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Further weakness as Nano-X Imaging (NASDAQ:NNOX) drops 13% this week, taking one-year losses to 53%

Taking the occasional loss comes part and parcel with investing on the stock market. And unfortunately for Nano-X Imaging Ltd. (NASDAQ:NNOX) shareholders, the stock is a lot lower today than it was a year ago. The share price is down a hefty 53% in that time. Because Nano-X Imaging hasn't been listed for many years, the market is still learning about how the business performs. The last week also saw the share price slip down another 13%.

Given the past week has been tough on shareholders, let's investigate the fundamentals and see what we can learn.

See our latest analysis for Nano-X Imaging

Because Nano-X Imaging made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good 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.

The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).


If you are thinking of buying or selling Nano-X Imaging stock, you should check out this FREE detailed report on its balance sheet.

A Different Perspective

Nano-X Imaging shareholders are down 53% for the year, even worse than the market loss of 24%. There's no doubt that's a disappointment, but the stock may well have fared better in a stronger market. The share price decline has continued throughout the most recent three months, down 12%, 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. It's always interesting to track share price performance over the longer term. But to understand Nano-X Imaging better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Nano-X Imaging , and understanding them should be part of your investment process.

We will like Nano-X Imaging better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

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)

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.

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