Nano X Imaging Ltd (NASDAQ:NNOX) Has Reached A Distance Of 36.01% From Its Low, So Is It Poised For More Gains?

In recent trading session, Nano X Imaging Ltd (NASDAQ:NNOX) saw 1.11 million shares changing hands at last check today with its beta currently measuring 1.95. Company’s recent per share price level of $8.22 trading at -$0.55 or -6.33% at last check today assigns it a market valuation of $480.58M. That most recent trading price of NNOX’s stock is at a discount of -73.72% from its 52-week high price of $14.28 and is indicating a premium of 36.01% 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 5.15 million shares which gives us an average trading volume of 2.81 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 -6.33%, in the last five days NNOX remained trading in the red while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $8.22 price level, adding 25.27% to its value on the day. Nano X Imaging Ltd’s shares saw a change of 14.10% in year-to-date performance and have moved -7.38% in past 5-day. Nano X Imaging Ltd (NASDAQ:NNOX) showed a performance of -1.97% 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 54.33% to its recent value today. 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 -118.98% in reaching the projected high whereas dropping to the targeted low would mean a loss of -118.98% 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 -3.41% of value to its shares in past 6 months, showing an annual growth rate of 14.81% while that of industry is 15.70. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 20.06% 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 3 analysts are in estimates of company making revenue of 5.83M 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.

On the other hand, iShares Russell 2000 ETF and Fidelity Small Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 1.4 shares of worth $11.48 million or 2.42% of the total outstanding shares. The later fund manager was in possession of 553.92 shares on Oct 31, 2024, making its stake of worth around $4.55 million in the company or a holder of 0.96% of company’s stock.