Is Zynex Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: ZYXI) stock is to Strong Buy ZYXI stock.
Out of 3 analysts, 2 (66.67%) are recommending ZYXI as a Strong Buy, 1 (33.33%) are recommending ZYXI as a Buy, 0 (0%) are recommending ZYXI as a Hold, 0 (0%) are recommending ZYXI as a Sell, and 0 (0%) are recommending ZYXI as a Strong Sell.
What is ZYXI's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: ZYXI) forecast ROE is 54.57%, which is considered strong.
What is ZYXI's Price Target?
According to 3 Wall Street analysts that have issued a 1 year ZYXI price target, the average ZYXI price target is $22.00, with the highest ZYXI stock price forecast at $28.00 and the lowest ZYXI stock price forecast at $18.00.
On average, Wall Street analysts predict that Zynex's share price could reach $22.00 by Apr 28, 2024. The average Zynex stock price prediction forecasts a potential upside of 136.31% from the current ZYXI share price of $9.31.
What is ZYXI's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: ZYXI) forecast ROA is 31.69%, which is higher than the forecast US Medical Devices industry average of 10.12%.
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