Nano X Imaging Ltd (NASDAQ: NNOX) Stock: Can It Change The Game?

In the last trading session, 0.57 million shares of the Nano X Imaging Ltd (NASDAQ:NNOX) were traded, and its beta was 2.05. Most recently the company’s share price was $7.02, and it changed around -$0.7 or -9.07% from the last close, which brings the market valuation of the company to $405.62M. NNOX currently trades at a discount to its 52-week high of $14.28, offering almost -103.42% off that amount. The share price’s 52-week low was $4.89, which indicates that the current value has risen by an impressive 30.34% since then. We note from Nano X Imaging Ltd’s average daily trading volume that its 10-day average is 0.91 million shares, with the 3-month average coming to 1.02 million.

Nano X Imaging Ltd (NASDAQ:NNOX) trade information

Instantly NNOX has showed a red trend with a performance of -9.07% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.10 on recent trading dayincreased the stock’s daily price by 22.86%. The company’s shares are currently up 10.20% year-to-date, but still down -19.31% over the last five days. On the other hand, Nano X Imaging Ltd (NASDAQ:NNOX) is 2.63% up in the 30-day period. We can see from the shorts that 6.61 million shares have been sold at a short interest cover period of 5.07 day(s).

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The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 61.0% 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 compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 24.03 percent over the past six months and at a 20.37% annual growth rate that is well above the industry average of 14.40%.

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

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

STATE STREET CORP, with 1.5382% or 0.87 million shares worth $8.47 million as of 2024-03-31, holds the second largest percentage of outstanding shares.