Nano X Imaging Ltd (NASDAQ: NNOX) Stock: A Game-Changer?

In the last trading session, 1.03 million shares of the Nano X Imaging Ltd (NASDAQ:NNOX) were traded, and its beta was 2.13. Most recently the company’s share price was $8.60, and it changed around -$0.47 or -5.18% from the last close, which brings the market valuation of the company to $492.69M. NNOX currently trades at a discount to its 52-week high of $22.69, offering almost -163.84% off that amount. The share price’s 52-week low was $4.89, which indicates that the current value has risen by an impressive 43.14% since then. We note from Nano X Imaging Ltd’s average daily trading volume that its 3-month average coming to 4.03 million.

Nano X Imaging Ltd (NASDAQ:NNOX) trade information

Instantly NNOX has showed a red trend with a performance of -5.18% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 35.01% year-to-date, but still down -11.43% over the last five days. On the other hand, Nano X Imaging Ltd (NASDAQ:NNOX) is -22.17% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 52.22% from its current value. Analyst projections state that NNOX is forecast to be at a low of $18 and a high of $18.

Nano X Imaging Ltd (NNOX) estimates and forecasts

Nano X Imaging Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 47.01 percent over the past six months and at a 15.74% annual growth rate that is well below the industry average of 18.30%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -91.56%.