Currently, Nano X Imaging Ltd [NNOX] is trading at $4.02, down -5.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NNOX shares have lost -9.76% over the last week, with a monthly amount drifted -22.24%, and not 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 a Buy rating and provided a target price of $65 on this stock.
This stock has fluctuated between a low of $3.75 and a high of $11.00 over the last 52 weeks. 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 $4.02 at the most recent close of the market. An investor can expect a potential return of 347.76% based on the average NNOX price forecast.
Analyzing the NNOX fundamentals
Trailing Twelve Months sales for Nano X Imaging Ltd [NASDAQ:NNOX] were 11.89M which represents 12.63% growth. Gross Profit Margin for this corporation currently stands at -1.01% with Operating Profit Margin at -4.85%, Pretax Profit Margin comes in at -4.7%, and Net Profit Margin reading is -4.68%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.32 and Total Capital is -0.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.05.
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 3.93 points at the first support level, and at 3.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.16, and for the 2nd resistance point, it is at 4.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nano X Imaging Ltd [NASDAQ:NNOX] is 4.19. As well, the Quick Ratio is 4.03, while the Cash Ratio is 3.64. Considering the valuation of this stock, the price to sales ratio is 21.56, the price to book ratio is 1.57.
