, the third support level stands at $8.05.
Zynex Inc (NASDAQ: ZYXI) Key Stats
There are 33,904K outstanding shares of the company, which has a market capitalization of 304.76 million. As of now, sales total 158,170 K while income totals 17,050 K. Its latest quarter income was 49,920 K while its last quarter net income were 3,590 K.