Nano-X Imaging (NASDAQ:NNOX) shareholders have endured a 56% loss from investing in the stock a year ago




  • In Business
  • 2022-05-14 13:41:25Z
  • By Simply Wall St.
 

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.

See our latest analysis for Nano-X Imaging

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.

A Different Perspective

We doubt Nano-X Imaging shareholders are happy with the loss of 56% over twelve months. That falls short of the market, which lost 9.0%. That's disappointing, but it's worth keeping in mind that the market-wide selling wouldn't have helped. The share price decline has continued throughout the most recent three months, down 6.6%, suggesting an absence of enthusiasm from investors. Basically, most investors should be wary of buying into a poor-performing stock, unless the business itself has clearly improved. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that Nano-X Imaging is showing 3 warning signs in our investment analysis , you should know about...

If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: insiders have been buying them).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

COMMENTS

More Related News

Investors in Titan Mining (TSE:TI) have made a respectable return of 63% over the past three years
Investors in Titan Mining (TSE:TI) have made a respectable return of 63% over the past three years

It might be of some concern to shareholders to see the Titan Mining Corporation ( TSE:TI ) share price down 11% in the...

Netflix trims staff to weather slowing growth
Netflix trims staff to weather slowing growth

Netflix on Tuesday said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television...

Sea Surges After Gaming Sales Defy Post-Covid Internet Slowdown
Sea Surges After Gaming Sales Defy Post-Covid Internet Slowdown

(Bloomberg) -- Sea Ltd. rose more than 14% after reporting core gaming revenue grew faster than expected, offsetting a slowdown across the rest of the...

One Wiseway Group Limited (ASX:WWG) insider upped their stake by 2.9% in the previous year
One Wiseway Group Limited (ASX:WWG) insider upped their stake by 2.9% in the previous year

Looking at Wiseway Group Limited's ( ASX:WWG ) insider transactions over the last year, we can see that insiders were...

Investors in Top Shelf International Holdings (ASX:TSI) have unfortunately lost 32% over the last year
Investors in Top Shelf International Holdings (ASX:TSI) have unfortunately lost 32% over the last year

Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. While...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business