Nano-X Imaging Ltd. [NASDAQ: NNOX] slipped around -9.05 points on Thursday, while shares priced at $64.49 at the close of the session, down -12.31%. The company report on February 11, 2021 that Nanox Announces Pricing of Secondary Offering of Ordinary Shares.
NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, announced that it has priced the previously announced underwritten public offering of 3,091,635 of its ordinary shares by certain non-officer, non-director shareholders (the “selling shareholders”) at a public offering price of $62.50 per share. The offering is expected to close on or about February 16, 2021, subject to satisfaction of customary closing conditions.
Nanox is not selling any shares and will not receive any proceeds from the sale of its ordinary shares being offered by the selling shareholders.
Compared to the average trading volume of 1.64M shares, NNOX reached a trading volume of 6147105 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Nano-X Imaging Ltd. [NNOX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NNOX shares is $64.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NNOX stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Nano-X Imaging Ltd. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on September 15, 2020. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on September 15, 2020, representing the official price target for Nano-X Imaging Ltd. stock. Previously, the target price had yet another raise to $65, while Berenberg analysts kept a Buy rating on NNOX stock.
The Average True Range (ATR) for Nano-X Imaging Ltd. is set at 9.34 The Price to Book ratio for the last quarter was 10.25, with the Price to Cash per share for the same quarter was set at 5.53.
How has NNOX stock performed recently?
Nano-X Imaging Ltd. [NNOX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.35.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NNOX stock in for the last two-week period is set at 49.44, with the RSI for the last a single of trading hit 45.49, and the three-weeks RSI is set at 51.63 for Nano-X Imaging Ltd. [NNOX]. The present Moving Average for the last 50 days of trading for this stock 57.52, while it was recorded at 72.44 for the last single week of trading.
Nano-X Imaging Ltd. [NNOX]: Deeper insight into the fundamentals
Reflecting on the efficiency of the workforce at the company, Nano-X Imaging Ltd. [NNOX] managed to generate an average of -$1,128,150 per employee.Nano-X Imaging Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 40.10 and a Current Ratio set at 40.10.
Insider trade positions for Nano-X Imaging Ltd. [NNOX]
There are presently around $232 million, or 11.80% of NNOX stock, in the hands of institutional investors. The top three institutional holders of NNOX stocks are: CREDIT SUISSE AG/ with ownership of 1,000,000, which is approximately New of the company’s market cap and around 27.49% of the total institutional ownership; DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C), holding 762,000 shares of the stock with an approximate value of $49.14 million in NNOX stocks shares; and PHOENIX HOLDINGS LTD., currently with $15.42 million in NNOX stock with ownership of nearly New of the company’s market capitalization.
Positions in Nano-X Imaging Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 46 institutional holders increased their position in Nano-X Imaging Ltd. [NASDAQ:NNOX] by around 3,385,189 shares. Additionally, 7 investors decreased positions by around 86,517 shares, while 3 investors held positions by with 125,016 shares. The mentioned changes placed institutional holdings at 3,596,722 shares, according to the latest SEC report filing. NNOX stock had 40 new institutional investments in for a total of 3,333,261 shares, while 1 institutional investors sold positions of 25,000 shares during the same period.