In the latest trading session, 2.43 million Nano X Imaging Ltd (NASDAQ:NNOX) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $6.20 changing hands around $0.18 or 3.06% at last look, the market valuation stands at $362.95M. NNOX’s current price is a discount, trading about -104.03% off its 52-week high of $12.65. The share price had its 52-week low at $5.27, which suggests the last value was 15.0% up since then.
Analysts gave the Nano X Imaging Ltd (NNOX) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NNOX as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Nano X Imaging Ltd’s EPS for the current quarter is expected to be -0.15.
Nano X Imaging Ltd (NASDAQ:NNOX) trade information
Instantly NNOX is in green as seen in intraday trades today. With action -5.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -13.83%, with the 5-day performance at -5.13% in the red. However, in the 30-day time frame, Nano X Imaging Ltd (NASDAQ:NNOX) is -24.71% down.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 65.56% from its recent market value. According to analyst projections, NNOX’s forecast low is 18 with 18 as the target high. To hit the forecast high, the stock’s price needs a -190.32% plunge from its current level, while the stock would need to soar -190.32% for it to hit the projected low.
Nano X Imaging Ltd (NNOX) estimates and forecasts
Year-over-year growth is forecast to reach 20.06% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.8M. 3 analysts are of the opinion that Nano X Imaging Ltd’s revenue for the current quarter will be 5.83M. The company’s revenue for the corresponding quarters a year ago was 2.4M and 2.55M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 58.53%. The estimates for the next quarter sales put growth at 128.46%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -91.56%. The 2025 estimates are for Nano X Imaging Ltd earnings to increase by 17.59%, but the outlook for the next 5-year period is at 46.27% per year.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
STATE STREET CORP holds the second largest percentage of outstanding shares, with 1.6632% or 0.96 million shares worth $7.07 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Russell 2000 ETF and Fidelity Small Cap Index Fund. With 1.51 shares estimated at $9.4 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, Fidelity Small Cap Index Fund held about 0.96% of the shares, roughly 553.92 shares worth around $3.44 million.
