Nano X Imaging Ltd (NASDAQ: NNOX) kicked off on Tuesday, up 0.18% from the previous trading day, before settling in for the closing price of $5.68. Over the past 52 weeks, NNOX has traded in a range of $5.26-$14.28.
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A company in the Healthcare sector has jumped its sales by 114.66% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 19.04%. With a float of $53.02 million, this company’s outstanding shares have now reached $57.78 million.
In an organization with 164 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -82.76%, operating margin of -620.46%, and the pretax margin is -570.65%.
Nano X Imaging Ltd (NNOX) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Nano X Imaging Ltd is 9.37%, while institutional ownership is 18.25%.
Nano X Imaging Ltd (NNOX) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.37 earnings per share (EPS), lower than consensus estimate (set at -0.3) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 19.04% per share during the next fiscal year.
Nano X Imaging Ltd (NASDAQ: NNOX) Trading Performance Indicators
Take a look at Nano X Imaging Ltd’s (NNOX) current performance indicators. Last quarter, stock had a quick ratio of 5.09. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.00, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.45 in one year’s time.
Technical Analysis of Nano X Imaging Ltd (NNOX)
Let’s dig in a bit further. During the last 5-days, its volume was 1.32 million. That was inferior than the volume of 1.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.44%. Additionally, its Average True Range was 0.40.
During the past 100 days, Nano X Imaging Ltd’s (NNOX) raw stochastic average was set at 3.64%, which indicates a significant decrease from 6.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.58% in the past 14 days, which was higher than the 71.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.06, while its 200-day Moving Average is $7.90. However, in the short run, Nano X Imaging Ltd’s stock first resistance to watch stands at $5.78. Second resistance stands at $5.86. The third major resistance level sits at $5.98. If the price goes on to break the first support level at $5.57, it is likely to go to the next support level at $5.46. The third support level lies at $5.37 if the price breaches the second support level.
Nano X Imaging Ltd (NASDAQ: NNOX) Key Stats
The company with the Market Capitalisation of 332.87 million has total of 57,779K Shares Outstanding. Its annual sales at the moment are 9,910 K in contrast with the sum of -60,780 K annual income. Company’s last quarter sales were recorded 2,700 K and last quarter income was -13,580 K.
