Where Will Zynex Inc. (ZYXI) Stock Go Next After It Is Higher By 9.21% in a Week?

Zynex Inc. (ZYXI) stock has risen 9.21% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Zynex Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZYXI!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ZYXI Stock Today?

Zynex Inc. (ZYXI) stock is trading at $9.37 as of 11:25 AM on Monday, Nov 6, a gain of $0.22, or 2.35% from the previous closing price of $9.15. The stock has traded between $9.12 and $9.39 so far today. Volume today is low. So far 72,328 shares have traded compared to average volume of 301,165 shares. To screen for more stocks like Zynex Inc. click here.

More About Zynex Inc.

Zynex Inc is engaged in the manufacturing and marketing of medical devices. It operates through one primary business segment, Electrotherapy and Pain Management Products. The business activities of the company are carried out through its subsidiaries. The company designs, manufacture, and markets medical devices that treat chronic and acute pain, as well as activate and exercise muscles for rehabilitative purposes with electrical stimulation. it also develops and markets medical devices for non-invasive cardiac monitoring, the products of which are under development. The company markets Zynex-manufactured products which include NexWave, NeuroMove, InWave E-Wave and others. Click Here to get the full Stock Report for Zynex Inc. stock.