NNOX - 3 Red Flags for Nano-X's Future
Shortly after its IPO in August, Nano-X Imaging (NASDAQ: NNOX) stock was up more than 180% on investors' hype over its claim that it had developed an innovative digital X-ray imaging system. Fast-forward two months, and the stock is down nearly 50% from early all-time highs, and many investors are disgruntled over allegations that the company is wrapped up in an elaborate fraudulent scheme.
Indeed, not all innovations are legit, but neither are all allegations of criminal activity. Today, let's look at three red flags for Nano-X's future, and why you definitely should not hurry to buy the stock on its dip.
Image source: Getty Images.
For further details see:
3 Red Flags for Nano-X's Future