Nano-X Imaging Ltd. (NASDAQ:NNOX) trade information

Upright in the red during last session for losing -3.06%, in the last five days NNOX remained trading in the red while hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $6.98 price level, adding 10.4% to its value on the day. Nano-X Imaging Ltd.’s shares saw a change of -5.42% in year-to-date performance and have moved -6.43% in past 5-day. Nano-X Imaging Ltd. (NASDAQ:NNOX) showed a performance of -22.79% in past 30-days. Number of shares sold short was 7.0 million shares which calculate 7.11 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $23.67 to the stock, which implies a rise of 70.51% to its current value. Analysts have been projecting $14.50 as a low price target for the stock while placing it at a high target of $30.00. It follows that stock’s current price would drop -329.8% in reaching the projected high whereas dropping to the targeted low would mean a loss of -107.74% for stock’s current value.

Nano-X Imaging Ltd. (NNOX) estimates and forecasts

Statistics highlight that Nano-X Imaging Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.29% of value to its shares in past 6 months, showing an annual growth rate of 43.28% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 18.90% in the current quarter and calculating 65.10% increase in the next quarter. This year revenue growth is estimated to rise 38.60% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.3 million for the same. And 3 analysts are in estimates of company making revenue of $3.71 million in the next quarter that will end on Dec 2023. Company posted $2.44 million and $2.13 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 35.40% while estimating it to be 74.00% for the next quarter.

NNOX Dividends

Nano-X Imaging Ltd. is more likely to be releasing its next quarterly report between November 08 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Nano-X Imaging Ltd. (NASDAQ:NNOX)’s Major holders

Insiders are in possession of 13.43% of company’s total shares while institution are holding 19.51 percent of that, with stock having share float percentage of 22.53%. Investors also watch the number of corporate investors in a company very closely, which is 19.51% institutions for Nano-X Imaging Ltd. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NNOX for having 3.43 million shares of worth $23.97 million. And as of Jun 29, 2023, it was holding 6.23% of the company’s outstanding shares.

The second largest institutional holder is State Street Corporation, which was holding about 1.09 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 1.97% of outstanding shares, having a total worth of $7.57 million.

On the other hand, iShares Russell 2000 ETF and Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 1.04 million shares of worth $7.27 million or 1.89% of the total outstanding shares. The later fund manager was in possession of 0.41 million shares on Jun 29, 2023, making its stake of worth around $2.83 million in the company or a holder of 0.73% of company’s stock.