NNOX Stock Summary and Trading Ideas (Nano X Imaging | NASDAQ:NNOX)

Nano X Imaging Ltd is engaged in the business of manufacturing medical imaging systems. It offers a Nanox System which is a combination of hardware and software. It develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.

Nano X Imaging trades on the NASDAQ stock market under the symbol NNOX.

As of November 4, 2024, NNOX stock price declined to $5.67 with 438,225 million shares trading.

NNOX has a beta of 1.08, meaning it tends to be more sensitive to market movements. NNOX has a correlation of 0.01 to the broad based SPY ETF.

NNOX has a market cap of $327.34 million. This is considered a Small Cap stock.

Last quarter Nano X Imaging reported $3 million in Revenue and -$.14 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.08.

In the last 3 years, NNOX traded as high as $28.60 and as low as $4.89.

The top ETF exchange traded funds that NNOX belongs to (by Net Assets): IWM, IWO, IZRL, VTWO, IWC.

NNOX has underperformed the market in the last year with a price return of +11.8% while the SPY ETF gained +36.5%. NNOX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -27.4% and -7.4%, respectively, while the SPY returned +5.3% and -2.5%, respectively.

NNOX support price is $5.60 and resistance is $5.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NNOX shares will trade within this expected range on the day.