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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Zynex (ZYXI - Free Report) . ZYXI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 15.21 right now. For comparison, its industry sports an average P/E of 20.45. ZYXI's Forward P/E has been as high as 27.23 and as low as 13.34, with a median of 17.06, all within the past year.
Finally, we should also recognize that ZYXI has a P/CF ratio of 26.71. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 33.60. ZYXI's P/CF has been as high as 33.50 and as low as 12.37, with a median of 17.33, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Zynex is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ZYXI feels like a great value stock at the moment.
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Should Value Investors Buy Zynex (ZYXI) Stock?
The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One stock to keep an eye on is Zynex (ZYXI - Free Report) . ZYXI is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 15.21 right now. For comparison, its industry sports an average P/E of 20.45. ZYXI's Forward P/E has been as high as 27.23 and as low as 13.34, with a median of 17.06, all within the past year.
Finally, we should also recognize that ZYXI has a P/CF ratio of 26.71. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 33.60. ZYXI's P/CF has been as high as 33.50 and as low as 12.37, with a median of 17.33, all within the past year.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Zynex is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ZYXI feels like a great value stock at the moment.