During the recent session, Nano X Imaging Ltd (NASDAQ:NNOX)’s traded shares were 5.29 million, with the beta value of the company hitting 1.96. At the last check today, the stock’s price was $9.09, reflecting an intraday gain of 26.25% or $1.89. The 52-week high for the NNOX share is $14.28, that puts it down -57.1 from that peak though still a striking 42.13% gain since the share price plummeted to a 52-week low of $5.26. The company’s market capitalization is $531.77M, and the average intraday trading volume over the past 10 days was 2.62 million shares, and the average trade volume was 2.23 million shares over the past three months.
Nano X Imaging Ltd (NNOX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NNOX has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
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Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Nano X Imaging Ltd (NNOX) registered a 26.25% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 26.25% in intraday trading to $9.09, hitting a weekly high. The stock’s 5-day price performance is 28.39%, and it has moved by 39.42% in 30 days. Based on these gigs, the overall price performance for the year is 40.71%. The short interest in Nano X Imaging Ltd (NASDAQ:NNOX) is 7.25 million shares and it means that shorts have 10.11 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies an increase of 49.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $18 respectively. As a result, NNOX is trading at a discount of -98.02% off the target high and -98.02% off the low.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Statistics show that Nano X Imaging Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Nano X Imaging Ltd (NNOX) shares have gone up 28.75% during the last six months, with a year-to-date growth rate less than the industry average at 14.81% against 16.60. In the rating firms’ projections, revenue will increase 22.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.8M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 5.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.4M and 2.55M respectively. In this case, analysts expect current quarter sales to grow by 58.53% and then jump by 115.43% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -91.56%. While earnings are projected to return 15.43% in 2025.
NNOX Dividends
Nano X Imaging Ltd is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
The next largest institutional holding, with 0.96 million shares, is of STATE STREET CORP’s that is approximately 1.6632% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.07 million.
