Nano-X Imaging Ltd. (NASDAQ: NNOX) is -12.22% lower on its value in year-to-date trading and has touched a low of $20.25 and a high of $94.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NNOX stock was last observed hovering at around $41.03 in the last trading session, with the day’s loss setting it -0.95% off its average median price target of $61.50 for the next 12 months. It is also 40.18% off the consensus price target high of $67.00 offered by 3 analysts, but current levels are 28.43% higher than the price target low of $56.00 for the same period.
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Currently trading at $40.08, the stock is -8.25% and -24.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing -2.32% at the moment leaves the stock -10.21% off its SMA200. NNOX registered a gain of 14.35% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $44.54 and a 200-day simple moving average (SMA200) of $45.91.
The stock witnessed a -0.32% loss in the last 1 month and extending the period to 3 months gives it a -12.64%, and is -3.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.60% over the week and 11.09% over the month.
Distance from 52-week low is 97.88% and -57.73% from its 52-week high.
Nano-X Imaging Ltd. (NNOX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nano-X Imaging Ltd. (NNOX) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Nano-X Imaging Ltd. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at -$0.24.The EPS is expected to shrink by -141.80% this year.
Nano-X Imaging Ltd. (NNOX) Top Institutional Holders
86 institutions hold shares in Nano-X Imaging Ltd. (NNOX), with 12.91M shares held by insiders accounting for 28.01% while institutional investors hold 14.79% of the company’s shares. The shares outstanding are 45.99M, and float is at 33.63M with Short Float at 5.54%. Institutions hold 10.65% of the Float.
The top institutional shareholder in the company is Credit Suisse Ag/ with over 0.46 million shares valued at $21.1 million. The investor’s holdings represent 1.00% of the NNOX Shares outstanding. As of Dec 30, 2020, the second largest holder is Phoenix Holdings Ltd. with 0.24 million shares valued at $10.92 million to account for 0.52% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.21 million shares representing 0.46% and valued at over $9.79 million, while Allianz Asset Management GmbH holds 0.44% of the shares totaling 0.2 million with a market value of $9.21 million.