Zynex Plans New $10M Stock Buyback Program
Portfolio Pulse from Lekha Gupta
Zynex Inc (NASDAQ:ZYXI) announced a new $10 million stock buyback program, starting on June 14, 2023, and ending on June 13, 2024, or when the buyback limit is reached. The company plans to finance the purchases with existing cash balances, which is not expected to have a material impact on capital levels.

June 14, 2023 | 4:24 pm
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Zynex announced a $10 million stock buyback program, which is expected to be financed with existing cash balances. The stock price is up 9.63% at $9.45.
The announcement of the stock buyback program indicates that the company believes its stock is undervalued and is willing to invest in itself. This is generally seen as a positive signal by investors, which is reflected in the 9.63% increase in the stock price. The buyback program is expected to be financed with existing cash balances, which shows the company's strong financial position and is not expected to have a material impact on capital levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100