A share price of Nano X Imaging Ltd [NNOX] is currently trading at $10.56, down -2.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The NNOX shares have gain 8.09% over the last week, with a monthly amount glided 0.43%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, Nanox Announces Fourth Quarter of 2023 Financial Results and Provides Business Update. In a post published today on Yahoo Finance, Nanox Launches Nanox.ARC in United States with Installations Across Five States, Marking a Major Advancement in Medical Imaging.
From an analyst’s perspective:
Nano X Imaging Ltd [NASDAQ: NNOX] stock has seen the most recent analyst activity on September 08, 2023, when Alliance Global Partners initiated its Buy rating and assigned the stock a price target of $14.50. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on January 05, 2023, and set its price target to $21. On April 19, 2021, Ladenburg Thalmann initiated with a Buy rating and assigned a price target of $52 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $70 as its price target on September 15, 2020. Berenberg started tracking with a Buy rating for this stock on September 15, 2020, and assigned it a price target of $65.
Nano X Imaging Ltd experienced fluctuations in its stock price throughout the past year between $4.89 and $22.69. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Nano X Imaging Ltd [NASDAQ: NNOX] shares were valued at $10.56 at the most recent close of the market. An investor can expect a potential return of 70.45% based on the average NNOX price forecast.
Analyzing the NNOX fundamentals
Trailing Twelve Months sales for Nano X Imaging Ltd [NASDAQ:NNOX] were 9.91M which represents 12.43% growth. Gross Profit Margin for this corporation currently stands at -0.67% with Operating Profit Margin at -6.58%, Pretax Profit Margin comes in at -6.17%, and Net Profit Margin reading is -6.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.3 and Total Capital is -0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.28 points at the first support level, and at 10.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.00, and for the 2nd resistance point, it is at 11.44.
Nano X Imaging Ltd [NNOX] reported earnings per share of -$0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.3/share, meaning a difference of $0.12 and a surprise factor of 40.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.37 per share as compared to estimates of -$0.3 per share, a difference of -$0.07 representing a surprise of -23.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nano X Imaging Ltd [NASDAQ:NNOX] is 5.71. On the other hand, the Quick Ratio is 5.56, and the Cash Ratio is 3.63. Considering the valuation of this stock, the price to sales ratio is 61.05, the price to book ratio is 3.12.
