A share price of Nano X Imaging Ltd [NNOX] is currently trading at $8.38, down -0.36%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NNOX shares have gain 13.40% over the last week, with a monthly amount glided 14.64%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nano X Imaging Ltd [NASDAQ: NNOX] stock has seen the most recent analyst activity on January 06, 2025, when D. Boral Capital initiated its Buy rating and assigned the stock a price target of $23. Previously, Alliance Global Partners started tracking the stock with Buy rating on September 08, 2023, and set its price target to $14.50. On January 05, 2023, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $21 on the stock. Ladenburg Thalmann started tracking the stock assigning a Buy rating and suggested a price target of $52 on April 19, 2021. Oppenheimer initiated its recommendation with a Perform. Cantor Fitzgerald started tracking with a Overweight rating for this stock on September 15, 2020, and assigned it a price target of $70. In a note dated September 15, 2020, Berenberg initiated an Buy rating and provided a target price of $65 on this stock.
Nano X Imaging Ltd experienced fluctuations in its stock price throughout the past year between $5.26 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 $8.38 at the most recent close of the market. An investor can expect a potential return of 114.8% based on the average NNOX price forecast.
Analyzing the NNOX fundamentals
Trailing Twelve Months sales for Nano X Imaging Ltd [NASDAQ:NNOX] were 10.68M which represents 22.27% growth. Gross Profit Margin for this corporation currently stands at -0.89% with Operating Profit Margin at -5.15%, Pretax Profit Margin comes in at -4.69%, and Net Profit Margin reading is -4.65%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.28 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 0.05.
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 8.11 points at the first support level, and at 7.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.57, and for the 2nd resistance point, it is at 8.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nano X Imaging Ltd [NASDAQ:NNOX] is 4.64. Also, the Quick Ratio is 4.56, while the Cash Ratio stands at 2.93. Considering the valuation of this stock, the price to sales ratio is 45.90, the price to book ratio is 2.99.
