In today’s recent session, 1.17 million shares of the Nano X Imaging Ltd (NASDAQ:NNOX) have been traded, and its beta is 1.97. Most recently the company’s share price was $8.84, and it changed around $0.46 or 5.50% from the last close, which brings the market valuation of the company to $517.21M. NNOX at last check was trading at a discount to its 52-week high of $14.28, offering almost -61.54% off that amount. The share price’s 52-week low was $5.26, which indicates that the recent value has risen by an impressive 40.5% since then. We note from Nano X Imaging Ltd’s average daily trading volume that its 10-day average is 4.12 million shares, with the 3-month average coming to 3.17 million.
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 0 rate it as Overweight. Among the rest, 0 recommended NNOX as a Hold, whereas 4 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.
Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Instantly NNOX has been showing a green trend so far today with a performance of 5.50% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.20 on recent trading dayincreased the stock’s daily price by 3.91%. The company’s shares are currently up 22.79% year-to-date, but still up 18.28% over the last five days. On the other hand, Nano X Imaging Ltd (NASDAQ:NNOX) is 31.76% up 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 50.89% 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 risen 14.67 percent over the past six months and at a 14.81% annual growth rate that is well below the industry average of 16.00%. The year-over-year growth rate is expected to be 20.06%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.8M in revenue for the current quarter. 3 analysts expect Nano X Imaging Ltd to make 5.83M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.4M and 2.55M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 58.53%. Forecasts for the next quarter put sales growth at 128.46%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -91.56%.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
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.
iShares Russell 2000 ETF and Fidelity Small Cap Index Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 1.4 shares worth $12.14 million, making up 2.42% of all outstanding shares. On the other hand, Fidelity Small Cap Index Fund held roughly 553.92 shares worth around $4.81 million, which represents about 0.96% of the total shares outstanding.
