From here you can know whether ZYNEX INC’s stock should be bought or sold. ZYNEX INC shares future predictions for 2024, 2025, 2030, 2035, and 2050.
Zynex Stock Forecast 2024, 2025, 2026, 2027, 2028, 2030, 2035, 2040, 2050
Zynex Stock Price Prediction 2024
Based on analysis by stock experts, The share price range is set at $10.50 as the minimum, while after the year, the maximum target price for Zynex Stock Forecast is expected to be $17.50
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2024 | $10.50 | $17.50 |
Zynex Stock Price Prediction 2025
Based on analysis by stock experts, The share price range is set at $20 as the minimum, while after the year, the maximum target price for ZYNEX INC stock is expected to be $25.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2025 | $20 | $25 |
Zynex Stock Price Prediction 2026
Based on analysis by stock experts, The share price range is set at $30 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $35.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2026 | $30 | $35 |
ZYNEX INC Share Price Target 2027
Based on analysis by stock experts, The share price range is set at $40 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $45.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2027 | $40 | $45 |
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Zynex Stock Price Prediction 2030
Based on analysis by stock experts, The share price range is set at $110 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $150.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2030 | $110 | $150 |
Zynex Stock Forecast 2035
Based on analysis by stock experts, The share price range is set at $200 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $250
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2035 | $200 | $250 |
Zynex Stock Forecast 2040
Based on analysis by stock experts, The minimum target price for Zynex Stock is set at $550, while the mid-year maximum target price is projected to be $600.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2040 | $550 | $600 |
Zynex Stock Forecast 2045
Based on analysis by stock experts, The share price range is set at $1150 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $1350.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2045 | $1150 | $1350 |
Zynex Stock Forecast 2050
Based on analysis by stock experts, The share price range is set at $2000 as the minimum, while after the year, the maximum target price for ZYNEX INC shares is expected to be $2100.
| Year | 1st Target Rs. | 2nd Target Rs. |
| 2050 | $2000 | $2100 |
| Years | 1st Targets ($) | 2nd Targets ($) |
| 2024 | $10.50 | $17.50 |
| 2025 | $20 | $25 |
| 2026 | $30 | $35 |
| 2027 | $40 | $45 |
| 2030 | $110 | $150 |
| 2035 | $200 | $250 |
| 2040 | $550 | $600 |
| 2045 | $1150 | $1350 |
| 2050 | $2000 | $2100 |
About ZYNEX INC
Zynex, Inc. is a company specializing in the manufacturing of medical devices. It is known for producing and promoting electrotherapy devices designed for applications in pain management, physical rehabilitation, neurological diagnosis, and cardiac monitoring. Zynex Medical was founded by Thomas Sandgaard in 1996, and its headquarters are located in unincorporated Douglas County, Colorado, United States. Thomas Sandgaard has served as the CEO of the company since its inception. As of 2022, Zynex, Inc. has a workforce of 900 employees, and its revenue for the same year is reported to be 15.82 million USD.
ZYNEX INC – Fundamental Analysis
| Metric | Value |
|---|---|
| P/E Ratio (TTM) | 25.19 (01/05/24) |
| EPS (TTM) | $0.43 |
| Market Cap | $366.16 M |
| Shares Outstanding | 33.90 M |
| Public Float | 19.11 M |
| Yield | Not paying regular dividend |
| Latest Dividend | $0.100000001() |
| Ex-Dividend Date | 01/05/22 |
| SHORT INTEREST (12/15/23) | |
| Shares Sold Short | 5.01 M |
| Change from Last | 0.76% |
| Percent of Float | 26.22% |
ZYNEX INC: Last 5 Years’Stock Financial Condition
To enhance our comprehension of the market performance, let’s examine the historical outlook of this share in previous years. Nevertheless, investors should exercise caution by considering the associated risks and prevailing market conditions before making any investment decisions.
