In the last trading session, 1.64 million Nano X Imaging Ltd (NASDAQ:NNOX) shares changed hands as the company’s beta touched 1.97. With the company’s per share price at $5.69 changed hands at $0.28 or 5.18% during last session, the market valuation stood at $332.87M. NNOX’s last price was a discount, traded about -115.82% off its 52-week high of $12.28. The share price had its 52-week low at $5.19, which suggests the last value was 8.79% up since then. When we look at Nano X Imaging Ltd’s average trading volume, we note the 10-day average is 2.04 million shares, with the 3-month average coming to 3.08 million.
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 was in green as seen at the end of in last trading. With action -5.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.97%, with the 5-day performance at -5.79% in the red. However, in the 30-day time frame, Nano X Imaging Ltd (NASDAQ:NNOX) is -18.60% down. Looking at the short shares, we see there were 7.63 million shares sold at short interest cover period of 2.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 18, meaning bulls need an upside of 68.39% from its current 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 -216.34% plunge from its current level, while the stock would need to soar -216.34% 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.
NNOX Dividends
Nano X Imaging Ltd is expected to release its next quarterly earnings report on 2024-Nov-20.
Nano X Imaging Ltd (NASDAQ:NNOX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.99% of Nano X Imaging Ltd shares while 24.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 27.25%. There are 24.80% institutions holding the Nano X Imaging Ltd stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.2067% of the shares, roughly 3.01 million NNOX shares worth $22.13 million.
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 Dec 31, 2024 were iShares Russell 2000 ETF and Fidelity Small Cap Index Fund . With 1.47 shares estimated at $8.34 million under it, the former controlled 2.54% of total outstanding shares. On the other hand, Fidelity Small Cap Index Fund held about 0.97% of the shares, roughly 557.7 shares worth around $3.17 million.
