Nano X Imaging Ltd: Rising -70.74% from 52-Week Low, Can the Stock Stay Afloat?

In terms of market performance, Nano X Imaging Ltd had a somewhat inconsistent run in. The highest value for the stock in the past year was $22.69 on 06/05/23, while the lowest value was $4.89 on 10/30/23.

52-week price history of NNOX Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Nano X Imaging Ltd’s current trading price is -70.74% away from its 52-week high, while its distance from the 52-week low is 35.79%. The stock’s price range for this period has remained between $4.89 and $22.69. The Healthcare sector company’s shares managed to surpass a trading volume of around 3.88 million for the day, which was noticeably higher compared to the shares’ average daily volume of 5.52 over the last three months.

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Financial Performance and Market Capitalization

Nano X Imaging Ltd (NNOX) has experienced a quarterly rise of 23.42% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 380.41M.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.13, with a change in price of -0.16. Similarly, Nano X Imaging Ltd recorded 816,999 in trading volume during the last 100 days, posting a change of -2.35%.

NNOX Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NNOX stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.03.

NNOX Stock Stochastic Average

As of today, the raw stochastic average of Nano X Imaging Ltd over the past 50 days is 66.67%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 73.40%. Additionally, the Stochastic %K and %D values for the company were 71.29% and 59.18%, respectively, over the past 20 days.

NNOX Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 4.24% this year. Over the last six months, there has been a stronger performance of -33.86%. The price of NNOX fallen by 15.28% during the last 30 days period. For the last 5-days stocks have improved 24.81%.

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