NNOX - Nano-X Imaging: Buy the Dip?
Just a couple of weeks ago, shares of Nano-X Imaging (NASDAQ: NNOX) traded hands for $87 per share . Now you can buy that same stock for $46 a share. That's a lot cheaper. Does that make it a buy?
That question is actually a little tricky. A cheap stock price can mislead people into buying shares of a mediocre company, or even a bad company. Amazing companies have stock prices that go up over the long term. If you own shares of a less-than-amazing company, and it's clobbered by its rivals, the stock will get cheaper. So is Nano-X's cheaper price an opportunity or a warning sign?
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Nano-X Imaging: Buy the Dip?