Zynex Inc. (ZYXI)

[Twinsoul]

Huge buying opportunity...

[penn33c]

Everyone should ask this fine gentleman what he thinks!! He's the best but my hope and guess is 32.50 by year end UFO is the Man

[whytestocks]

News: $ZYXI Why Zynex Stock Is Up Today

Shares of Zynex (NASDAQ: ZYXI) , a medical devices manufacturer, are up by 12.1% as of 12:22 p.m. EDT on Friday, after the company announced on Thursday that it had experienced an increase in orders during the second quarter. As a result, Zynex revised its second-quarter and full-year revenue...

Read the whole news ZYXI - Why Zynex Stock Is Up Today

[rado]

ZYXI has been on a tear even despite that short attack article.

[penn33c]

BUY BUY BUY Look at other reports Fake News

[Twinsoul]

Priceless joke... Another ridiculous attempt to prevent shorts from burning their asses.
Lame try.

[CID1957]

Guessing you are short on Zynex.

[brookc]

ZYXI short report:

We are short $ZYXI.

We believe $ZYXI core business - reselling generic 9-volt batteries and electrodes - is worthless and grossly misunderstood by retail investors and sell-side analysts

Retail investors have been drawn in by a growth story, unaware of the huge risks in $ZYXI business model. Actively-managed institutional ownership remains negligible - no institution, actively managed money or not, has owned more than 5% of shares since 2011


In reality $ZYXI is a parasitic business gouging insurers (and consumers), acting under the pretense of helping in the fight against the opioid epidemic. In fact we see similarities to Philidor in Zynex’s minimal R&D, monthly prescription auto-renewals, and routine copay waivers

We see cracks in the critical piece of $ZYXI's abuse of our healthcare system: abnormally high reimbursements. Gross margins fell below 80% for the first time since Q1 17 due to lower reimbursement from commercial payors. And revenue per order is down ~30% in the last two years

We find $ZYXI routinely waives deductibles and copays, a practice which is considered fraud by Medicare and which likely violates insurance law pertaining to commercial payors constituting breach of contract

We have been in contact with commercial and government investigators examining $ZYXI claims, including the Department of Insurance of large state investigating after an insurance company reported Zynex’s billing

Analysts mistake $ZYXI as a Medical Technology company. It’s actually a Durable Medical Equipment supplier - appropriate multiples would value the stock >80% lower even before accounting for risks we highlight.

The set-up for $ZYXI shares is increasingly precarious, up ~180% year to date vs the Health Care Select SPDR ETF $XLV at -2%. Last night’s news of Zynex addition to S&P 600 only exacerbates the mispricing.


https://seekingalpha.com/article/4352747-zynex-deteriorating-fundamentals-and-signs-of-reimbursement-pressure

[brookc]

ZYXI short report:

https://seekingalpha.com/article/4352747-zynex-deteriorating-fundamentals-and-signs-of-reimbursement-pressure

[JBInvesting]

Oh wow, that's big. I better buy me some more! I'm already pretty impressed with the financials and I know they have a new product line out.

[Twinsoul]

UP 17% A/H on uplisting news!!!
https://finance.yahoo.com/news/zynex-set-join-p-smallcap-215100621.html
WEEEEEE...
Hold on to your shares.
More and more fun in the ZYXI party...
Guys/galls, we are at the right place at the right moment.
IMHO this baby still has a long, long runway ahead...

[JBInvesting]

I hope you are right! I bought 100 share today for starters.

[Twinsoul]

I am extremely positive. Been following this company for a really, really long time...
Today's dip was a healthy consolidation.
My guess it'll linger around here for a couple of days.
But IMHO it'll take off again. Like a rocket. Yesterday we saw a bit of an example of what we'll be witnessing frequently in the months / years to come.
I repeat: my take is we have a winner, a HUGE winner here.
My estimate / goal: 100 bucks somewhere in 2021/2022.
To be more specific: 2:1 we'll reach 100 bucks in 2021.
JMHO.

[JBInvesting]

Today would have been a good day to buy. I went with TER instead. I might jump in tomorrow. Even if it dips, I think it will go back up to where it is now. The fundamentals are solid!

[penn33c]

Am I the only one watching? Or did you all sell already?

[JBInvesting]

Yeah, I saw that. I am keeping my eye on it.

[penn33c]

Has anyone seen that Zynex is in the top 100 in GROWTH ? I am looking for it now Penn33

[Twinsoul]

Healthy consolidation!
This company and its results are going to explode.
Started 2020 with apx. 120 direct sales reps.
At the Q1 CC (April 28) this number had already gone up to apx. 260.
Last week (May 18) they had 285 direct sales reps.
At this ‘hiring rate’ ZYNEX will reach its November 2020 goal of filling all 400 territories probably already by the end of September. And I don’t even exclude August.
In other words: within 8 or 9 months salesforce more than TRIPLING, while expanding the product range.
And don’t forget, the BVM still had to be launched.
The investment world still has no clue of what’s going to happen with ZYNEX...
We are still at the very early stages of the run this stock will make IMHO.
Very long and very strong...

