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Nano X Imaging Ltd (NASDAQ: NNOX) closed the day trading at $8.57 up 11.15% from the previous closing price of $7.71. In other words, the price has increased by $11.15 from its previous closing price. On the day, 1.1 million shares were traded. NNOX stock price reached its highest trading level at $8.625 during the session, while it also had its lowest trading level at $7.7.
Ratios:
For a better understanding of NNOX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.59 and its Current Ratio is at 5.81. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Alliance Global Partners on September 08, 2023, initiated with a Buy rating and assigned the stock a target price of $14.50.
On January 05, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $21.
On April 19, 2021, Ladenburg Thalmann started tracking the stock assigning a Buy rating and target price of $52.Ladenburg Thalmann initiated its Buy rating on April 19, 2021, with a $52 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NNOX now has a Market Capitalization of 495249152 and an Enterprise Value of 430245312. For the stock, the TTM Price-to-Sale (P/S) ratio is 49.47 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 42.977 whereas that against EBITDA is -9.767.
Stock Price History:
The Beta on a monthly basis for NNOX is 2.03, which has changed by -0.36752766 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, NNOX has reached a high of $14.74, while it has fallen to a 52-week low of $4.89. The 50-Day Moving Average of the stock is 4.85%, while the 200-Day Moving Average is calculated to be 10.85%.
Shares Statistics:
Over the past 3-months, NNOX traded about 988.37K shares per day on average, while over the past 10 days, NNOX traded about 1326420 shares per day. A total of 57.78M shares are outstanding, with a floating share count of 52.30M. Insiders hold about 9.49% of the company’s shares, while institutions hold 16.80% stake in the company. Shares short for NNOX as of 1719532800 were 6217290 with a Short Ratio of 6.29, compared to 1717113600 on 6502731. Therefore, it implies a Short% of Shares Outstanding of 6217290 and a Short% of Float of 11.2799995.
