Fundamental Analysis for Nano X Imaging Ltd. (NNOX:NSD) is Bearish

Stock Target Advisor’s own stock analysis of Nano X Imaging Stock (NNOX Stock) is Bearish, which is based on 2 positive signals and 5 negative signals. At the last closing, Nano X Imaging stock price was USD 12.33Nano X Imaging stock price has changed by +0.93% over the past week, -1.74% over the past month and -45.63% over the last year.

Based on the Nano X stock forecasts from 9 Crowd Analysts, the average analyst target price for Nano X is USD 15.84 over the next 12 months. The average Crowd Analyst rating is a Buy.

About Nano X Imaging Ltd. (NNOX:NSD):

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode. The company develops a prototype of the Nanox.ARC, a medical imaging system incorporating its digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that would allow for the delivery of medical screening as a service. The company was founded in 2011 and is headquartered in Neve Ilan, Israel.

 

Recent Analyst Ratings for Nano’s Stock price:

Initiates Coverage Ladenburg Thalmann Buy USD 52 2021-04-19
Target Lowered Cantor Fitzgerald Overweight USD 70 » USD 67 2021-02-01
Reiterated by Oppenheimer Holdings Hold 2020-09-22
Initiated by Berenberg Capital Markets Buy USD 65 2020-09-15
Initiated by Cantor Fitzgerald Securities Overweight USD 70 2020-09-15
Initiates Coverage On Oppenheimer Holdings Perform 2020-09-15

 

What we like:

(Bullish Signals)

Low volatility:

The annual returns for NNOX stock have been stable and consistent compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Low debt:

The company is less leveraged than its peers, and is among the top quartile, which makes it more flexible. However, do check the stock forecast and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

 

What we don’t like:

(Bearish Signals)

Poor risk adjusted returns:

Nano X Imaging stock is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns, the returns are unpredictable. Proceed with caution.

Below median dividend returns:

The average income yield of NNOX stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Negative cashflow:

NNOX stock had negative total cash flow in the most recent four quarters.

Negative free cash flow:

NNOX stock had negative total free cash flow in the most recent four quarters.

Low Earnings Growth:

NNOX stock has shown below median earnings growth in the previous 5 years compared to its sector.