In the last trading session, 1.72 million shares of the Nano X Imaging Ltd (NASDAQ:NNOX) were traded, and its beta was 2.00. Most recently the company’s share price was $5.68, and it changed around -$0.17 or -2.91% from the last close, which brings the market valuation of the company to $322.36M. NNOX currently trades at a discount to its 52-week high of $14.28, offering almost -151.41% off that amount. The share price’s 52-week low was $5.26, which indicates that the current value has risen by an impressive 7.39% since then. We note from Nano X Imaging Ltd’s average daily trading volume that its 10-day average is 1.47 million shares, with the 3-month average coming to 875.08K.
Nano X Imaging Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended NNOX as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Nano X Imaging Ltd is expected to report earnings per share of -0.15 for the current quarter.
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Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Instantly NNOX has showed a red trend with a performance of -2.91% 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 6.95 on recent trading dayincreased the stock’s daily price by 18.27%. The company’s shares are currently down -10.83% year-to-date, but still down -22.51% over the last five days. On the other hand, Nano X Imaging Ltd (NASDAQ:NNOX) is -7.19% down in the 30-day period. We can see from the shorts that 7.25 million shares have been sold at a short interest cover period of 10.11 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 68.44% 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 fallen -41.74 percent over the past six months and at a 18.52% annual growth rate that is well below the industry average of 19.60%. The year-over-year growth rate is expected to be 30.61%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.53M in revenue for the current quarter. 3 analysts expect Nano X Imaging Ltd to make 4.14M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.48M and 2.4M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 42.52%. Forecasts for the next quarter put sales growth at 72.56%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -91.56%.
NNOX Dividends
Nano X Imaging Ltd’s next quarterly earnings report is expected to be released in December.
STATE STREET CORP, with 1.6632% or 0.96 million shares worth $7.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