Last 5 Years’ Sales:
all value in USD
| PARTICULARS | March 2018 | March 2019 | March 2020 | March 2021 | March 2022 |
|---|---|---|---|---|---|
| Net Sales | 31,917.0 | 45,472.0 | 80,122.0 | 130,301.0 | 158,167.0 |
Last 5 Years’ Net Profit:
| Year | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Net Profit | 9,552.0 | 9,492.0 | 9,074.0 | 17,103.0 | 17,048.0 |
ZYNEX INC Limited Share peer’s company
- Micron Solutions Inc.
- Fonar Corp.
- Medtronic PLC
- Rockwell Medical Inc.
Future of ZYNEX INC Share Price
When evaluating the annual performance of all stocks, ZYXI emerges as an underperformer in the overall market, with 66% of all stocks exhibiting better results.
However, both the long and short-term trends for ZYXI are positive, indicating a favorable outlook.
Currently, ZYXI is displaying a bull flag pattern, a situation where prices experience a slight pullback following a strong upward movement. This presents a potential entry opportunity.
Belonging to the Health Care Equipment and supplies industry, ZYXI is one of 203 stocks in this sector, outperforming 61% of them.
As of now, ZYXI is trading midway within its 52-week range. It’s worth noting that while the S&P500 Index is reaching new highs, ZYXI is trailing behind, indicating a relative underperformance in comparison to the broader market.
Risk of ZYNEX INC stock
Zynex’s substantial insider ownership indicates a vested interest in the company’s growth, with the top 2 shareholders holding 54% of the business. Institutional ownership stands at 30%.
For investors in Zynex, Inc. (NASDAQ: ZYXI), understanding the influential shareholder groups is crucial. Notably, individual insiders hold the majority with a 45% ownership stake, implying that this group has the most at stake in terms of potential gains or losses from their investment.
However, it’s worth noting that insiders experienced significant losses last week, with the stock falling by 17%. To gain further insights into Zynex, let’s delve into what the various shareholder types can reveal about the company.
ZYNEX INC Share Price Summary
ZYNEX INC 52 Week Low and 52 Week High, Zynex Stock’s all-time high of 68300USD.
| Metric | Value |
|---|---|
| Open | 10.76 |
| High | 11.11 |
| Low | 10.74 |
| Market Cap | 36.58 Cr |
| P/E Ratio | 25.00 |
| Div Yield | – |
| 52-wk High | 17.25 |
| 52-wk Low | 6.88 |
Shareholding Pattern Of ZYNEX INC stocks
The major shareholders comprise BlackRock Inc., Vanguard Group Inc., Millennium Management Llc, VTSMX (Vanguard Total Stock Market Index Fund Investor Shares), Caption Management, LLC, IWM (iShares Russell 2000 ETF), Geode Capital Management, Llc, State Street Corp, VEXMX (Vanguard Extended Market Index Fund Investor Shares), and Renaissance Technologies Llc.
Should You Invest In ZYNEX INC Shares?
Most readers are likely aware that Zynex’s (NASDAQ: ZYXI) stock has experienced a significant 35% increase over the past three months. Given that the market typically values a company based on its long-term fundamentals, we have undertaken an examination of the company’s key performance indicators to explore their potential impact on the market. Specifically, our focus today is on Zynex’s Return on Equity (ROE).
Return on Equity, or ROE, serves as a metric to gauge how effectively a company is increasing its value and managing investors’ funds. In simpler terms, it is utilized to evaluate a company’s profitability to its equity capital.
Conclusion
This article serves as a comprehensive guide to the ZYNEX INC Share Price target.
The information and forecasts are derived from our analysis, research, company fundamentals, historical data, experiences, and various technical analyses. The article delves into the share’s prospects and growth potential in detail.
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Disclaimer:
Dear readers, please be advised that we are not authorized by SEBI (Securities and Exchange Board of India). The information provided on this site is solely for informational and educational purposes and should not be construed as financial advice or stock recommendations. Additionally, share price predictions are intended for reference purposes only and are valid only under positive market conditions.
This study does not consider any uncertainties regarding the company’s future or the current market conditions. While this information is for informational purposes, we disclaim any responsibility for potential financial losses incurred based on the information provided on this site. We aim to offer timely updates about the stock market and financial products to assist you in making informed investment decisions. It is crucial to conduct your research before making any investment decisions.