Market Insights: Nano X Imaging Ltd (NNOX)’s Notable Drop of -4.86, Closing at 4.89

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As of close of business last night, Nano X Imaging Ltd’s stock clocked out at $4.89, down -4.86% from its previous closing price of $5.14. In other words, the price has decreased by -$4.86 from its previous closing price. On the day, 1.23 million shares were traded. NNOX stock price reached its highest trading level at $5.15 during the session, while it also had its lowest trading level at $4.88.

Ratios:

To gain a deeper understanding of NNOX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.16 and its Current Ratio is at 5.30. 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, D. Boral Capital on January 06, 2025, initiated with a Buy rating and assigned the stock a target price of $23.

On September 08, 2023, Alliance Global Partners started tracking the stock assigning a Buy rating and target price of $14.50.

On January 05, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $21.Cantor Fitzgerald initiated its Overweight rating on January 05, 2023, with a $21 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 312075872 and an Enterprise Value of 257012736. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.00 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 22.262 whereas that against EBITDA is -5.6.

Stock Price History:

The Beta on a monthly basis for NNOX is 1.94, which has changed by -0.43271464 over the last 52 weeks, in comparison to a change of 0.15366066 over the same period for the S&P500. Over the past 52 weeks, NNOX has reached a high of $11.00, while it has fallen to a 52-week low of $3.75. The 50-Day Moving Average of the stock is -6.31%, while the 200-Day Moving Average is calculated to be -19.03%.

Shares Statistics:

It appears that NNOX traded 1.02M shares on average per day over the past three months and 1254130 shares per day over the past ten days. A total of 63.82M shares are outstanding, with a floating share count of 63.43M. Insiders hold about 0.53% of the company’s shares, while institutions hold 23.26% stake in the company. Shares short for NNOX as of 1752537600 were 6088017 with a Short Ratio of 5.97, compared to 1749772800 on 6808888. Therefore, it implies a Short% of Shares Outstanding of 6088017 and a Short% of Float of 9.5699996.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

The current rating of Nano X Imaging Ltd (NNOX) is the result of assessments by 2.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.14 and low estimates of -$0.16.

Analysts are recommending an EPS of between -$0.59 and -$0.73 for the fiscal current year, implying an average EPS of -$0.66. EPS for the following year is -$0.3, with 2.0 analysts recommending between -$0.15 and -$0.45.

Revenue Estimates

In the current quarter, 4 analysts expect revenue to total $3.2M. It ranges from a high estimate of $3.4M to a low estimate of $3.08M. As of the current estimate, Nano X Imaging Ltd’s year-ago sales were $2.7MFor the next quarter, 4 analysts are estimating revenue of $3.62M. There is a high estimate of $4M for the next quarter, whereas the lowest estimate is $3.35M.

A total of 4 analysts have provided revenue estimates for NNOX’s current fiscal year. The highest revenue estimate was $14.8M, while the lowest revenue estimate was $12.97M, resulting in an average revenue estimate of $13.69M. In the same quarter a year ago, actual revenue was $11.28MBased on 4 analysts’ estimates, the company’s revenue will be $34.16M in the next fiscal year. The high estimate is $65.8M and the low estimate is $18.11M.

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