Nano X Imaging Ltd (NASDAQ: NNOX) is -22.08% lower on its value in year-to-date trading and has touched a low of $5.19 and a high of $11.39 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 $5.90 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $5.61, the stock is -4.17% and -16.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -4.92% at the moment leaves the stock -18.23% off its SMA200. NNOX registered -40.76% loss for a year compared to 6-month gain of -6.50%. The firm has a 50-day simple moving average (SMA 50) of $6.7918 and a 200-day simple moving average (SMA200) of $6.87355.
The stock witnessed a -10.81% loss in the last 1 month and extending the period to 3 months gives it a -17.01%, and is -5.87% 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 5.05% over the week and 6.49% over the month.
Nano X Imaging Ltd (NNOX) has around 164 employees, a market worth around $328.19M and $10.68M in sales. Profit margin for the company is -465.38%. Distance from 52-week low is 8.02% and -50.75% 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
174.0 institutions hold shares in Nano X Imaging Ltd (NNOX), with institutional investors hold 27.25% of the company’s shares. The shares outstanding are 58.52M, and float is at 53.08M with Short Float at 14.65%. Institutions hold 24.80% of the Float.
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 5.1973 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.
