Nano X Imaging Ltd [NASDAQ: NNOX] surged by $0.42 during the normal trading session on Thursday and reaching a high of $3.98 during the day while it closed the day at $3.45.
Nano X Imaging Ltd stock has also gained 18.15% of its value over the past 7 days. However, NNOX stock has declined by -15.02% in the 3 months of the year. Over the past six months meanwhile, it has lost -34.16% and lost -39.26% year-on date.
The market cap for NNOX stock reached $219.98 million, with 63.76 million shares outstanding and 63.45 million shares in the current float. Compared to the average trading volume of 1.26M shares, NNOX reached a trading volume of 6483753 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $7.33 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.
D. Boral Capital have made an estimate for Nano X Imaging Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 06, 2025. While these analysts kept the previous recommendation, Alliance Global Partners raised their target price to Buy. The new note on the price target was released on September 08, 2023, representing the official price target for Nano X Imaging Ltd stock. Previously, the target price had yet another raise to $21, while Cantor Fitzgerald analysts kept a Overweight rating on NNOX stock.
The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 0.81.
NNOX stock trade performance evaluation
Nano X Imaging Ltd [NNOX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.15. With this latest performance, NNOX shares dropped by -13.97% in over the last four-week period, additionally sinking by -34.16% over the last 6 months – not to mention a drop of -52.08% 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 50.74, with the RSI for the last a single of trading hit 0.32, and the three-weeks RSI is set at 0.26 for Nano X Imaging Ltd [NNOX]. The present Moving Average for the last 50 days of trading for this stock 3.73, while it was recorded at 3.12 for the last single week of trading, and 4.82 for the last 200 days.
Nano X Imaging Ltd [NNOX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Nano X Imaging Ltd [NNOX] shares currently have an operating margin of -484.86% and a Gross Margin at -104.15%. Nano X Imaging Ltd’s Net Margin is presently recorded at -468.29%.
Nano X Imaging Ltd (NNOX) Capital Structure & Debt Analysis
According to recent financial data for Nano X Imaging Ltd. ( NNOX), the Return on Equity (ROE) stands at -32.87%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -29.30%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Nano X Imaging Ltd’s Return on Invested Capital (ROIC) is -33.27%, showcasing its effectiveness in deploying capital for earnings.
Nano X Imaging Ltd (NNOX) Efficiency & Liquidity Metrics
Based on Nano X Imaging Ltd’s (NNOX) latest financial statements, the Debt-to-Equity Ratio is 0.05%, indicating its reliance on debt financing relative to shareholder equity.
Nano X Imaging Ltd (NNOX) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Nano X Imaging Ltd. (NNOX) effectively leverages its workforce, generating an average of -$337333.33 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.19% and a Quick Ratio of 4.03%, indicating strong ability to cover short-term liabilities.
Earnings per share (EPS) analysis for Nano X Imaging Ltd [NNOX] stock
With the latest financial reports released by the company, Nano X Imaging Ltd posted -0.17/share EPS, while the average EPS was predicted by analysts to be reported at -0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nano X Imaging Ltd go to 32.69%.
Nano X Imaging Ltd [NNOX]: Institutional Ownership
There are presently around $21.14%, or 21.18%% of NNOX stock, in the hands of institutional investors. The top three institutional holders of NNOX stocks are: BLACKROCK INC. with ownership of 3.01 million shares, which is approximately 5.1973%. 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 1.4895%.
