Zynex, Inc Announces New Therapy Products
ZYXI Stock | USD 8.32 0.03 0.36% |
Under 74% of Zynex's investor base is looking to short. The analysis of overall sentiment of trading Zynex Inc stock suggests that many investors are alarmed at this time. Zynex's investing sentiment shows overall attitude of investors towards Zynex Inc.
Zynex |
Zynex, Inc. , an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, rehabilitation, and patient monitoring, announced the addition of three new therapy products centered around pain management. The new products include Zynex Pro Thoracic Lumbar Sacral Orthosis , a dual-purpose back brace for the mid and lower spine Zynex Pro Wrist, a wrist brace for a broad spectrum of wrist-related pain manag
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Zynex Investor Sentiment by Other News Outlets
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Zynex Fundamental Analysis
We analyze Zynex's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Zynex using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Zynex based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Zynex is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Zynex Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zynex stock to make a market-neutral strategy. Peer analysis of Zynex could also be used in its relative valuation, which is a method of valuing Zynex by comparing valuation metrics with similar companies.
Peers
Zynex Related Equities
EDAP | EDAP TMS | 1.24 | ||||
OMI | Owens Minor | 1.20 | ||||
MCK | McKesson | 0.34 | ||||
PDCO | Patterson Companies | 0.14 | ||||
CAH | Cardinal Health | 0.32 | ||||
HSIC | Henry Schein | 0.79 |
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