Nano X Imaging Ltd (NASDAQ:NNOX)’s traded shares stood at 1.04 million during the last session, with the company’s beta value hitting 2.00. At the close of trading, the stock’s price was $5.85, to imply a decrease of -2.99% or -$0.18 in intraday trading. The NNOX share’s 52-week high remains $14.28, putting it -144.1% down since that peak but still an impressive 10.09% since price per share fell to its 52-week low of $5.26. The company has a valuation of $342.23M, with an average of 1.41 million shares in intraday trading volume over the past 10 days and average of 872.67K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Nano X Imaging Ltd (NNOX), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give NNOX a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.
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Nano X Imaging Ltd (NASDAQ:NNOX) trade information
After registering a -2.99% downside in the last session, Nano X Imaging Ltd (NNOX) has traded red over the past five days. The 5-day price performance for the stock is -4.10%, and -2.66% over 30 days. With these gigs, the year-to-date price performance is -8.16%. Short interest in Nano X Imaging Ltd (NASDAQ:NNOX) saw shorts transact 7.25 million shares and set a 10.11 days time to cover.
The extremes give us $18 and $18 for target low and target high price respectively. As such, NNOX has been trading -207.69% off suggested target high and -207.69% from its likely low.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Looking at statistics comparing Nano X Imaging Ltd share performance against respective industry, we note that the company has underperformed competitors. Nano X Imaging Ltd (NNOX) shares are -40.31% down over the last 6 months, with its year-to-date growth rate lower than industry average at 18.52% against 19.20%. The rating firms project that company’s revenue will grow 30.61% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 3.53M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 4.14M.Earnings reports from the last fiscal year show that sales brought in 2.48M and 2.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 42.52% before jumping 72.56% in the following quarter.
NNOX Dividends
Nano X Imaging Ltd has its next earnings report out on 2024-Nov-21. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is STATE STREET CORP with 0.96 million shares, or about 1.6632% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.07 million.
