Hey penn. Not sure it matters what I think. The market is showing us a $8.36 low today on heavy volume and currently ZYXI's bounced to $8.90 as I type. So what's happened? This is a classic example of "sell on the news". I've said before Zynex was a long-term project. Yes, the earnings/revenue increases looked good year over year on a % basis, but at the end of the day...what did Zynex end up with in net earnings for the quarter? $2mm? I think some people are asking themselves the question, is a company netting $2mm a quarter worth a $300mm market cap, which is where Zynex is right now. Should a mature technology trade at a 35 P/E ratio? Roll out the blood volume product and all bets are off. Until something like that happens I see ZYXI caught in a range-bound trade between $6 and $12.
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