[penn33c]

I love your positive attitude I am looking pre market BID $21.90 ask 22 BUCKS Sometimes that doesnt mean anything

[Twinsoul]

This company is firing on all cylinders. Agressive growth of future revenue more or less guaranteed, because of sales basis that has already been built.
Reps are being hired in a very rapid pace. 400 before EOY, tripling from a year before.
And taking into account that reps are increasing individual sales while getting more and more experienced.
I really won't be surprised if we double again within 6 months from now.
And on top of that we have the BVM, which has not even begun to generate revenues, while having even more potential than the pain relief product.
Long and strong. I even see 100 bucks in the cards for 2021/2022.
GLTA

[penn33c]

It just feels like its going to break out again I hope it does but you are correct this company is doing well!!

[rado]

ZYXI is doing great. And now is being awarded a PE of 63 for their great performance. Meanwhile they are growing revenues at 66% and still accelerating. Very interesting setup.

[AntiMarv]

Zyxi is the best small company in the USA! Where us can you find an 80 % gross margin business growing like this company? And that is before the potential of the blood monitoring device!

[JohnCM]

[Twinsoul]

75k, compared to his total holdings is peanuts.
Company is performing perfectly.
I don't mind him cashing out some pocket money.
This stock is acting extremely strong.
And will do so in the upcoming years, IMHO
We'll reach the 20-25 bucks area sooner than I expected earlier…
GLTA!

[Doubledown22]

Well it doesn't help our cause either that the Chairman and CEO Sandgaard has sold 75K shares this week. That's a vote of confidence for your company Mr. POS Sandgaard.

DD22

[Doubledown22]

And now they are dug in at $17 and selling about 11K shares in hopes of crushing any run this may have today. Thanks to some Chicken Little emotionally controlled, panic selling traders yesterday the shorts made $$ so they are hanging around doing their despicable work.

It's either that or just a dumb ass who is selling their entire block of shares at one price with a limit order versus selling in smaller increments on the way up. Currently they have won at discouraging an opening run past the $17 pps. It would be nice to have some whales or a new hedgie move in and take their shares quickly.

ALl IMHO.

DD22

[penn33c]

Shorts were hoping it to be a bad quarter well 15 good quarters in a row

[andranigian]

https://storytrading.com/groups/

[NDbeta]

Hey, how do i access the public whatsapp group for Zynex?

[Doubledown22]

Congratulations on the trade. Must be a lot of ZYXI longs bailing err umm exiting their positions especially in the last 2 hours. Too bad most were dumping their coveted shares at the bid and made this stock have an 11% intraday swing on what would have been an excellent day of gains.

Again, I hope it gaps huge in the morning to make up for the weak, fear filled close today.

DD22

[andranigian]

I’ve been on this board and in this stock since 2009. I closed my position today as the stock has increased a ton in a very short period. I’ll be listening to the conf call and wishing you all the best!

[Doubledown22]

All the Chicken Littles bailing out of the stock before the Earnings call this afternoon. I guess they just don't want to hold overnight and see how Mr Market reacts during tomorrow's session.

I hope it gaps up and runs into the 18s and they are left on the sidelines afraid. IMHO.

DD22

[Twinsoul]

Great, isn't it?
We'll get there, IMHO
And PPS will go way, way beyond...
JMHO

[penn33c]

Well we almost took the high out Friday

[Twinsoul]

Exactly. I would not be surprised if we'll see a new all time high on April 29.
And knowing that Q1 is traditionally the weakest Q, a solid Q2 might launch us into the 20 - 25 bucks area.
Good luck!

[andranigian]

Hope you are watching today. Just reread their last PR and it seems like q1 will really be great and I don’t think folks have understood just how good.

[penn33c]

I didn;t watch market today i was really surprised how ZYNEX did today!!!

[penn33c]

Maybe the shorts are running to hide (I hope this carries forward on regular trading in about 1/2 an hour GOOD LUCK

[andranigian]

It was a huge block trade after hours. 335k and 70k blocks. Not sure what it was but it’s worth noticing. ??

[penn33c]

There seemed to be a lot of volume at the end of the day any ideas on that? Maybe the shorts covering?

[andranigian]

You should join the WhatsApp group dedicated to folks tracking zynex and modeling the numbers. They are on top of it!

[penn33c]

I believe so

[UFO]

Hey Penn. I'm really out of the Zynex loop. I wouldn't be your best analyst right now, especially with Covid running amuck! Question? Aren't a large percentage of Zynex revenues still coming from insurance, including Medicare/Medicaid?

UFO

[penn33c]

I think maybe the great one should give us some insight on what the info that came from Zynex today!!! He is the best at this Penn33c

[penn33c]

I think Zynex could have sent out 6 to 8 press releases on all this information!!!

[penn33c]

Wow fun day to watch today!!!!! I love when there is strength at the end of the day.
I hope institutions are the people trying to get it Good luck everyone!!!

[penn33c]

And I think if you are selling products to doctors and hospitals you still could be seeing them

[Twinsoul]

Corona epidemic is slowing down! Read this and start buying now.
Mark my words. We are at the beginning of recovery.
The sell off has created HUGE opportunities in the market:
https://m.jpost.com/HEALTH-SCIENCE/Israeli-nobel-laureate-Coronavirus-spread-is-slowing-621145

[Twinsoul]

Overvalued stocks are getting hammered. ZYXI was (and is) way undervalued, health-related and has a HUGE future ahead.
No wonder investors keep buying this thing, even in a bloody market.