Below are the three companies in the Health Care Equipment industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Zynex (NASDAQ:ZYXI) is highest with forward earnings yield of 10.0%. Zynex Inc., through its subsidiary, markets electro therapy products which help improve life of patients who have functional disabilities. The Company's products include muscle stimulation, inferential, and TENS devices. Zynex products are intended for home use for stroke rehabilitation, spinal cord injury rehabilitation, incontinence, and other applications.
Zynex share prices have moved between a 52-week high of $1.01 and a 52-week low of $0.51 and are now trading 18% above that low price at $0.60 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.
Following is St Jude Medical (NYSE:STJ) with forward earnings yield of 8.8%.
Finishing up the top three is Orthofix International (NASDAQ:OFIX), with forward earnings yield of 8.2%.