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Even the best stock pickers will make plenty of bad investments. And there's no doubt that Nano-X Imaging Ltd. (NASDAQ:NNOX) stock has had a really bad year. The share price has slid 56% in that time. Nano-X Imaging may have better days ahead, of course; we've only looked at a one year period. Unfortunately the share price momentum is still quite negative, with prices down 16% in thirty days. However, we note the price may have been impacted by the broader market, which is down 11% in the same time period.
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.
Nano-X Imaging wasn't profitable in the last twelve months, it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. Shareholders of unprofitable companies usually expect strong revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
You can see how its balance sheet has strengthened (or weakened) over time in this free interactive graphic.
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