Nano X Imaging Ltd (NASDAQ: NNOX): Do Not Miss The Gain Train

Nano X Imaging Ltd (NNOX) concluded trading on Thursday at a closing price of $6.24, with 19.91 million shares of worth about $124.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.96% during that period and on December 05, 2024 the price saw a loss of about -0.64%. Currently the company’s common shares owned by public are about 58.52M shares, out of which, 53.02M shares are available for trading.

Stock saw a price change of -0.64% in past 5 days and over the past one month there was a price change of 3.48%. Year-to-date (YTD), NNOX shares are showing a performance of -2.04% which increased to 5.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.26 but also hit the highest price of $14.28 during that period. The average intraday trading volume for Nano X Imaging Ltd shares is 974.20K. The stock is currently trading 0.45% above its 20-day simple moving average (SMA20), while that difference is up 2.81% for SMA50 and it goes to -20.28% lower than SMA200.

Nano X Imaging Ltd (NASDAQ: NNOX) currently have 58.52M outstanding shares and institutions hold larger chunk of about 18.25% of that.

The stock has a current market capitalization of $365.04M and its 3Y-monthly beta is at 2.01. It has posted earnings per share of -$0.86 in the same period. It has Quick Ratio of 4.56 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NNOX, volatility over the week remained 10.27% while standing at 8.84% over the month.

Stock’s fiscal year EPS is expected to rise by 15.43% while it is estimated to increase by 24.82% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on September 08, 2023 offering a Buy rating for the stock and assigned a target price of $14.50 to it. Coverage by Cantor Fitzgerald stated Nano X Imaging Ltd (NNOX) stock as an Overweight in their note to investors on January 05, 2023, suggesting a price target of $21 for the stock. Stock get an Overweight rating from Cantor Fitzgerald on September 15, 2020.

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