Zynex shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its Q3 guidance below estimates. Additionally, multiple firms lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Zynex shares are trading lower after the company reported worse-than-expected Q2 financial results and lowered its Q3 guidance below estimates. Additionally, multiple firms lowered their respective price targets on the stock.
July 26, 2024 | 6:03 pm
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NEGATIVE IMPACT
Zynex shares are trading lower due to disappointing Q2 financial results and a reduction in Q3 guidance. Multiple firms have also lowered their price targets for the stock.
The company's worse-than-expected Q2 results and lowered Q3 guidance indicate potential financial struggles, leading to a negative market reaction. The reduction in price targets by multiple firms further exacerbates the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100