Nano X Imaging Ltd (NASDAQ:NNOX) has a beta value of 2.01 and has seen 1.19 million shares traded in the recent trading session. The company, currently valued at $391.91M, closed the recent trade at $7.20 per share which meant it gained $0.31 on the day or 4.57% during that session. The NNOX stock price is -98.33% off its 52-week high price of $14.28 and 26.94% above the 52-week low of $5.26. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.75 million shares traded. The 3-month trading volume is 1.88 million shares.
The consensus among analysts is that Nano X Imaging Ltd (NNOX) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.15.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Sporting 4.57% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NNOX stock price touched $7.20 or saw a rise of 15.69%. Year-to-date, Nano X Imaging Ltd shares have moved 13.11%, while the 5-day performance has seen it change -14.02%. Over the past 30 days, the shares of Nano X Imaging Ltd (NASDAQ:NNOX) have changed 19.49%. Short interest in the company has seen 7.25 million shares shorted with days to cover at 10.11.
Wall Street analysts have a consensus price target for the stock at $18, which means that the shares’ value could jump 60.0% from the levels at last check today. The projected low price target is $18.0 while the price target rests at a high of $18.0. In that case, then, we find that the latest price level in today’s session is -150.0% off the targeted high while a plunge would see the stock gain -150.0% from the levels at last check today.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Figures show that Nano X Imaging Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -4.51% over the past 6 months, with this year growth rate of 14.81%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 22.10%.
3 analysts offering their estimates for the company have set an average revenue estimate of 3.8M for the current quarter. 2 have an estimated revenue figure of 5.5M for the next ending quarter. Year-ago sales stood 2.4M and 2.55M respectively for this quarter and the next, and analysts expect sales will grow by 58.53% for the current quarter and 22.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -91.56% over the past 5 years.
NNOX Dividends
Nano X Imaging Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
The top two institutional holders are BLACKROCK INC. with over 3.01 million shares worth more than $22.13 million. As of 2024-06-30, BLACKROCK INC. held 5.2067% of shares outstanding.
The other major institutional holder is STATE STREET CORP, with the holding of over 0.96 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.07 million and represent 1.6632% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Fidelity Small Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.44% shares in the company for having 1.41 shares of worth $10.15 million while later fund manager owns 558.07 shares of worth $4.01 million as of Aug 31, 2024, which makes it owner of about 0.97% of company’s outstanding stock.
