Where Will Nano-X Imaging Ltd (NNOX) Stock Go Next After It Has Fallen 14.40% in a Week?

Nano-X Imaging Ltd (NNOX) stock is lower by 14.40% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Nano-X Imaging Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NNOX!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NNOX Stock Today?

Nano-X Imaging Ltd (NNOX) stock is trading at $7.37 as of 10:51 AM on Thursday, Dec 29, an increase of $0.80, or 12.18% from the previous closing price of $6.57. The stock has traded between $6.55 and $7.38 so far today. Volume today is 374,074 compared to average volume of 497,613. To screen for more stocks like Nano-X Imaging Ltd click here.

More About Nano-X Imaging Ltd

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. Click Here to get the full Stock Report for Nano-X Imaging Ltd stock.