In last trading session, Nano X Imaging Ltd (NASDAQ:NNOX) saw 2.33 million shares changing hands with its beta currently measuring 1.98. Company’s recent per share price level of $6.57 trading at -$0.14 or -2.09% at ring of the bell on the day assigns it a market valuation of $384.35M. That closing price of NNOX’s stock is at a discount of -117.35% from its 52-week high price of $14.28 and is indicating a premium of 19.94% from its 52-week low price of $5.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.25 million shares which gives us an average trading volume of 2.02 million if we extend that period to 3-months.
For Nano X Imaging Ltd (NNOX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.15 in the current quarter.
Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Upright in the red during last session for losing -2.09%, in the last five days NNOX remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $6.57 price level, adding 12.98% to its value on the day. Nano X Imaging Ltd’s shares saw a change of 3.14% in year-to-date performance and have moved -11.34% in past 5-day. Nano X Imaging Ltd (NASDAQ:NNOX) showed a performance of 15.47% in past 30-days. Number of shares sold short was 7.25 million shares which calculate 10.11 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 18 to the stock, which implies a rise of 63.5% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 18. It follows that stock’s current price would drop -173.97% in reaching the projected high whereas dropping to the targeted low would mean a loss of -173.97% for stock’s current value.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Statistics highlight that Nano X Imaging Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -5.87% of value to its shares in past 6 months, showing an annual growth rate of 14.81% while that of industry is 17.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 22.10% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.8M for the same. And 2 analysts are in estimates of company making revenue of 5.5M in the next quarter. Company posted 2.4M and 2.55M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -91.56% during past 5 years.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
BLACKROCK INC. is the top institutional holder at NNOX for having 3.01 million shares of worth $22.13 million. And as of 2024-06-30, it was holding 5.2067 of the company’s outstanding shares.
The second largest institutional holder is STATE STREET CORP, which was holding about 0.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.6632 of outstanding shares, having a total worth of $7.07 million.
