Why Nano-X Imaging Stock Was Up an Impressive 66% in January

Shares of Nano-X Imaging (NASDAQ: NNOX), commonly referred to as simply Nanox, were up 66% in January, according to data provided by S&P Global Market Intelligence. The company continues to attract enthusiastic fans celebrating its potentially game-changing medical-imaging solutions. However, it's possible a new setback might keep the stock from going up in February as much as it went up this past month.

I believe it's fair to say Nanox stock is an extremely speculative investment right now. That's because its medical-imaging device hasn't been approved by regulators yet. Therefore, the company doesn't have any revenue right now. Because of the speculative nature of Nanox stock, it's been attacked in some reports by short-sellers.

Image source: Getty Images.

Source Fool.com