Nanox stock isn't just wildly overvalued, it suffers from execution problems and has red flags galore. The last time we checked in was three years ago and we didn't miss much. They acquired a few firms and the result is a trickling of revenues from selling something for less than it costs to produce. There's an outstanding inquiry by the SEC, not to mention several class action lawsuits that hopefully get settled. The last FDA approval we saw several years ago was supposed to result in sales, but now we're told it will take another three years for the 15,000 machines we keep hearing about to be deployed. In the meantime, they're shipping a few demonstration units off to places like Ghana and Nigeria while revenues from their core product offering remain at zero. With all the great medical device companies out there, we're at a loss as to why anyone would want to waste their time looking at a company that's been developing a technology for a year, yet hasn't been able to monetize it yet. For those of you who choose to dabble, we've provided some price targets based on a valuation that you're not going to like.
RESEARCH PIECES USED IN THIS VIDEO:
1. Nanox Stock: Why This Saga Is Best Avoided
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2. Nanox Uses Nanofabrication for Digital Medical Imaging
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3. Nanox Reinvents X-Ray Machine, Files IPO
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CHAPTERS:
Intro
The bull thesis for Nanox
Red flags for NNOX stock
Analyzing the Nanox 20-F
The SEC investigation - closure?
Why we're avoiding Nanox
Price targets for NNOX stock
Conclusion
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Avoiding Nanox Stock | Overvalued and Red Flags Galore
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