Nano X Imaging Ltd (NNOX)’s Day in Review: Closing at 6.73, Down by -6.92

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After finishing at $7.23 in the prior trading day, Nano X Imaging Ltd (NASDAQ: NNOX) closed at $6.73, down -6.92%. In other words, the price has decreased by -$6.92 from its previous closing price. On the day, 1.87 million shares were traded. NNOX stock price reached its highest trading level at $7.205 during the session, while it also had its lowest trading level at $6.65.

Ratios:

Our goal is to gain a better understanding of NNOX by taking a closer 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 417812544 and an Enterprise Value of 323931904. For the stock, the TTM Price-to-Sale (P/S) ratio is 38.85 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 32.358 whereas that against EBITDA is -7.354.

Stock Price History:

The Beta on a monthly basis for NNOX is 2.02, which has changed by -0.57485783 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, NNOX has reached a high of $20.57, while it has fallen to a 52-week low of $4.89. The 50-Day Moving Average of the stock is -25.08%, while the 200-Day Moving Average is calculated to be -12.35%.

Shares Statistics:

The stock has traded on average 1.28M shares per day over the past 3-months and 900560 shares per day over the last 10 days, according to various share statistics. 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 16.70% stake in the company. Shares short for NNOX as of 1715731200 were 6467671 with a Short Ratio of 5.08, compared to 1713139200 on 7760771. Therefore, it implies a Short% of Shares Outstanding of 6467671 and a Short% of Float of 11.73.

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