In the latest trading session,, 0.49 million Nano X Imaging Ltd (NASDAQ:NNOX) shares changed hands as the company’s beta touched 2.02. With the company’s most recent per share price at $6.54 changed hands at -$0.07 or -1.06% at last look, the market valuation stands at $382.59M. NNOX’s current price is a discount, trading about -118.35% off its 52-week high of $14.28. The share price had its 52-week low at $5.26, which suggests the last value was 19.57% up since then. When we look at Nano X Imaging Ltd’s average trading volume, we note the 10-day average is 1.3 million shares, with the 3-month average coming to 851.58K.
Analysts gave the Nano X Imaging Ltd (NNOX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NNOX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Nano X Imaging Ltd’s EPS for the current quarter is expected to be -0.22.
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Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Instantly NNOX was in red as seen in intraday trades today. With action 7.04%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 2.67%, with the 5-day performance at 7.04% in the green. However, in the 30-day time frame, Nano X Imaging Ltd (NASDAQ:NNOX) is 5.83% up. Looking at the short shares, we see there were 7.25 million shares sold at short interest cover period of 10.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 63.67% from its recent market value. According to analyst projections, NNOX’s forecast low is 18 with 18 as the target high. To hit the forecast high, the stock’s price needs a -175.23% plunge from its current level, while the stock would need to soar -175.23% for it to hit the projected low.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Data shows that the Nano X Imaging Ltd share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.42% over the past 6 months, a 18.52% in annual growth rate that is considerably lower than the industry average of 19.80%. Year-over-year growth is forecast to reach 30.60% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.53M. 3 analysts are of the opinion that Nano X Imaging Ltd’s revenue for the current quarter will be 4.14M. The company’s revenue for the corresponding quarters a year ago was 2.48M and 2.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.40%. The estimates for the next quarter sales put growth at 72.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -91.56%. The 2024 estimates are for Nano X Imaging Ltd earnings to increase by 19.04%.
NNOX Dividends
Nano X Imaging Ltd is expected to release its next quarterly earnings report on 2024-Nov-21.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
STATE STREET CORP holds the second largest percentage of outstanding shares, with 1.6632% or 0.96 million shares worth $7.07 million as of 2024-06-30.
