Zynex Inc (NASDAQ: ZYXI). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Slight negative changes in Zynex Inc (NASDAQ: ZYXI) fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ZYXI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Zynex has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Zynex has a slightly positive Appreciation Score of 67 and a good Power Rating of 80, producing the Highest Value Trend Rating.
Recent Price Action
On 6/4/24, Zynex Inc (NASDAQ: ZYXI) stock suffered a large decline of -5.1%, closing at $9.35. Moreover, trading volume in this decline was exceptionally high at 347% of normal. The stock has declined -11.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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