5 Best Micro-Cap Stocks to Invest In

In this article, we will take a look at the 5 best micro-cap stocks to invest in. You can read our detailed analysis of these and some other micro-cap stocks by going to 10 Best Micro-cap Stocks to Invest In.

5. Zynex, Inc. (NASDAQ:ZYXI)

No of Hedge Funds Holders: 7

Zynex, Inc. (NASDAQ: ZYXI) is a medical technology firm that focuses on the development and distribution of non-invasive medical devices for pain treatment, cardiac monitoring, stroke rehabilitation and neurological diagnostics. This company stands fifth on our list of best micro-cap stocks to invest in.

In the second quarter of 2021 Zynex, Inc. (NASDAQ: ZYXI) reported an EPS of $0.08, beating estimates by $0.01.

On July 16, investment advisory B. Riley upgraded Zynex, Inc. (NASDAQ: ZYXI) stock to Buy from Neutral and increased the price target to $19.5 from $19, appreciating the company’s improved profitability.

Zynex, Inc. (NASDAQ: ZYXI) recorded net revenue of $31.0 million in the second quarter, up 61% from the second quarter of 2020. Similarly, gross margins were 77%, while net income was $2.8 million. The company had $52.9 million in working capital at the end of the second quarter of 2021.

Our data shows that Citadel Investment Group is one the biggest stakeholders of Zynex, Inc. (NASDAQ: ZYXI) with 75,769 shares worth $1.2 million.

At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $2.8 million in Zynex, Inc. (NASDAQ: ZYXI), down from 6 the preceding quarter worth $8.1 million.