Up 165% in 1 Month, Is This Growth Stock Finally a Buy?
It can be tempting to buy into a business that's rapidly picking up speed, especially when you're willing to take on a bit of risk in exchange for what might be a huge payday down the line. Well, Nano-X Imaging's (NASDAQ: NNOX) stock is soaring at the moment, with its shares blasting off by 165% in the last 30 days. And there's a solid chance that it's just getting started.
But don't take that price jump to mean that it's only a short-term play. If this company can execute on its interesting business plan in the way that it hopes, it could well have a long and prosperous future ahead.
Here's what you need to know about Nano-X Imaging before considering whether to buy it.
Source Fool.com
