Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nano X Imaging Ltd’s current trading price is -49.37% away from its 52-week high, while its distance from the 52-week low is 37.45%. The stock’s price range during this period has varied between $5.26 and $14.28. The company, active in the Healthcare sector, saw a trading volume of around 0.74 million for the day, considerably lower average daily volume of 2.1 million observed over the last three months.
The market performance of Nano X Imaging Ltd has been somewhat stable. Over the past year, the company’s stock achieved a high of $14.28 on 02/16/24, with the lowest value for the same timeframe being $5.26, recorded on 02/06/24.
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How Financial Performance Impacts Market Capitalization
Nano X Imaging Ltd (NNOX) has experienced a quarterly rise of 18.52% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 422.96M and boasts a workforce of 164 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.42, with a change in price of +0.02. Similarly, Nano X Imaging Ltd recorded 1,619,518 in trading volume during the last 100 days, posting a change of +0.28%.
How NNOX’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NNOX stands at 0.05. Similarly, the long-term debt-to-equity ratio is also 0.02.
NNOX Stock Stochastic Average
As of today, the raw stochastic average of Nano X Imaging Ltd over the last 50 days is at 53.95%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 43.29%. Further, the company’s Stochastic %K and %D values for the last 20 days were 39.49% and 36.95%, respectively.
NNOX Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 13.50%.However, over the last six months, we can see a weaker performance of 9.05%. Over the last 30 days, the price of NNOX has fallen by 11.57%. And in the last five days, it has surged by 7.75%.
