Zynex Inc’s filing revealed that its CHIEF FINANCIAL OFFICER MOORHEAD DANIEL J unloaded Company’s shares for reported $78800.0 on Jan 02 ’25. In the deal valued at $7.88 per share,10,000 shares were sold. As a result of this transaction, MOORHEAD DANIEL J now holds 26,299 shares worth roughly $0.2 million.
Then, MOORHEAD DANIEL J sold 10,000 shares, generating $80,800 in total proceeds. Upon selling the shares at $8.08, the CHIEF FINANCIAL OFFICER now owns 35,190 shares.
Before that, Sandgaard Thomas sold 2,000 shares. Zynex Inc shares valued at $16,180 were divested by the PRESIDENT, CEO AND CHAIRMAN at a price of $8.09 per share. As a result of the transaction, Sandgaard Thomas now holds 14,603,662 shares, worth roughly $112.16 million.
RBC Capital Mkts initiated its Zynex Inc [ZYXI] rating to an Outperform in a research note published on October 16, 2023; the price target was $13. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Overweight”. B. Riley Securities also remained covering ZYXI and reiterated its “Buy” recommendation on February 28, 2022. B. Riley Securities revised its rating on July 16, 2021. It rated ZYXI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ZYXI
On Friday, Zynex Inc [NASDAQ:ZYXI] saw its stock fall -2.41% to $7.68. Over the last five days, the stock has lost -1.92%. Zynex Inc shares have fallen nearly -4.12% since the year began. Nevertheless, the stocks have fallen -22.11% over the past one year. While a 52-week high of $13.77 was reached on 01/07/25, a 52-week low of $7.15 was recorded on 01/14/25. SMA at 50 days reached $8.18, while 200 days put it at $9.00.
Levels Of Support And Resistance For ZYXI Stock
The 24-hour chart illustrates a support level at 7.50, which if violated will result in even more drops to 7.32. On the upside, there is a resistance level at 7.93. A further resistance level may holdings at 8.18. The Relative Strength Index (RSI) on the 14-day chart is 40.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.75%. Stochastics %K at 34.50% indicates the stock is a holding.
How much short interest is there in Zynex Inc?
A steep rise in short interest was recorded in Zynex Inc stocks on 2024-12-31, dropping by -0.12 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.69 million shares. There was a decline of -2.73%, which implies that there is a negative sentiment for the stock.
