The closing price of Zynex Inc (NASDAQ: ZYXI) was $12.30 for the day, down -9.29% from the previous closing price of $13.56. In other words, the price has decreased by -$1.26 from its previous closing price. On the day, 1216086 shares were traded.
Ratios:
Our analysis of ZYXI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.91. For the most recent quarter (mrq), Quick Ratio is recorded 4.03 and its Current Ratio is at 4.74. In the meantime, Its Debt-to-Equity ratio is 1.65 whereas as Long-Term Debt/Eq ratio is at 1.57.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on October 16, 2023, initiated with a Outperform rating and assigned the stock a target price of $13.
On January 06, 2023, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $10 to $18.
B. Riley Securities reiterated its Buy rating for the stock on February 28, 2022, while the target price for the stock was revised from $15.50 to $10.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 04 when MOORHEAD DANIEL J sold 20,000 shares for $8.49 per share. The transaction valued at 169,800 led to the insider holds 24,179 shares of the business.
Lucsok Anna sold 12,000 shares of ZYXI for $100,920 on Aug 04. The Chief Operating Officer now owns 17,840 shares after completing the transaction at $8.41 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZYXI now has a Market Capitalization of 395.42M and an Enterprise Value of 419.26M. As of this moment, Zynex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.95, and their Forward P/E ratio for the next fiscal year is 13.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 7.19. Its current Enterprise Value per Revenue stands at 2.26 whereas that against EBITDA is 16.71.
Stock Price History:
Over the past 52 weeks, ZYXI has reached a high of $14.75, while it has fallen to a 52-week low of $6.88. The 50-Day Moving Average of the stock is 11.53, while the 200-Day Moving Average is calculated to be 9.40.
Shares Statistics:
ZYXI traded an average of 320.49K shares per day over the past three months and 327.94k shares per day over the past ten days. A total of 36.83M shares are outstanding, with a floating share count of 19.10M. Insiders hold about 43.65% of the company’s shares, while institutions hold 28.92% stake in the company. Shares short for ZYXI as of Feb 15, 2024 were 5.8M with a Short Ratio of 18.10, compared to 5.51M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.11% and a Short% of Float of 33.61%.
Dividends & Splits
The current Payout Ratio is 0.00% for ZYXI, which recently paid a dividend on Jan 21, 2022 with an ex-dividend date of Jan 05, 2022. Stock splits for the company last occurred on Dec 16, 2003 when the company split stock in a 1:40 ratio.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.03, while EPS last year was $0.04. The consensus estimate for the next quarter is $0.1, with high estimates of $0.11 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.55 and $0.54 for the fiscal current year, implying an average EPS of $0.54. EPS for the following year is $0.99, with 3 analysts recommending between $1.04 and $0.95.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $49.63M to a low estimate of $45.6M. As of the current estimate, Zynex Inc’s year-ago sales were $42.17M, an estimated increase of 13.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $54.62M, an increase of 21.50% over than the figure of $13.20% in the same quarter last year. There is a high estimate of $55.5M for the next quarter, whereas the lowest estimate is $54M.
A total of 4 analysts have provided revenue estimates for ZYXI’s current fiscal year. The highest revenue estimate was $235.9M, while the lowest revenue estimate was $228M, resulting in an average revenue estimate of $232.85M. In the same quarter a year ago, actual revenue was $184.32M, up 26.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $294.95M in the next fiscal year. The high estimate is $298.8M and the low estimate is $291.1M. The average revenue growth estimate for next year is up 26.70% from the average revenue estimate for this year.
