The stock of Nano-X Imaging Ltd. (NNOX) has gone down by -6.01% for the week, with a -23.49% drop in the past month and a -61.17% drop in the past quarter. The volatility ratio for the week is 4.65%, and the volatility levels for the past 30 days are 6.73% for NNOX. The simple moving average for the last 20 days is -11.79% for NNOX stock, with a simple moving average of -32.48% for the last 200 days.
Is It Worth Investing in Nano-X Imaging Ltd. (NASDAQ: NNOX) Right Now?
The 36-month beta value for NNOX is also noteworthy at 1.60. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
The average price estimated by analysts for NNOX is $23.67, which is $18.97 above than the current price. The public float for NNOX is 49.89M, and at present, short sellers hold a 13.67% of that float. The average trading volume of NNOX on September 15, 2023 was 1.22M shares.
NNOX) stock’s latest price update
The stock of Nano-X Imaging Ltd. (NASDAQ: NNOX) has decreased by -2.96 when compared to last closing price of 7.42. Despite this, the company has experienced a -6.01% fall in its stock price over the last five trading sessions. GlobeNewsWire reported 2023-09-13 that NEVE ILAN, Israel, Sept. 13, 2023 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (NASDAQ: NNOX) (“Nanox” or the “Company”), an innovative medical imaging technology company, today announced its participation in the Cantor Fitzgerald Global Healthcare Conference 2023, which will be held on September 26-28, 2023 at the InterContinental Barclay Hotel in New York City.
Analysts’ Opinion of NNOX
Many brokerage firms have already submitted their reports for NNOX stocks, with Alliance Global Partners repeating the rating for NNOX by listing it as a “Buy.” The predicted price for NNOX in the upcoming period, according to Alliance Global Partners is $14.50 based on the research report published on September 08, 2023 of the current year 2023.
NNOX Trading at -34.97% from the 50-Day Moving Average
After a stumble in the market that brought NNOX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.27% of loss for the given period.
Volatility was left at 6.73%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -20.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.34% lower at present.
During the last 5 trading sessions, NNOX fell by -6.01%, which changed the moving average for the period of 200-days by -32.71% in comparison to the 20-day moving average, which settled at $8.07. In addition, Nano-X Imaging Ltd. saw -2.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NNOX
Current profitability levels for the company are sitting at:
- -831.04 for the present operating margin
- -84.32 for the gross margin
The net margin for Nano-X Imaging Ltd. stands at -1320.16. The total capital return value is set at -27.47, while invested capital returns managed to touch -43.77. Equity return is now at value -46.80, with -39.50 for asset returns.
Based on Nano-X Imaging Ltd. (NNOX), the company’s capital structure generated 2.13 points at debt to equity in total, while total debt to capital is 2.09. Total debt to assets is 1.82, with long-term debt to equity ratio resting at 1.79. Finally, the long-term debt to capital ratio is 1.75.
When we switch over and look at the enterprise to sales, we see a ratio of 36.68, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 8.46 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
In summary, Nano-X Imaging Ltd. (NNOX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
