Nano X Imaging Ltd (NASDAQ:NNOX) shares, rose in value, with the stock price down by -0.80% to the previous day’s close as strong demand from buyers drove the stock to $5.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.61, falling within a range of $5.525 and $5.695. The value of beta (5-year monthly) is 1.981. Referring to stock’s 52-week performance, its high was $11.39, and the low was $5.19. On the whole, NNOX has fluctuated by -13.05% over the past month.
With the market capitalization of Nano X Imaging Ltd currently standing at about $325.56 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.89M, with a low estimate of 3.1M and a high estimate of 4.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NNOX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NNOX currently trading nearly -4.56% and -17.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.94, while the 7-day volatility ratio is showing 5.05% which for the 30-day chart, stands at 6.49%. Furthermore, Nano X Imaging Ltd (NNOX)’s beta value is 1.99, and its average true range (ATR) is 0.38.
A comparison of Nano X Imaging Ltd (NNOX) with its peers suggests the former has fared considerably weaker in the market. NNOX showed an intraday change of -0.80% in today’s session so far, and over the past year, it shrunk by -42.92%%.
Data on historical trading for Nano X Imaging Ltd (NASDAQ:NNOX) indicates that the trading volumes over the past 10 days have averaged 1.11 and over the past 3 months, they’ve averaged 2.85 million. According to company’s latest data on outstanding shares, there are 58.52 million shares outstanding.
Nearly 9.27% of Nano X Imaging Ltd’s shares belong to company insiders and institutional investors own 23.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.77 million shares as on 2025-03-14, resulting in a short ratio of 2.91. According to the data, the short interest in Nano X Imaging Ltd (NNOX) stood at 1391.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 7.89 million. The stock has fallen by -22.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NNOX stock heading into the next quarter.