Why Is Everyone Talking About Nano-X Stock?
Nano-X Imaging (NASDAQ: NNOX) is creating a lot of heat these days -- the stock is down 27% this year but up more than 33% over the past month. That's particularly ironic because the company's breakthrough X-ray imaging device is based on not creating too much heat.
Typically, X-rays, MRIs (magnetic resonance imaging), and CAT (computer axial tomography) procedures all require large pieces of equipment that take up lots of space and can cost between $60,000 and $2.1 million, depending on the machine. That, in turn, makes the cost of their scans more expensive, and thus available mainly in first-world nations. Nano-X estimates that two-thirds of the world's population has no access to such critical medical X-ray technology because of the size and cost of the machines.
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Source Fool.com
