Nano X Imaging Ltd (NASDAQ: NNOX) on Tuesday, plunged -7.75% from the previous trading day, before settling in for the closing price of $6.52. Within the past 52 weeks, NNOX’s price has moved between $5.26 and $14.28.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 114.66%. The company achieved an average annual earnings per share of 15.43%. With a float of $53.02 million, this company’s outstanding shares have now reached $58.52 million.
Let’s determine the extent of company efficiency that accounts for 164 employees. In terms of profitability, gross margin is -89.25%, operating margin of -514.85%, and the pretax margin is -468.6%.
Nano X Imaging Ltd (NNOX) Insider Activity
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of Nano X Imaging Ltd is 9.37%, while institutional ownership is 18.25%.
Nano X Imaging Ltd (NNOX) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.18 earnings per share (EPS) for the period topping the consensus outlook (set at -0.3) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.43% per share during the next fiscal year.
Nano X Imaging Ltd (NASDAQ: NNOX) Trading Performance Indicators
Nano X Imaging Ltd (NNOX) is currently performing well based on its current performance indicators. A quick ratio of 4.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 32.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.86, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -0.66 in one year’s time.
Technical Analysis of Nano X Imaging Ltd (NNOX)
Looking closely at Nano X Imaging Ltd (NASDAQ: NNOX), its last 5-days average volume was 1.39 million, which is a drop from its year-to-date volume of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 63.61%. Additionally, its Average True Range was 0.45.
During the past 100 days, Nano X Imaging Ltd’s (NNOX) raw stochastic average was set at 17.49%, which indicates a significant decrease from 44.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.42% in the past 14 days, which was lower than the 70.24% 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 $7.86. However, in the short run, Nano X Imaging Ltd’s stock first resistance to watch stands at $6.24. Second resistance stands at $6.46. The third major resistance level sits at $6.60. If the price goes on to break the first support level at $5.88, it is likely to go to the next support level at $5.74. Should the price break the second support level, the third support level stands at $5.52.
Nano X Imaging Ltd (NASDAQ: NNOX) Key Stats
Market capitalization of the company is 351.88 million based on 57,779K outstanding shares. Right now, sales total 9,910 K and income totals -60,780 K. The company made 3,030 K in profit during its latest quarter, and -13,640 K in sales during its previous quarter.
