Nano-X Imaging Ltd. (NASDAQ: NNOX) is 149.19% higher on its value in year-to-date trading and has touched a low of $5.31 and a high of $21.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NNOX stock was last observed hovering at around $19.71 in the last trading session, with the day’s loss setting it -1.32% off its average median price target of $32.00 for the next 12 months. It is also 45.91% off the consensus price target high of $34.00 offered by 2 analysts, but current levels are 38.7% higher than the price target low of $30.00 for the same period.
Currently trading at $18.39, the stock is 30.19% and 96.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.18 million and changing -6.70% at the moment leaves the stock 77.98% off its SMA200. NNOX registered 79.94% gain for a year compared to 6-month loss of 62.74%. The firm has a 50-day simple moving average (SMA 50) of $30.67 and a 200-day simple moving average (SMA200) of -$3.89.
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The stock witnessed a 190.52% gain in the last 1 month and extending the period to 3 months gives it a 143.90%, and is 5.03% up 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 12.45% over the week and 15.83% over the month.
Nano-X Imaging Ltd. (NNOX) has around 180 employees, a market worth around $991.59M and $8.60M in sales. Distance from 52-week low is 246.33% and -14.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-51.80%).
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 “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 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 08/08/2023.The EPS is expected to shrink by -69.10% this year.
Nano-X Imaging Ltd. (NNOX) Top Institutional Holders
The shares outstanding are 52.40M, and float is at 44.29M with Short Float at 14.16%.
Nano-X Imaging Ltd. (NNOX): Who are the competitors?
The company’s main competitors (and peers) include General Electric Company (GE) that is 73.19% higher over the past 12 months.