As this happened, Alliance Global Partners initiated its Nano X Imaging Ltd [NNOX] rating to a Buy in a research note published on September 08, 2023; the price target was $14.50. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Ladenburg Thalmann began covering NNOX with “Buy” recommendation on April 19, 2021. Oppenheimer started covering the stock on September 15, 2020. It rated NNOX as “a Perform”.
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Price Performance Review of NNOX
On Tuesday, Nano X Imaging Ltd [NASDAQ:NNOX] saw its stock fall -8.11% to $7.70. Over the last five days, the stock has gained 28.01%. Nano X Imaging Ltd shares have risen nearly 20.88% since the year began. Nevertheless, the stocks have risen 26.23% over the past one year. While a 52-week high of $14.28 was reached on 02/16/24, a 52-week low of $5.26 was recorded on 02/06/24. SMA at 50 days reached $6.18, while 200 days put it at $7.81.
Levels Of Support And Resistance For NNOX Stock
The 24-hour chart illustrates a support level at 7.41, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 8.26. A further resistance level may holdings at 8.83. The Relative Strength Index (RSI) on the 14-day chart is 62.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.79%. Stochastics %K at 82.01% indicates the stock is a selling.
How much short interest is there in Nano X Imaging Ltd?
A steep rise in short interest was recorded in Nano X Imaging Ltd stocks on 2024-10-31, dropping by 11455.0 shares to a total of 7.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.26 million shares. There was a decline of -0.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 15, 2020 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $70 price target.
