Are we looking at the next big move in Nano X Imaging Ltd (NNOX)?

Nano X Imaging Ltd (NASDAQ: NNOX) is 38.47% higher on its value in year-to-date trading and has touched a low of $5.26 and a high of $14.28 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 $9.25 in the last trading session, with the day’s gains setting it 0.72%.

Currently trading at $9.97, the stock is 30.61% and 48.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.37 million and changing 7.78% at the moment leaves the stock 32.00% off its SMA200. NNOX registered 60.29% gain for a year compared to 6-month loss of 39.05%. The firm has a 50-day simple moving average (SMA 50) of $6.624 and a 200-day simple moving average (SMA200) of $7.55855.

The stock witnessed a 58.76% gain in the last 1 month and extending the period to 3 months gives it a 57.01%, and is 31.36% 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 17.00% over the week and 12.61% over the month.

Nano X Imaging Ltd (NNOX) has around 164 employees, a market worth around $608.23M and $10.68M in sales. Profit margin for the company is -465.38%. Distance from 52-week low is 89.54% and -30.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.66%).

The EPS is expected to grow by 15.43% this year.

Nano X Imaging Ltd (NNOX) Top Institutional Holders

The shares outstanding are 58.52M, and float is at 53.02M with Short Float at 14.46%.

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.