Zynex Inc (NASDAQ: ZYXI) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.04 versus $0.20 for the same period a year ago — a decline of -80%. Relative to the consensus estimate of $0.19, this was a shortfall of $-0.14. For the latest four quarters through December 31, E.P.S. were $0.27 compared to $0.44 a year ago — a decline of -39%.
Recent Price Action
Zynex Inc (NASDAQ: ZYXI) stock rose modestly by 0.5% on 2/29/24. The stock closed at $13.56. However, this advance was accompanied by below average trading volume at 76% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ZYXI is expected to continue to be an important Value Builder.
Zynex has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Zynex has a neutral Appreciation Score of 42 but a very high Power Rating of 85, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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