Zynex Common Stock vs Net Working Capital Analysis
ZYXI Stock | USD 10.15 0.23 2.32% |
Zynex financial indicator trend analysis is more than just analyzing Zynex Inc current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zynex Inc is a good investment. Please check the relationship between Zynex Common Stock and its Net Working Capital accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Common Stock vs Net Working Capital
Common Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zynex Inc Common Stock account and Net Working Capital. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Zynex's Common Stock and Net Working Capital is -0.13. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Zynex Inc, assuming nothing else is changed. The correlation between historical values of Zynex's Common Stock and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Zynex Inc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Common Stock i.e., Zynex's Common Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock
Net Working Capital
Most indicators from Zynex's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zynex Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. As of now, Zynex's Enterprise Value is increasing as compared to previous years.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 95K | 440K | 1.1M | 1.1M | Depreciation And Amortization | 2.3M | 3.1M | 4.2M | 4.4M |
Zynex fundamental ratios Correlations
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Zynex Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zynex fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 37.4M | 38.4M | 43.1M | 39.1M | 36.1M | 30.4M | |
Total Assets | 28.3M | 72.2M | 133.3M | 116.5M | 141.1M | 148.1M | |
Total Stockholder Equity | 19.7M | 56.9M | 73.9M | 66.4M | 46.1M | 48.4M | |
Retained Earnings | 14.4M | 23.4M | 0.0 | 17.0M | 26.8M | 28.1M | |
Other Current Assets | 315K | 1.4M | 689K | 868K | 3.3M | 3.5M | |
Other Stockholder Equity | 5.4M | 33.4M | 73.9M | 49.3M | 19.3M | 10.8M | |
Total Current Assets | 22.6M | 63.0M | 82.7M | 69.6M | 87.9M | 92.2M | |
Liabilities And Stockholders Equity | 28.3M | 72.2M | 133.3M | 116.5M | 141.1M | 148.1M | |
Total Liab | 8.6M | 15.3M | 59.3M | 50.1M | 94.9M | 99.7M | |
Short Long Term Debt Total | 4.7M | 7.3M | 35.1M | 27.0M | 76.2M | 80.0M | |
Other Current Liab | 1.8M | 3.3M | 9.8M | 6.0M | 5.5M | 5.8M | |
Total Current Liabilities | 5.2M | 10.1M | 22.9M | 21.1M | 18.5M | 19.5M | |
Property Plant And Equipment Net | 4.7M | 7.9M | 18.5M | 15.0M | 16.2M | 17.0M | |
Net Debt | (9.4M) | (31.8M) | (7.5M) | 6.8M | 31.6M | 33.2M | |
Accounts Payable | 2.1M | 4.7M | 4.7M | 5.6M | 8.4M | 8.9M | |
Non Current Assets Total | 5.7M | 9.2M | 50.6M | 46.9M | 53.2M | 55.9M | |
Net Receivables | 5.8M | 13.8M | 28.6M | 35.1M | 26.8M | 28.2M | |
Non Current Liabilities Total | 3.4M | 5.2M | 36.5M | 29.0M | 76.4M | 80.2M | |
Inventory | 2.4M | 8.6M | 10.8M | 13.5M | 13.1M | 13.8M | |
Property Plant And Equipment Gross | 4.7M | 7.9M | 18.5M | 15.0M | 18.4M | 19.3M | |
Short Term Debt | 1.3M | 2.1M | 8.3M | 7.9M | 3.9M | 2.7M | |
Property Plant Equipment | 4.9M | 1.9M | 18.9M | 2.2M | 2.5M | 3.0M | |
Non Currrent Assets Other | 509K | 668K | 974K | 861K | (7.7M) | (7.4M) | |
Cash | 14.0M | 39.2M | 42.6M | 20.1M | 44.6M | 46.8M | |
Other Assets | 842K | 913K | 1.3M | 2.2M | 1.0 | 0.95 | |
Cash And Short Term Investments | 14.0M | 39.2M | 42.6M | 20.1M | 44.6M | 46.8M | |
Net Tangible Assets | 19.7M | 56.9M | 43.5M | 36.9M | 42.4M | 44.5M | |
Retained Earnings Total Equity | 4.9M | 14.4M | 23.4M | 17.0M | 19.6M | 20.6M | |
Capital Surpluse | 9.2M | 37.2M | 80.4M | 82.4M | 94.8M | 99.5M | |
Capital Lease Obligations | 4.7M | 7.3M | 19.2M | 16.3M | 18.6M | 19.5M |
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When determining whether Zynex Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Zynex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Zynex Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Zynex Inc Stock:Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zynex Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Zynex's price analysis, check to measure Zynex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zynex is operating at the current time. Most of Zynex's value examination focuses on studying past and present price action to predict the probability of Zynex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zynex's price. Additionally, you may evaluate how the addition of Zynex to your portfolios can decrease your overall portfolio volatility.
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Is Zynex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Zynex. If investors know Zynex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Zynex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.99) | Earnings Share 0.23 | Revenue Per Share 5.474 | Quarterly Revenue Growth 0.103 | Return On Assets 0.0581 |
The market value of Zynex Inc is measured differently than its book value, which is the value of Zynex that is recorded on the company's balance sheet. Investors also form their own opinion of Zynex's value that differs from its market value or its book value, called intrinsic value, which is Zynex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Zynex's market value can be influenced by many factors that don't directly affect Zynex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Zynex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zynex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zynex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.