How to Buy NNOX Stock [2024] | Invest in Nano-X Imaging

Summary: Nano-X Imaging Ltd (NNOX) is a medical imaging technology company that aims to revolutionize the field with its innovative digital X-ray technology. In this guide, you will learn how to buy NNOX stock by creating an account on a regulated online exchange platform, such as eToro.

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About Nano-X Imaging

Nano-X Imaging Ltd (NASDAQ: NNOX) is a medical technology company headquartered in Neve Ilan, Israel. The company pioneers digital X-ray technology designed to be more accessible and affordable, democratizing medical imaging across the globe.

How to buy NNOX stock: Step-by-step

Nano-X Imaging went public on the NASDAQ in 2020, trading under the ticker NNOX.

To invest in NNOX, follow these steps:

Find a broker: Find a regulated online brokerage platform that lists NNOX stock;
Register and fund your account: Open an account and transfer funds to it;
Place a trade: Find NNOX stock on the broker’s platform and place a trade;
Monitor your investment.

To explore other tech investment opportunities and move beyond the medical industry, check out our guide on the biggest technology companies.

Step 1: Choose a broker

To buy NNOX stock, you’ll first need to register an account on an online stock trading platform. Each platform has its own pros, catering to different kinds of investors (day traders, passive investors, etc.) and providing different investment tools.

Our recommended broker for NNOX stock is eToro, a well-regulated platform with licenses issued by the Financial Conduct Authority (FCA) and Financial Industry Regulatory Authority (FINRA), as well as a host of trading features such as:

Commission-free stock and ETF trading;
Over 2,000 stocks from 17 different exchanges;
Fractional shares;
Charting tools;
User-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 2: Fund your account

After selecting a broker, you’ll need to set up and fund your account. Registering is a simple matter of following broker instructions and going through a know-your-customer (KYC) process. As for the funding, different brokers support various payment methods, so ensure your chosen method is supported.

Typically, you can link your bank account or use a credit card to transfer funds. Sometimes, third-party payment services like PayPal are a viable payment method as well.

Remember to think carefully about how much money you’d actually need to start investing. If you’re new, make sure you don’t spend too much immediately. Instead, allocate a portion of your funds to a safety fund. To calculate the average price of your stock, you can use Finbold’s stock price calculator.

Step 3: Place your order

Once you’ve decided on the amount to invest, place your order.

Log in on your broker’s website;
Find NNOX stock;
Specify the number of shares you wish to buy;
Select order type;
Review all the details once more;
Execute the trade.

You have two main options in terms of order type:

– Market order: Choose this to buy the stock at the current market price;
– Limit order: Choose this to buy the stock when it reaches your pre-specified price or price range.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 4: Monitor your investment

The stock market can be volatile, and prices fluctuate daily. Therefore, keep track of NNOX’s performance, financial health, and market position. Staying informed about company developments and industry trends is crucial for making strategic decisions about your investment.

Remember, investing in stocks is often best done with a long-term perspective. Short-term price fluctuations are normal and don’t necessarily reflect the long-term potential of your investment.
Moreover, remember to use charting tools and market analysis features on your broker’s platform to track stock price fluctuations and consider diversifying your investment portfolio by exploring other investment opportunities.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

NNOX stock price today

Pros and cons of investing in NNOX

Pros

Niche market: Focusing on digital X-ray tech can position NNO as a leader in a niche market within the constantly growing medical industry;
The pricing model: The company charges for single scans instead of hardware licenses;
Solid backing: Nanox enjoys backing from the likes of NVIDIA (NASDAQ: NVDA), which owns a share in it.

Cons

Tech risks: Nano-X unsurprisingly faces operational risks, like all tech companies;
Regulatory risks: Medical devices are subject to stringent regulatory approvals;
Unpredictable revenue: The company reported revenue of $2.55 million in Q1 2024, 42.11% worse than the analyst estimate.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy NNOX stock

Will NNOX get FDA approval?

NNOX has received clearance by the US Food and Drug Administration (FDA) for its AI software for liver attenuation scans.

Who owns NNOX stock?

The largest NNOX shareholders include Blackrock Inc., State Street Corporation, and Morgan Stanley.

Is NNOX profitable?

NNOX is expected to report profits in 2026 or at least break even for the next two years, according to some analysts.

Is NNOX stock a buy or a sell?

When investing, it is always smart to research the company whose shares you’re buying. Understanding NNOX fundamentals and conducting technical analysis can help you spot profitable trading opportunities. Moreover, analyzing stock charts and staying updated on company news and industry trends will enable you to make informed decisions about holding or selling your stocks.

When was NNOX founded?

NNOX was founded in 2011.

When was NNOX’s IPO?

NNOX went public in 2020.