A share price of Nano X Imaging Ltd [NNOX] is currently trading at $5.99, down -0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NNOX shares have gain 1.35% over the last week, with a monthly amount drifted -0.17%, and not seem to be holding up well over a long-time horizon.
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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 $14.28. 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 $5.99 at the most recent close of the market. An investor can expect a potential return of 200.5% based on the average NNOX price forecast.
Analyzing the NNOX fundamentals
Trailing Twelve Months sales for Nano X Imaging Ltd [NASDAQ:NNOX] were 10.13M which represents 4.53% growth. Gross Profit Margin for this corporation currently stands at -0.84% with Operating Profit Margin at -6.2%, Pretax Profit Margin comes in at -5.71%, and Net Profit Margin reading is -5.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.29, Equity is -0.3 and Total Capital is -0.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 5.90 points at the first support level, and at 5.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.12, and for the 2nd resistance point, it is at 6.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nano X Imaging Ltd [NASDAQ:NNOX] is 5.16. Further, the Quick Ratio stands at 5.09, while the Cash Ratio is 2.89. Considering the valuation of this stock, the price to sales ratio is 34.59, the price to book ratio is 2.00.
