NNOX - Could Nano-X Be a Millionaire-Maker Stock?
Nano-X Imaging (NASDAQ: NNOX) is a stock with high risk that might give investors a high reward. If you buy $10,000 worth of shares in Nano-X, you might lose it all. But it's also entirely possible the stock might go up 100 times in value.
The maker of a new kind of X-ray devices currently has a market valuation of a little over $1 billion. To achieve a 100-bagger, that number would have to reach $100 billion in the future. Is that possible? Sure. Many healthcare companies have achieved that milestone, including biotech stocks like Gilead Sciences and Amgen . It took a few decades for those companies to pull it off, but it's definitely possible. Here's how Nano-X might make you a millionaire over the next 30 years.
Image source: Getty Images.
For further details see:
Could Nano-X Be a Millionaire-Maker Stock?