Zynex (NASDAQ:ZYXI) Raised to "Buy" at LADENBURG THALM/SH SH

Zynex (NASDAQ:ZYXI - Get Free Report) was upgraded by equities researchers at LADENBURG THALM/SH SH from a "neutral" rating to a "buy" rating in a report released on Friday. The firm currently has a $3.70 target price on the stock. LADENBURG THALM/SH SH's target price points to a potential upside of 65.92% from the stock's previous close.A number of other equities analysts have also recently commented on the company. HC Wainwright cut Zynex from a "buy" rating to a "neutral" rating in a report on Friday. Royal Bank Of Canada lowered their price target on Zynex from $4.00 to $3.00 and set a "sector perform" rating for the company in a report on Tuesday, July 15th.Check Out Our Latest Report on ZynexZynex Stock PerformanceNASDAQ:ZYXI opened at $2.23 on Friday. The stock has a fifty day moving average price of $2.36 and a 200-day moving average price of $3.85. The company has a market cap of $67.43 million, a price-to-earnings ratio of -9.29 and a beta of 0.83. The company has a debt-to-equity ratio of 2.87, a quick ratio of 2.63 and a current ratio of 3.46. Zynex has a fifty-two week low of $1.66 and a fifty-two week high of $9.42. Zynex (NASDAQ:ZYXI - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.33) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.09). Zynex had a negative return on equity of 23.70% and a negative net margin of 4.30%. The business had revenue of $26.58 million for the quarter, compared to analyst estimates of $30.83 million. As a group, equities analysts anticipate that Zynex will post 0.2 EPS for the current fiscal year. Hedge Funds Weigh In On ZynexA number of institutional investors and hedge funds have recently bought and sold shares of ZYXI. American Century Companies Inc. increased its holdings in Zynex by 4.4% in the 4th quarter. American Century Companies Inc. now owns 35,696 shares of the company's stock worth $286,000 after purchasing an additional 1,516 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Zynex in the 4th quarter worth about $211,000. JPMorgan Chase & Co. increased its holdings in Zynex by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 42,997 shares of the company's stock worth $344,000 after purchasing an additional 2,012 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Zynex by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 443,020 shares of the company's stock valued at $3,549,000 after buying an additional 17,511 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Zynex by 2.8% in the fourth quarter. Renaissance Technologies LLC now owns 137,362 shares of the company's stock valued at $1,100,000 after buying an additional 3,800 shares during the period. Institutional investors and hedge funds own 29.68% of the company's stock. Zynex Company Profile (Get Free Report)Zynex, Inc, together with its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation. The company offers NexWave, a dual channel, multi-modality interferential current, transcutaneous electrical nerve stimulation, and neuromuscular electrical stimulation (NMES) device that is marketed to physicians and therapists by field sales representatives; NeuroMove, an electromyography and electric stimulation technology device; InWave, an electrical stimulation product for the treatment of female urinary incontinence; E-Wave, an NMES device; M-Wave, an NMES device.Featured ArticlesFive stocks we like better than ZynexUtilities Stocks Explained – How and Why to Invest in UtilitiesTesla Teams With Samsung—Will Other Chipmakers Follow?What Do S&P 500 Stocks Tell Investors About the Market? Newmont's Financial Strength Sets a High Bar for Gold MinersGolden Cross Stocks: Pattern, Examples and Charts Golden Cross Alert: 3 Stocks With Serious Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Zynex Right Now?Before you consider Zynex, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zynex wasn't on the list.While Zynex currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here