The stock price of Nano X Imaging Ltd (NASDAQ: NNOX) has surged by 0.17 when compared to previous closing price of 6.00, but the company has seen a 1.18% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-10 that PETACH TIKVA, Israel, Sept. 10, 2024 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (“Nanox” or the “Company,” Nasdaq: NNOX), an innovative medical imaging technology company, today announced that Company management will participate in an investor conference in the month of September 2024:
Is It Worth Investing in Nano X Imaging Ltd (NASDAQ: NNOX) Right Now?
NNOX has 36-month beta value of 1.99. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NNOX is 53.02M, and currently, short sellers hold a 13.69% ratio of that float. The average trading volume of NNOX on October 18, 2024 was 796.62K shares.
NNOX’s Market Performance
NNOX’s stock has seen a 1.18% increase for the week, with a -3.99% drop in the past month and a -21.34% fall in the past quarter. The volatility ratio for the week is 3.87%, and the volatility levels for the past 30 days are at 4.40% for Nano X Imaging Ltd The simple moving average for the last 20 days is -0.63% for NNOX stock, with a simple moving average of -23.70% for the last 200 days.
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 previous year 2023.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see NNOX reach a price target of $21. The rating they have provided for NNOX stocks is “Overweight” according to the report published on January 05th, 2023.
Ladenburg Thalmann gave a rating of “Buy” to NNOX, setting the target price at $52 in the report published on April 19th of the previous year.
NNOX Trading at -5.78% 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 -57.91% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares sank -5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.57% lower at present.
During the last 5 trading sessions, NNOX rose by +1.18%, which changed the moving average for the period of 200-days by -6.97% in comparison to the 20-day moving average, which settled at $6.05. In addition, Nano X Imaging Ltd saw -5.65% 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:
- -6.2 for the present operating margin
- -0.84 for the gross margin
The net margin for Nano X Imaging Ltd stands at -5.67. The total capital return value is set at -0.34. Equity return is now at value -31.18, with -27.33 for asset returns.
Based on Nano X Imaging Ltd (NNOX), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -5.34.
Currently, EBITDA for the company is -49.27 million with net debt to EBITDA at 0.87. When we switch over and look at the enterprise to sales, we see a ratio of 31.62. The receivables turnover for the company is 6.72for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.16.
Conclusion
To put it simply, Nano X Imaging Ltd (NNOX) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
