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Nano-X slides on Citron hit: ‘Most blatant stock promotion’ we’ve seen

September 15, 2020

“Nano-X (NASDAQ:NNOX) is the most blatant stock promotion we have seen in years,” says Andrew Left.

“The company has valued themselves at less than $1 per share. SEC should investigate false claims. No R&D, no FDA and no product, yet trades at over $2B market cap.”

Left’s target price: $0.

Full report is here.

The company one month ago raised about $160M in its IPO, and proceeded to more than double in value shortly thereafter. Shares have been heading sharply lower since peaking above $65 late last week.

https://seekingalpha.com/news/3614142-nano-x-slides-citron-takes-aim-blatant-stock-promotion-seen

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