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The closing price of Nano X Imaging Ltd (NASDAQ: NNOX) was $7.70 for the day, down -8.11% from the previous closing price of $8.38. In other words, the price has decreased by -$8.11 from its previous closing price. On the day, 4.31 million shares were traded. NNOX stock price reached its highest trading level at $8.54 during the session, while it also had its lowest trading level at $7.69.
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 4.56 and its Current Ratio is at 4.64. In the meantime, Its Debt-to-Equity ratio is 0.05 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 490413760 and an Enterprise Value of 288400064. For the stock, the TTM Price-to-Sale (P/S) ratio is 42.18 while its Price-to-Book (P/B) ratio in mrq is 2.75. Its current Enterprise Value per Revenue stands at 28.476 whereas that against EBITDA is -6.293.
Stock Price History:
Over the past 52 weeks, NNOX has reached a high of $14.28, while it has fallen to a 52-week low of $5.26. The 50-Day Moving Average of the stock is 24.52%, while the 200-Day Moving Average is calculated to be -1.44%.
Shares Statistics:
NNOX traded an average of 1.69M shares per day over the past three months and 5886510 shares per day over the past ten days. A total of 58.52M shares are outstanding, with a floating share count of 53.02M. Insiders hold about 9.37% of the company’s shares, while institutions hold 18.25% stake in the company. Shares short for NNOX as of 1730332800 were 7248824 with a Short Ratio of 4.32, compared to 1727654400 on 7260279. Therefore, it implies a Short% of Shares Outstanding of 7248824 and a Short% of Float of 12.979999000000001.
