During the last session, Zynex Inc. (NASDAQ:ZYXI)’s traded shares were 0.37 million, with the beta value of the company hitting 0.86. At the end of the trading day, the stock’s price was $13.18, reflecting an intraday loss of -2.73% or -$0.37. The 52-week high for the ZYXI share is $22.89, that puts it down -73.67 from that peak though still a striking 4.93% gain since the share price plummeted to a 52-week low of $12.53. The company’s market capitalization is $455.37M, and the average intraday trading volume over the past 10 days was 0.2 million shares, and the average trade volume was 294.04K shares over the past three months.
Zynex Inc. (ZYXI) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. ZYXI has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.07.
Zynex Inc. (NASDAQ:ZYXI) trade information
Zynex Inc. (ZYXI) registered a -2.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.73% in intraday trading to $13.18 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is -1.35%, and it has moved by -9.35% in 30 days. Based on these gigs, the overall price performance for the year is -9.17%. The short interest in Zynex Inc. (NASDAQ:ZYXI) is 3.6 million shares and it means that shorts have 18.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $23.40, which implies an increase of 43.68% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.00 and $38.00 respectively. As a result, ZYXI is trading at a discount of -188.32% off the target high and -13.81% off the low.
Zynex Inc. (ZYXI) estimates and forecasts
Statistics show that Zynex Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Zynex Inc. (ZYXI) shares have gone down -18.84% during the last six months, with a year-to-date growth rate more than the industry average at 30.77% against 15.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -22.20% this quarter and then jump 175.00% in the quarter after that. In the rating firms’ projections, revenue will increase 66.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $31.26 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $35.53 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 36.80%. While earnings are projected to return -7.10% in 2021.
Zynex Inc. is due to release its next quarterly earnings between October 25 and October 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Zynex Inc. (NASDAQ:ZYXI)’s Major holders
Zynex Inc. insiders own 43.86% of total outstanding shares while institutional holders control 32.55%, with the float percentage being 57.99%. Blackrock Inc. is the largest shareholder of the company, while 189 institutions own stock in it. As of Mar 30, 2021, the company held over 3.09 million shares (or 9.58% of all shares), a total value of $47.17 million in shares.
The next largest institutional holding, with 1.24 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.85% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $18.96 million.
Also, the Mutual Funds coming in first place with the largest holdings of Zynex Inc. (ZYXI) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on May 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 1.3 million shares. This amounts to just over 4.05 percent of the company’s overall shares, with a $19.85 million market value. The same data shows that the other fund manager holds slightly less at 0.52 million, or about 1.61% of the stock, which is worth about $7.94 million.