Nano X Imaging Ltd [NASDAQ: NNOX] traded at a low on Thursday, posting a -0.64 loss after which it closed the day’ session at $6.24.
The results of the trading session contributed to over 19910323 shares changing hands. Over the past one week, the price volatility of Nano X Imaging Ltd stands at 10.27% while the volatility over the past one month is 8.84%.
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The market cap for NNOX stock reached $365.04 million, with 58.52 million shares outstanding and 53.02 million shares in the current float. Compared to the average trading volume of 974.20K shares, NNOX reached a trading volume of 19910323 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 $12.33 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 1.00. 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.
Alliance Global Partners have made an estimate for Nano X Imaging Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 08, 2023. 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 January 05, 2023, representing the official price target for Nano X Imaging Ltd stock. Previously, the target price had yet another raise to $52, while Ladenburg Thalmann analysts kept a Buy rating on NNOX stock.
The Average True Range (ATR) for Nano X Imaging Ltd is set at 0.53, with the Price to Sales ratio for NNOX stock in the period of the last 12 months amounting to 34.18. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 0.97.
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 -0.64. With this latest performance, NNOX shares gained by 3.48% in over the last four-week period, additionally sinking by -22.96% over the last 6 months – not to mention a rise of 5.49% in the past year of trading.
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 51.29, with the RSI for the last a single of trading hit 51.17, and the three-weeks RSI is set at 50.84 for Nano X Imaging Ltd [NNOX]. The present Moving Average for the last 50 days of trading for this stock 6.07, while it was recorded at 6.30 for the last single week of trading, and 7.83 for the last 200 days.
Nano X Imaging Ltd [NNOX]: Deeper insight into the fundamentals
Nano X Imaging Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.56 and a Current Ratio set at 4.64.
Earnings analysis for Nano X Imaging Ltd [NNOX]
With the latest financial reports released by the company, Nano X Imaging Ltd posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NNOX.
Insider trade positions for Nano X Imaging Ltd [NNOX]
The top three institutional holders of NNOX stocks are: BLACKROCK INC. with ownership of 3.01 million shares, which is approximately 5.2067%. STATE STREET CORP, holding 0.96 million shares of the stock with an approximate value of $$7.07 million in NNOX stocks shares; and STATE STREET CORP, currently with $$6.34 million in NNOX stock with ownership which is approximately 1.4921%.
