Analyst’s Sets Zynex Inc. (NASDAQ:ZYXI) New Target at $23.60: ZYXI is Now On A Buy List

Zynex Inc. (NASDAQ:ZYXI) has a beta of 0.77, a 12-month trailing P/E ratio of 60.17. The stock’s Relative Strength Index (RSI) is 49.64, with weekly volatility at 6.31% and ATR at 1.40. The ZYXI stock’s 52-week price range has touched low of $7.93 and a $29.73 high. Its shares traded higher over the last trading session, gaining 3.24% on 02/19/21. The shares fell to a low of $17.44 before closing at $17.87. Intraday shares traded counted 0.27 million, which was 52.09% higher than its 30-day average trading volume of 553.74K. ZYXI’s previous close was $17.31 while the outstanding shares total 34.49M.

Investors have identified the Medical Devices company Zynex Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $601.33 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Zynex Inc. (ZYXI) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 57.55 million total, with 7.29 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 0.48 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ZYXI sounds very interesting.

Is the stock of ZYXI attractive?

In related news, Chief Financial Officer, MOORHEAD DANIEL J bought 2,733 shares of the company’s stock in a transaction that recorded on Jul 30. The purchase was performed at an average price of 18.11, for a total value of 49,495. As the purchase deal closes, the President, CEO and Chairman, Sandgaard Thomas now sold 1,250,000 shares of the company’s stock, valued at 27,500,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 40.10%.

3 out of 5 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Zynex Inc.. 0 analysts has assigned a Sell rating on the ZYXI stock. The 12-month mean consensus price target for the company’s shares has been set at $23.60.

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