Is Nano X Imaging Ltd’s 31.35% Rise This Year Is A Better Investing Opportunity?

In last trading session, Nano X Imaging Ltd (NASDAQ:NNOX) saw 1.95 million shares changing hands with its beta currently measuring 1.96. Company’s recent per share price level of $7.50 trading at -$0.14 or -1.83% at ring of the bell on the day assigns it a market valuation of $438.75M. That closing price of NNOX’s stock is at a discount of -90.4% from its 52-week high price of $14.28 and is indicating a premium of 29.87% 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 3.1 million shares which gives us an average trading volume of 3.34 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 -1.83%, in the last five days NNOX remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $7.50 price level, adding 17.67% to its value on the day. Nano X Imaging Ltd’s shares saw a change of 4.17% in year-to-date performance and have moved -16.67% in past 5-day. Nano X Imaging Ltd (NASDAQ:NNOX) showed a performance of -0.40% 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 58.33% 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 -140.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -140.0% for stock’s current value.

Nano X Imaging Ltd (NNOX) estimates and forecasts

Statistics highlight that Nano X Imaging Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -13.79% of value to its shares in past 6 months, showing an annual growth rate of 14.81% while that of industry is 14.80. 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 Nov 30, 2024 , the former fund manager was holding 1.51 shares of worth $11.36 million or 2.62% 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 $4.15 million in the company or a holder of 0.96% of company’s stock.