Nano X Imaging Ltd (NASDAQ:NNOX) price on Thursday, July 11, rose 9.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.51.
A look at the stock’s price movement, the close in the last trading session was $7.74. Turning to its 52-week performance, $16.52 and $4.89 were the 52-week high and 52-week low respectively. Overall, NNOX moved 13.70% over the past month.
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Nano X Imaging Ltd’s market cap currently stands at around $491.42 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NNOX is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NNOX’s current price about 18.41% and 2.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 61.56, while 7-day volatility ratio is 7.22% and 5.64% in the 30-day chart. Further, Nano X Imaging Ltd (NNOX) has a beta value of 2.03, and an average true range (ATR) of 0.48.
If we refocus on Nano X Imaging Ltd (NASDAQ:NNOX), historical trading data shows that trading volumes averaged 967.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 57.78 million shares.
The 9.49% of Nano X Imaging Ltd’s shares are in the hands of company insiders while institutional holders own 16.70% of the company’s shares. Current price change has pushed the stock 33.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NNOX stock continues to rise going into the next quarter.