The closing price of Nano X Imaging Ltd (NASDAQ: NNOX) was $9.47 for the day, down -7.52% from the previous closing price of $10.24. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 2582299 shares were traded.
Ratios:
Our analysis of NNOX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.87 and its Current Ratio is at 4.87. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 546.15M and an Enterprise Value of 457.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.28 while its Price-to-Book (P/B) ratio in mrq is 2.71. Its current Enterprise Value per Revenue stands at 47.45 whereas that against EBITDA is -7.19.
Stock Price History:
Over the past 52 weeks, NNOX has reached a high of $22.69, while it has fallen to a 52-week low of $4.89. The 50-Day Moving Average of the stock is 8.13, while the 200-Day Moving Average is calculated to be 8.94.
Shares Statistics:
NNOX traded an average of 3.78M shares per day over the past three months and 3.52M shares per day over the past ten days. A total of 55.09M shares are outstanding, with a floating share count of 51.01M. Insiders hold about 10.97% of the company’s shares, while institutions hold 21.50% stake in the company. Shares short for NNOX as of Feb 29, 2024 were 10.28M with a Short Ratio of 2.72, compared to 7.34M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.81% and a Short% of Float of 18.92%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of -$0.3 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$0.38, while EPS last year was -$0.86. The consensus estimate for the next quarter is -$0.28, with high estimates of -$0.25 and low estimates of -$0.33.
Analysts are recommending an EPS of between -$1.14 and -$1.31 for the fiscal current year, implying an average EPS of -$1.21. EPS for the following year is -$1.02, with 3 analysts recommending between -$0.92 and -$1.19.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $3.57M to a low estimate of $2.1M. As of the current estimate, Nano X Imaging Ltd’s year-ago sales were $2.13M, an estimated increase of 32.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.28M, an increase of 74.90% over than the figure of $32.30% in the same quarter last year. There is a high estimate of $5.54M for the next quarter, whereas the lowest estimate is $3M.
A total of 3 analysts have provided revenue estimates for NNOX’s current fiscal year. The highest revenue estimate was $11.07M, while the lowest revenue estimate was $9.6M, resulting in an average revenue estimate of $10.32M. In the same quarter a year ago, actual revenue was $8.58M, up 20.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $25.34M in the next fiscal year. The high estimate is $28.53M and the low estimate is $19.8M. The average revenue growth estimate for next year is up 145.50% from the average revenue estimate for this year.
