NANO-X IMAGING LTD Down 2.56% To $9.56 After Earnings

NANO-X IMAGING LTD (NNOX) said before open Monday that it broke even in quarter four 2023.

In the same quarter a year ago, the company lost $0.19 per share on revenue of $2.1 million.

The stock is down 2.56% to $9.56 after the report.

NANO-X IMAGING LTD's profit margins maintained as both earnings and revenue declined at the same pace.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Neutral Sentiment score at the moment based on recent trading.

NANO-X IMAGING LTD has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 76, putting NANO-X IMAGING LTD in the top 25% of stocks. The firm set a 52-week low on October 30, 2023 at $4.89 and set a 52-week high on June 5, 2023 at $22.69.

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.