Is Nano-X the Ultimate Contrarian Buy?
It was only August when Nano-X Imaging (NASDAQ: NNOX) went public. But in a short amount of time, the company has earned a lot of investor attention — for both good and bad reasons. Not only is its share price up around 70% since it began trading (the S&P 500 is up about 2% over the same period), but there’s been plenty of controversy surrounding Nano-X’s business. Multiple short seller reports have cast doubt on the company’s business model, and investors have bene left wondering if now is the time to sell their shares and walk away.
Let’s balance the available information in order to determine whether Nano-X is heading for a big crash or if it is the next great contrarian investment.
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