How to Buy Zynex Stock
Zynex Inc
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 $10.94, down 2.58% from the previous day, and has decreased 4.87% in one year. It has underperformed other stocks in the Medical Distribution industry by 0.4 percentage points. Zynex stock is currently +59.01% from its 52-week low of $6.88, and -25.83% from its 52-week high of $14.75.
At the moment, there are 32.17M ZYXI shares outstanding. The market capitalization of ZYXI is $351.94M. In the past 24 hours, 103,049 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.
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Open eToro AccountStep 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.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on a mobile trading app, you need to deposit funds:
Watch the walkthrough below for more details depositing funds into your investment account.
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
Fundamentals of Zynex
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ZYXI's stock page.
How is ZYXI stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ZYXI's fair value.
Using relative valuations methods:
- ZYXI may be overvalued based on its P/E ratio of 40.52x, relative to Medical Distribution industry P/E ratio of 26.23x
- ZYXI may be undervalued based on its P/B ratio of 7.63x, relative to Medical Distribution industry P/B ratio of 147.35x
- ZYXI could be overvalued based on its PEG ratio of 123.38x
You can access additional valuation analysis on ZYXI's stock here.
Is ZYXI a healthy company?
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the ZYXI balance sheet.
- ZYXI earnings of $13.67M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ZYXI balance sheet.
- ZYXI's operating cash flow of $17.76M allows it to safely service it's debt of $76.17M.
Failed Financial Due Diligence Checks:
- Total ZYXI debt is higher than 5 years ago, relative to shareholder equity.
- ZYXI has a relatively high debt to equity ratio of 1.97.
- ZYXI profit margin has gone down from 10.8% to 5.3% in the past year.
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
How are ZYXI Revenues/Earnings doing?
Last year, ZYXI earnings were $9.73M. In the past five year, ZYXI's earnings have grown by 0.45% per year. This was slower than the Medical Distribution industry average of 17.54%.
Last year, ZYXI revenue was $184.32M. Over the past 5 year, ZYXI's revenue has gone up by 42.01% per year. This was faster than the Medical Distribution industry average of 7.97%.
You can analyze ZYXI's earnings and revenue performance here.
Latest Insiders Trades at ZYXI
In the past 12 months, executives and large shareholders at ZYXI have sold more shares than they have bought.
Anna Lucsok, CHIEF OPERATING OFFICER of ZYXI, was the latest ZYXI insider to sell. They sold $97,741.28 worth of ZYXI shares on Mar 25, 2024.
Dig into more about who owns ZYXI stock here.
Does ZYXI provide a stable income stream?
No, Zynex doesn't provide an income stream by paying out dividends.
What do other investors have to say about ZYXI?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
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.
If you want more info about buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your ZYXI position
Now that you own some ZYXI stock, you'll want to keep up with your shares.
Add ZYXI to a watchlist to get alerted to the latest events about your ZYXI stock.
ZYXI Feed
How to Buy Stock in Zynex
To reiterate, here are the 6 steps you need to take to buy Zynex stock right now:
- Decide where to buy Zynex stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Evaluate Zynex stock
- Execute your ZYXI trade
- Keep an eye on your ZYXI position
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Zynex, click the button below.
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