Nano X Imaging Ltd (NASDAQ: NNOX) is -10.05% lower on its value in year-to-date trading and has touched a low of $4.89 and a high of $14.28 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 $5.66 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.73, the stock is -4.71% and -8.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 1.24% at the moment leaves the stock -27.18% off its SMA200. NNOX registered 4.75% gain for a year compared to 6-month loss of -35.76%. The firm has a 50-day simple moving average (SMA 50) of $6.275 and a 200-day simple moving average (SMA200) of $7.8687.
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The stock witnessed a -3.37% gain in the last 1 month and extending the period to 3 months gives it a -33.29%, and is -4.66% 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 4.35% over the week and 4.52% over the month.
Nano X Imaging Ltd (NNOX) has around 164 employees, a market worth around $335.21M and $10.13M in sales. Profit margin for the company is -567.41%. Distance from 52-week low is 17.18% and -59.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.14%).
The EPS is expected to grow by 19.04% this year
The shares outstanding are 57.78M, and float is at 53.02M with Short Float at 13.69%.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.01 million shares valued at $22.13 million. The investor’s holdings represent 5.2067 of the NNOX Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 0.96 million shares valued at $7.07 million to account for 1.6632 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 0.86 million shares representing 1.4921 and valued at over $6.34 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.1456 of the shares totaling 0.66 million with a market value of $4.87 million.
