Yahoo Finance Is Zynex (ZYXI) Stock Undervalued Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One company to watch right now is Zynex (ZYXI). ZYXI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 13.58 right now. For comparison, its industry sports an average P/E of 20.83. Over the past year, ZYXI's Forward P/E has been as high as 27.23 and as low as 13.34, with a median of 16.96.
Finally, our model also underscores that ZYXI has a P/CF ratio of 24.58. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. ZYXI's current P/CF looks attractive when compared to its industry's average P/CF of 33.81. Within the past 12 months, ZYXI's P/CF has been as high as 33.50 and as low as 12.37, with a median of 17.60.
Value investors will likely look at more than just these metrics, but the above data helps show that Zynex is likely undervalued currently. And when considering the strength of its earnings outlook, ZYXI sticks out at as one of the market's strongest value stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Zynex Inc. (ZYXI) : Free Stock Analysis Report
