Zynex, Inc. , through its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation.
Zynex stock last closed at $9.01, up 2.04% from the previous day, and has decreased 0.44% in one year. It has underperformed other stocks in the Medical Distribution industry by 0.24 percentage points. Zynex stock is currently +26.01% from its 52-week low of $7.15, and -34.57% from its 52-week high of $13.77.
At the moment, there are 31.85M ZYXI shares outstanding. The market capitalization of ZYXI is $286.93M. In the past 24 hours, 83,993 ZYXI shares were traded.
How to Buy Zynex Stock
Not sure how to invest in Zynex stock? Here's how.
Decide where to buy Zynex stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Zynex stock.
Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
Deposit funds into your brokerage account: Pick your method of payment and add your info.
Evaluate Zynex stock: The Zynex ticker symbol is ZYXI. Is Zynex stock a good investment? Should you buy shares of ZYXI? How do ZYXI's underlying business fundamentals look? Do top analysts think Zynex is a good buy? Why has ZYXI's stock price moved recently? (Hint: Our stock research website can help you decide if ZYXI is a good stock to buy).
Execute your ZYXI trade: Decide if you will purchase ZYXI shares at the current market price or use a limit order to buy ZYXI shares at a given price.
Keep an eye on your ZYXI position: Create a watchlist to keep track of your investment in Zynex shares.
Step 1: Decide where to buy Zynex stock
You need an online brokerage account in order to access the NASDAQ market and buy ZYXI shares.
A brokerage account is an investment account that enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Open a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you are able to buy ZYXI stock today.
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Step 4: Evaluate Zynex stock
Once you have selected the best place to buy Zynex stock, it's critical to evaluate their stock prior to investing, so you can comprehend the risk as well as the upside.
Zynex quick stats
ZYXI Price
$9.01
1w %
2.85%
1y %
-0.44%
5y %
10.12%
P/E
64.36x
P/B
8.02x
P/S
1.48x
PEG
0.75x
Revenue
$193.67M
Earnings
$4.82M
Fore. Rev. Growth
11.6%
Fore. Earn. Growth
94.83%
Market Cap
$286.93M
Next Earnings
N/A
Next Dividend
N/A
Fundamentals of Zynex
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
There are more short-term assets than short-term liabilities on the ZYXI balance sheet.
ZYXI's operating cash flow of $16.46M allows it to safely service it's debt of $74.68M.
There are more short-term assets than long-term liabilities on the ZYXI balance sheet.
Failed Financial Due Diligence Checks:
ZYXI profit margin has gone down from 8.6% to 2.5% in the past year.
ZYXI has a relatively high debt to equity ratio of 2.52.
ZYXI earnings of $8.87M is not sufficient to cover its interest payments.
Total ZYXI debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Zynex stock, according to analysts?
Out of 2 Wall Street analysts who monitor ZYXI, the consensus analyst rating on ZYXI is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Zynex stock forecast page.
Metrics for Advanced ZYXI Traders
SMA10
8.76
SMA20
8.52
SMA50
8.18
SMA100
8.43
SMA200
10.01
MACD
0.21
MACD Signal
0.18
MACD Histogram
0.03
RSI
57.52
Stochastic %K
72.47
Stochastic %D
58.47
StochRSI %K
52.13
StochRSI %D
41.51
How are ZYXI Revenues/Earnings doing?
Last year, ZYXI earnings were $4.82M. In the past five year, ZYXI's earnings have grown by -11.3% per year. This was slower than the Medical Distribution industry average of 11.26%.
Last year, ZYXI revenue was $193.67M. Over the past 5 year, ZYXI's revenue has gone up by 36.65% per year. This was faster than the Medical Distribution industry average of 8.6%.
No, Zynex doesn't provide an income stream by paying out dividends.
What do other investors have to say about ZYXI?
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Step 5: Execute your ZYXI trade
You have two main options:
Market order: A market order is an order to buy or sell a security at the best possible price. Market orders are mostly fine for most investors.
Limit order: A limit order allows you to buy or sell a stock at a specific price (or better). If you want to be sure you're buying or selling at a specific price, place a limit order.
Press the Open Trade button and your broker will place your order.
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As of Nov 8, 2024, it costs $9.01 to buy one share of Zynex stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $4, you can buy 0.444 shares of ZYXI.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.