Zynex (NASDAQ:ZYXI – Get Free Report) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.050- for the period, compared to the consensus estimate of 0.160. The company issued revenue guidance of $50.0 million-, compared to the consensus revenue estimate of $60.2 million. Zynex also updated its FY 2024 guidance to 0.200- EPS.
Zynex Trading Down 12.4 %
Shares of ZYXI stock traded down $1.26 during trading on Friday, hitting $8.93. 1,034,596 shares of the stock traded hands, compared to its average volume of 124,147. The firm has a market capitalization of $283.71 million, a P/E ratio of 38.83 and a beta of 0.53. The company has a debt-to-equity ratio of 1.76, a current ratio of 3.58 and a quick ratio of 2.87. The firm’s fifty day moving average price is $9.55 and its 200-day moving average price is $11.06. Zynex has a 52-week low of $6.88 and a 52-week high of $13.77.
Zynex (NASDAQ:ZYXI – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.04). The firm had revenue of $49.88 million for the quarter, compared to analysts’ expectations of $51.99 million. Zynex had a net margin of 3.12% and a return on equity of 13.14%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. As a group, research analysts forecast that Zynex will post 0.51 earnings per share for the current fiscal year.
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About Zynex
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.
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