Nano X Imaging Ltd (NASDAQ: NNOX) is -44.00% lower on its value in year-to-date trading and has touched a low of $3.75 and a high of $11.00 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 $4.91 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $4.99, the stock is -3.01% and -4.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.63% at the moment leaves the stock -17.92% off its SMA200. NNOX registered -30.69% loss for a year compared to 6-month loss of -32.48%. The firm has a 50-day simple moving average (SMA 50) of $5.2427 and a 200-day simple moving average (SMA200) of $6.090125.
The stock witnessed a -0.99% gain in the last 1 month and extending the period to 3 months gives it a 5.27%, and is -4.22% 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 3.57% over the week and 4.24% over the month.
Nano X Imaging Ltd (NNOX) has around 165 employees, a market worth around $318.17M and $11.55M in sales. Profit margin for the company is -472.19%. Distance from 52-week low is 33.07% and -54.64% from its 52-week high. The company has generated returns on investments over the last 12 months (-30.17%).
The EPS is expected to grow by 13.56% this year
180.0 institutions hold shares in Nano X Imaging Ltd (NNOX), with institutional investors hold 24.75% of the company’s shares. The shares outstanding are 63.82M, and float is at 63.43M with Short Float at 10.67%. Institutions hold 24.70% 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 1.6602 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 0.86 million shares representing 1.4895 and valued at over $6.34 million, while GEODE CAPITAL MANAGEMENT, LLC holds 1.1435 of the shares totaling 0.66 million with a market value of $4.87 million.
