Nano X Imaging Ltd (NNOX) Stock Could Soon Reward Patient Investors

Nano X Imaging Ltd (NASDAQ: NNOX) is -16.39% lower on its value in year-to-date trading and has touched a low of $5.27 and a high of $12.65 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 $6.30 in the last trading session, with the day’s loss setting it -0.28%.

Currently trading at $6.02, the stock is -14.61% and -20.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -4.44% at the moment leaves the stock -16.60% off its SMA200. NNOX registered -34.85% loss for a year compared to 6-month gain of -21.31%..

The stock witnessed a -31.20% loss in the last 1 month and extending the period to 3 months gives it a 5.80%, and is -10.42% 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 6.58% over the week and 6.85% over the month.

Nano X Imaging Ltd (NNOX) has around 164 employees, a market worth around $352.17M and $10.68M in sales. Profit margin for the company is -465.38%. Distance from 52-week low is 14.23% and -52.41% 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 17.59% this year.

Nano X Imaging Ltd (NNOX) Top Institutional Holders

The shares outstanding are 58.52M, and float is at 53.08M with Short Float at 12.91%.

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.